James H. Lee - 27 Oct 2021 Form 4 Insider Report for HOLLY ENERGY PARTNERS LP

Role
Director
Signature
Stacey Foland, Attorney-in-Fact
Issuer symbol
N/A
Transactions as of
27 Oct 2021
Net transactions value
$0
Form type
4
Filing time
29 Oct 2021, 17:43:41 UTC
Next filing
10 Nov 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HEP Common Units Award $0 +6,076 +27% $0.000000 29,003 27 Oct 2021 Direct F1
holding HEP Common Units 285 27 Oct 2021 By Spouse F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Phantom Units granted under the Holly Energy Partners, L.P. Long-Term Incentive Plan. The Phantom Units are subject to restrictions that will lapse on December 1, 2022, provided the reporting person has served on the board of directors of the ultimate general partner of the Issuer from the grant date until such vesting date. The vested Phantom Units will be paid within 30 days following the vesting date in the form of the Issuer's common units equal to the number of vested Phantom Units.
F2 The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.

Remarks:

Mr. Lee is an outside director of Holly Logistic Services, L.L.C. Holly Logistic Services, L.L.C. is the general partner of HEP Logistics Holdings, L.P., the general partner of issuer.