Mark A. Pytosh - 08 Dec 2021 Form 4 Insider Report for CVR PARTNERS, LP (UAN)

Role
President and CEO, Director
Signature
/s/ Mark A. Pytosh
Issuer symbol
UAN
Transactions as of
08 Dec 2021
Net transactions value
-$2,917,033
Form type
4
Filing time
10 Dec 2021, 15:14:20 UTC
Previous filing
17 Nov 2021
Next filing
15 Dec 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UAN Common Units Options Exercise $0 +6,398 +21% $0.000000 36,991 08 Dec 2021 Direct F1, F2
transaction UAN Common Units Disposed to Issuer $497,764 -6,398 -17% $77.80 30,593 08 Dec 2021 Direct F1, F3
transaction UAN Common Units Options Exercise $0 +31,096 +102% $0.000000 61,689 08 Dec 2021 Direct F2, F4
transaction UAN Common Units Disposed to Issuer $2,419,269 -31,096 -50% $77.80 30,593 08 Dec 2021 Direct F3, F4

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 UAN Phantom Units Options Exercise $0 -6,398 -50% $0.000000 6,397 08 Dec 2021 Common Units 6,398 Direct F1, F2, F5
transaction UAN Phantom Units Options Exercise $0 -31,096 -33% $0.000000 62,192 08 Dec 2021 Common Units 31,096 Direct F2, F4, F5
transaction UAN Phantom Units Award $0 +8,774 $0.000000 8,774 08 Dec 2021 Common Units 8,774 Direct F2, F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Phantom Units were awarded to the reporting person by CVR Partners, LP as compensation for services as an officer of its general partner, CVR GP, LLC, on December 13, 2019. These Phantom Units vest ratably in annual installments in December of each of the three years following the grant date, subject to the terms and conditions of the award agreement.
F2 Each Phantom Unit reported herein represents the right to receive upon vesting, a cash payment equal to the average closing price of a common unit of CVR Partners, LP for the 10 trading days preceding the vest date.
F3 This price represents the average closing price of a common unit of CVR Partners, LP for the 10 trading days preceding the vest date.
F4 The Phantom Units were awarded to the reporting person by CVR Partners, LP as compensation for services as an officer of its general partner, CVR GP, LLC, on December 9, 2020. These Phantom Units vest ratably in annual installments in December of each of the three years following the grant date, subject to the terms and conditions of the award agreement.
F5 The Phantom Units expire immediately upon vest.
F6 The Phantom Units were awarded to the reporting person by CVR Partners, LP as compensation for services as an officer of its general partner, CVR GP, LLC, on December 8, 2021. These Phantom Units vest ratably in annual installments in December of each of the three years following the grant date, subject to the terms and conditions of the award agreement.

Remarks:

Effective after market close on November 23, 2020, CVR Partners, LP effected a 1-for-10 reverse unit split, with proportionate adjustments to outstanding Phantom Unit Awards. Amounts presented in this Form 4 related to Awards made prior to such reverse unit split, reflect the reverse unit split and such proportionate adjustments.