CVR PARTNERS, LP — Director's Dealing 2014

Dec 30, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CVR PARTNERS, LP (UAN)
CIK: 0001425292
Period of Report: 2014-12-26

Reporting Person: White William L (EVP, Marketing and Operations)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-12-27	Common Units	M	5082	$9.96	Acquired	5082	Direct
2014-12-27	Common Units	D	5082	$9.96	Disposed	0	Direct
2014-12-28	Common Units	M	3261	—	Acquired	3261	Direct
2014-12-28	Common Units	F	1072	$9.18	Disposed	2189	Direct
2014-12-30	Common Units	M	3265	$9.13	Acquired	5454	Direct
2014-12-30	Common Units	D	3265	$9.13	Disposed	2189	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-12-26	Phantom Units	$	A	29348	Acquired		Common Units (29348)	Direct
2014-12-27	Phantom Units	$	M	5082	Disposed	2014-12-27	Common Units (5082)	Direct
2014-12-28	Phantom Units	$	M	3261	Disposed	2014-12-28	Common Units (3261)	Direct
2014-12-30	Phantom Units	$	M	3265	Disposed	2014-12-30	Common Units (3265)	Direct

Footnotes

F1: Each Phantom Unit reported herein represents the right to receive upon vesting, a cash payment equal to the average closing price of the common units of CVR Partners, LP for the 10 business days preceding the vesting date.

F2: The Phantom Units awarded to the reporting person vest in three annual installments beginning on December 26, 2015.

F3: The Phantom Units expire immediately following their vesting in three equal installments beginning on December 26, 2015.

F4: This transaction represents the cash settlement of vested Phantom Units awarded on December 27, 2013.

F5: Each Phantom Unit reported herein represents the economic equivalent of one Common Unit of CVR Partners, LP. This transaction represents the settlement of vested Phantom Units in Common Units of CVR Partners, LP.

F6: This transaction represents the cash settlement of vested Phantom Units awarded on December 30, 2011.