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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1340122	Calumet Specialty Products Partners L.p.	CLMT	Petroleum Refining (2911)	351811116

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1466868	Keith H. Jennings	2780 Waterfront Pkwy E. Dr. Indianapolis IN 46214	Chief Financial Officer	No	Yes	No	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Units	Acquisiton	2020-03-13	5,500	$1.86	101,302	No	4	P	Direct
Common Units	Acquisiton	2020-03-13	2,000	$2.00	103,302	No	4	P	Direct
Common Units	Acquisiton	2020-03-16	2,000	$1.80	105,302	No	4	P	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	P	Direct
No	4	P	Direct
No	4	P	Direct

Reported Derivative Transactions

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Units	Phantom Units	Acquisiton	2020-03-13	30,776	$0.00	30,776	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
30,776			No	4	A	Direct

Footnotes

The purchases reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 2, 2019.
The price reported is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $1.76 to $1.80, inclusive. The reporting person undertakes to provide to Calumet Specialty Products Partners, L.P., any security holder of Calumet Specialty Products Partners, L.P., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in footnote (2) to this Form 4.
Each Phantom Unit is the economic equivalent of a Calumet Specialty Products Partners, L.P. Common Unit.
Phantom Units represent 50% of H. Keith Jennings's annual cash incentive award in lieu of cash. The Phantom Units are 100% vested. The Phantom Units will be settled in Common Units within 30 days of the first to occur of (i) a Change of Control that also constitutes a "change in control" within the meaning of Section 409A and any Internal Revenue Service guidance promulgated with respect to Section 409A and (ii) the third anniversary of the grant date.