Scott Obermeier - Feb 3, 2023 Form 4 Insider Report for Calumet Specialty Products Partners, L.P. (CLMT)

Role
EVP - Specialties
Signature
/s/ Vincent Donargo, as attorney-in-fact
Stock symbol
CLMT
Transactions as of
Feb 3, 2023
Transactions value $
$0
Form type
4
Date filed
2/7/2023, 02:31 PM
Previous filing
Aug 10, 2022
Next filing
Feb 16, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CLMT Common Unit Options Exercise $0 +250K +519.27% $0.00 298K Feb 3, 2023 Direct
transaction CLMT Common Unit Tax liability $0 -110K -37.01% $0.00 188K Feb 3, 2023 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 -26.3K -100% $0.00* 0 Feb 3, 2023 Common Unit 26.3K Direct F2, F3
transaction CLMT Phantom Unit Options Exercise $0 -224K -100% $0.00* 0 Feb 3, 2023 Common Unit 224K 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 110,336 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 100% of the Phantom Units vest on December 31, 2022.