Jeff English - Oct 11, 2021 Form 3 Insider Report for Cypress Environmental Partners, L.P. (CELP)

Role
Vice President and COO
Signature
/s/ Jonathan M. Cinocca, Attorney-in-Fact to Jeff English
Stock symbol
CELP
Transactions as of
Oct 11, 2021
Transactions value $
$0
Form type
3
Date filed
10/19/2021, 11:31 AM
Next filing
Jul 7, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding CELP Common Units (Limited Partner Interests) 1.06K Oct 11, 2021 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding CELP Phantom Units (Limited Partner Interests) Oct 11, 2021 Common Units (Limited Partner interests) 2.4K Direct F1, F2
holding CELP Phantom Units (Limited Partner Interests) Oct 11, 2021 Common Units (Limited Partner interests) 8K Direct F1, F2, F3
holding CELP Phantom Units (Limited Partner Interests) Oct 11, 2021 Common Units (Limited Partner interests) 10K Direct F1, F2, F4
holding CELP Phantom Units (Limited Partner Interests) Oct 11, 2021 Common Units (Limited Partner interests) 28.1K Direct F1, F2, F5
holding CELP Unit Appreciation Right Oct 11, 2021 Common Units (Limited Partner interests) 80K $2.14 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The phantom units expire upon settlement. The phantom units are settled upon vesting in common units (on a one-for-one basis) or in cash, at the discretion of the Issuer.
F2 Each phantom unit is the economic equivalent of one common unit.
F3 Vests in two substantially equal installments on March 7, 2022 and 2023.
F4 Vests in three substantially equal installments on April 1, 2022, 2023 and 2024.
F5 Vests in three substantially equal installments on April 1, 2023, 2024 and 2025.
F6 On May 28, 2021, the Reporting Person was granted 80,000 Unit Appreciation Rights ("UARs") pursuant to the Issuer's 2013 Long-Term Incentive Plan (the "Plan"). The UARs vest in equal installments on March 28, 2024, 2025 and 2026. Each UAR that vests represents the right to receive payment, in accordance with the Plan, in an amount equal to the excess, if any, of the fair market value of one Common Unit over the per Unit exercise price of the UAR upon exercise of the UAR. The Reporting Person is entitled to cash or common units (valued at the fair market value on the date of exercises), or a combination thereof, as determined by the administrator of the Plan.