Home > Insider Trading > Filing (0001209191-16-093260)

Filing Details

Accession Number:: 0001209191-16-093260
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2016-01-22 17:51:42
Reporting Period:: 2016-01-20

Filing Date:: 2016-01-22
Accepted Time:: 2016-01-22 17:51:42
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1533454	Northern Tier Energy Lp	NTI	Petroleum Refining (2911)	800763623

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1358598	Berriman Karen Davis	C/O Northern Tier Energy Lp 1250 W. Washington Street, Suite 300 Tempe AZ 85281	Exec Vp, Cfo	No	Yes	No	No

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Unit	Acquisiton	2016-01-20	5,159	$0.00	5,159	No	4	M	Direct
Common Unit	Disposition	2016-01-20	1,693	$24.33	3,466	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	M	Direct
No	4	S	Direct

Reported Derivative Transactions

Show Other Fields >>

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Units	Phantom Unit	Disposition	2016-01-20	5,159	$0.00	5,159	$0.00
Common Units	Phantom Unit	Acquisiton	2016-01-20	13,636	$0.00	13,636	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
10,317			No	4	M	Direct
23,953			No	4	A	Direct

Footnotes

These common units were issued pursuant to a phantom unit award granted to the reporting person on February 2, 2015 (the "2015 Phantom Unit Award"), settled, at the election of the Compensation Committee of the Board of Directors (the "Board") of Northern Tier Energy GP LLC ("NTI GP"), the general partner of NTI, in NTI common units.
This sale was made pursuant to a previous election made by the reporting person for the payment of income taxes required to be paid to the Internal Revenue Service as a result of the vesting of the 2015 Phantom Unit Award previously granted to the reporting person as compensation for services as an officer.
The reporting person hereby undertakes to provide upon request by the SEC staff, the issuer, or any security holder of the issuer, full information regarding the number of common units sold at each separate price.
$24.3274 is the weighted average sale price. The shares were sold in various transactions through a broker at prices between $24.2300 per share and $24.4700 per share.
Each phantom unit represents a contingent right to receive one common unit representing a limited partner interest in NTI or, at the election of the Board, or such Committee as may be appointed by the Board, the cash value thereof. The phantom units were awarded as compensation for services as an officer of NTI GP.
The phantom units vest ratably on the third Wednesday of January in each of the three years following the date of grant. The vested common units underlying the phantom units, or the cash value thereof, will be delivered to the reporting person on or promptly following the vesting date applicable thereto, but not later than the 70th calendar day following the vesting of the phantom units.
This number of derivative securities includes 10,317 phantom units that remain outstanding pursuant to the 2015 Phantom Unit Award.
This number of derivative securities includes (a) 10,317 phantom units that remain outstanding pursuant to the 2015 Phantom Unit Award; and (b) 13,636 phantom units that remain outstanding pursuant to a phantom unit award granted to the reporting person on January 20, 2016.