Fred M. Fehsenfeld Jr - Nov 3, 2021 Form 4 Insider Report for Calumet Specialty Products Partners, L.P. (CLMT)

Role
Director, Chairman of the Board
Signature
/s/ Vincent Donargo, as attorney-in-fact
Stock symbol
CLMT
Transactions as of
Nov 3, 2021
Transactions value $
$0
Form type
4
Date filed
11/5/2021, 08:38 PM
Previous filing
Aug 5, 2021
Next filing
Feb 24, 2022

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 CLMT Phantom Units Award $0 +1.76K $0.00 1.76K Nov 3, 2021 Common Units 1.76K Direct F1, F2
transaction CLMT Phantom Units Award $0 +587 $0.00 587 Nov 3, 2021 Common Units 587 Direct F1, F3
transaction CLMT Phantom Units Award $0 +8.92K $0.00 8.92K Nov 3, 2021 Common Units 8.92K Direct F1, F4
* 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 a Calumet Specialty Products Partners, L.P. Common Unit.
F2 Each Phantom Unit becomes payable either in the form of a Common Unit or the cash value thereof upon the earlier of the date specified by the reporting person or the reporting person's termination date. Phantom Units are 100% vested.
F3 Each Phantom Unit becomes payable either in the form of a Common Unit or the cash value thereof upon the earlier of the date specified by the reporting person or the reporting person's termination date pursuant to the Deferred Compensation Plan. 25% of the Phantom Units vest on July 1 of each year beginning on July 1, 2022
F4 Phantom Units vest on December 31, 2023. Phantom Units will be settled upon vesting.