Mark Haney - 20 Jan 2022 Form 4 Insider Report for PHILLIPS 66 PARTNERS LP

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
20 Jan 2022, 17:32:35 UTC
Prior SEC filing
26 Jul 2021
Next SEC filing
09 Mar 2022
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
Julie P. Pradel, by Power of Attorney

Key filing fact

Mark Haney filed Form 4 for PHILLIPS 66 PARTNERS LP on 20 Jan 2022.

Key facts

  • This page summarizes Mark Haney's Form 4 filing for PHILLIPS 66 PARTNERS LP.
  • 5 reported transactions and 2 derivative rows are listed below.
  • Accepted by SEC: 20 Jan 2022, 17:32.

Change

  • Previous filing in this sequence was filed on 26 Jul 2021.
  • Current net transaction value: -$261.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

PSXP transaction

Common Units (Limited Partner Interests)

Options Exercise

Transaction value
$0
Shares
+1,650
Change %
+5.1%
Price
$0.000000
Shares after
34,127
Date
20 Jan 2022
Ownership
Direct
Footnotes
F1
PSXP transaction

Common Units (Limited Partner Interests)

Disposed to Issuer

Transaction value
$72,538
Shares
-1,650
Change %
-4.8%
Price
$43.96
Shares after
32,477
Date
20 Jan 2022
Ownership
Direct
Footnotes
F1, F2
PSXP transaction

Common Units (Limited Partner Interests)

Purchase

Transaction value
$72,278
Shares
+1,623
Change %
+5%
Price
$44.53
Shares after
34,100
Date
20 Jan 2022
Ownership
Direct
Footnotes
F3, F4

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

PSXP transaction Derivative

Phantom Units

Options Exercise

Transaction value
$0
Shares
-1,650
Change %
-100%
Price
$0.000000*
Shares after
0
Date
20 Jan 2022
Ownership
Direct
Underlying class
Common Units (Limited Partner Interests)
Underlying amount
1,650
Exercise price
Footnotes
F5, F6
PSXP transaction Derivative

Phantom Units

Award

Transaction value
$0
Shares
+2,389
Change %
Price
$0.000000
Shares after
2,389
Date
20 Jan 2022
Ownership
Direct
Underlying class
Common Units (Limited Partner Interests)
Underlying amount
2,389
Exercise price
Footnotes
F5, F6, F7, F8
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 8 footnotes

Footnote F1

These transactions do not represent the actual purchase and sale of common units by the reporting person. In accordance reporting requirements, they represent the cash settlement of a phantom unit award.

Footnote F2

The price reflected above is the average of the high and the low price of the Company's common unit on January 14, 2022.

Footnote F3

In accordance with Rule 10b5-1, on November 25, 2018, the reporting person gave instructions to purchase common units with the cash payment received upon settlement of the 1,650 phantom units reported on this Form 4.

Footnote F4

The price of $43.5333 is a weighted average price. These units were acquired in multiple transactions at prices ranging from $44.529 - $44.54. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer, full information regarding the number of units and prices at which the transaction was effected.

Footnote F5

Each phantom unit is the economic equivalent of one common unit of Phillips 66 Partners LP.

Footnote F6

The phantom units do not have an expiration date.

Footnote F7

The plan actually dictates January 15th as the grant date, but due to that being a holiday weekend, the reporting person was not notified of the transaction until the 20th, which is the transaction date per Rule 16a-3(g).

Footnote F8

Annual grant to non-employee directors of phantom units.

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