Mark A. Pytosh - 14 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
14 Dec 2021
Net transactions value
-$434,652
Form type
4
Filing time
15 Dec 2021, 15:31:02 UTC
Previous filing
10 Dec 2021
Next filing
16 Dec 2022
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 +5,661 +19% $0.000000 36,254 14 Dec 2021 Direct F1, F2
transaction UAN Common Units Disposed to Issuer $434,652 -5,661 -16% $76.78 30,593 14 Dec 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 -5,661 -100% $0.000000* 0 14 Dec 2021 Common Units 5,661 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.