Jeffrey A. Herbers - Nov 2, 2021 Form 4 Insider Report for Cypress Environmental Partners, L.P. (CELP)

Role
Officer
Signature
/s/ Jonathan M. Cinocca, Attorney-in-Fact for Jeffrey A. Herbers
Stock symbol
CELP
Transactions as of
Nov 2, 2021
Transactions value $
-$1,560
Form type
4
Date filed
11/3/2021, 12:53 PM
Previous filing
Jun 1, 2021
Next filing
Jul 7, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CELP Common Units (Limited Partner Interests) Options Exercise +3.38K +20% 20.3K Nov 2, 2021 Direct F1
transaction CELP Common Units (Limited Partner Interests) Tax liability -$1.56K -963 -4.74% $1.62* 19.3K Nov 2, 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
transaction CELP Phantom Units (Limited Partner Interests) Options Exercise -3.38K -100% 0 Nov 2, 2021 Common Units (Limited Partner Interests) 3.38K Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each phantom unit is the economic equivalent of one common unit.
F2 On November 2, 2016, the Reporting Person was granted 10,152 phantom units which vest in equal installments on November 2, 2019, 2020 and 2021, subject to Reporting Person's continued service with the Issuer through the applicable vesting dates.
F3 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 desertion of the Issuer.

Remarks:

The Reporting Person is Chief Financial Officer of Cypress Environmental Partners GP, LLC, the general partner of the Issuer (the "General Partner"). The Issuer is managed by the directors and executive officers of the General Partner.