* |
If the form is filed by more than one reporting person, see Instruction 5(b)(v). |
** |
Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) |
The reporting person is a participant in the Hi-Crush Partners LP Long-Term Incentive Plan (the "Plan") and received 1,024 phantom units under the Plan on June 2, 2014. Such phantom units vest on June 2, 2017 if the reporting person remains employed during the three-year period. Each phantom unit represents the right to receive, upon vesting, one common unit representing limited partner interests in Hi-Crush Partners LP (the "Partnership"), along with tandem distribution equivalent rights (DERs). The DERs are payable in cash. The phantom units expire upon settlement. |
(2) |
The reporting person received 1,024 phantom units under the Plan on June 2, 2014. Such phantom units vest as follows: if the Partnership's performance on average for each calendar quarter for the three-year period ending December 31, 2016 compared to the performance of entities in a designated peer group is (a) at the 75th percentile or above, 200% of the phantom units will vest, (b) at the 50th percentile, 100% of the phantom units will vest, (c) at the 25th percentile, 50% of the phantom units will vest, or (d) below the 25th percentile, 0% of the phantom units will vest. The number of phantom units that will vest between applicable percentiles will be determined by straight-line interpolation. Each phantom unit represents the right to receive, upon vesting, one common unit representing limited partner interests in the Partnership, along with tandem distribution equivalent rights (DERs). The DERs are payable in cash. The phantom units expire upon settlement. |
(3) |
The reporting person received 2,700 phantom units under the Plan on February 13, 2015. Such phantom units vest on February 13, 2018 if the reporting person remains employed during the three-year period. Each phantom unit represents the right to receive, upon vesting, one common unit representing limited partner interests in the Partnership, along with tandem distribution equivalent rights (DERs). The DERs are payable in cash. The phantom units expire upon settlement. |
(4) |
The reporting person received 2,700 phantom units under the Plan on February 13, 2015. Such phantom units vest as follows: if the Partnership's performance on average for each calendar quarter for the three-year period ending December 31, 2017 compared to the performance of entities in a designated peer group is (a) at the 75th percentile or above, 200% of the phantom units will vest, (b) at the 50th percentile, 100% of the phantom units will vest, (c) at the 25th percentile, 50% of the phantom units will vest, or (d) below the 25th percentile, 0% of the phantom units will vest. The number of phantom units that will vest between applicable percentiles will be determined by straight-line interpolation. Each phantom unit represents the right to receive, upon vesting, one common unit representing limited partner interests in the Partnership, along with tandem distribution equivalent rights (DERs). The DERs are payable in cash. The phantom units expire upon settlement. |