Stephen P. Mawer - Mar 4, 2022 Form 4 Insider Report for Calumet Specialty Products Partners, L.P. (CLMT)

Role: Chief Executive Officer
Signature: /s/ Vincent Donargo, as attorney-in-fact
Stock symbol: CLMT
Transactions as of: Mar 4, 2022
Transactions value $: $0
Form type: 4
Date filed: 3/8/2022, 08:45 AM
Previous filing: Feb 24, 2022
Next filing: Aug 12, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CLMT	Common Units	Options Exercise	$0	+7.1K	+5.7%	$0.00	132K	Mar 4, 2022	Direct
transaction	CLMT	Common Units	Tax liability	$0	-3.67K	-2.79%	$0.00	128K	Mar 4, 2022	Direct	F1

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	Options Exercise	$0	-7.1K	-100%	$0.00^*	0	Mar 4, 2022	Common Units	7.1K		Direct	F2, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The reporting person elected to surrender 3,671 common units to satisfy tax withholding liabilities upon delivery of common units in accordance with Rule 16b-3.
F2	Each Phantom Unit is the economic equivalent of a Calumet Specialty Products Partners, L.P. Common Unit.
F3	25% of the Phantom Units vested immediately and the remaining vest ratably over three years on December 31 of each year beginning on December 31, 2019.