Mark A. Pytosh - Dec 14, 2021 Form 4 Insider Report for CVR PARTNERS, LP (UAN)

Role
President and CEO, Director
Signature
/s/ Mark A. Pytosh
Stock symbol
UAN
Transactions as of
Dec 14, 2021
Transactions value $
-$434,652
Form type
4
Date filed
12/15/2021, 03:31 PM
Previous filing
Dec 10, 2021
Next filing
Dec 16, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UAN Common Units Options Exercise $0 +5.66K +18.5% $0.00 36.3K Dec 14, 2021 Direct F1, F2
transaction UAN Common Units Disposed to Issuer -$435K -5.66K -15.61% $76.78 30.6K Dec 14, 2021 Direct F1, F3

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 -5.66K -100% $0.00* 0 Dec 14, 2021 Common Units 5.66K Direct F1, F2, F4
* 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 on December 14, 2018. 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 expire immediately upon vest.

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.