CVR PARTNERS, LP — Director's Dealing 2020

Dec 11, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CVR PARTNERS, LP (UAN)
CIK: 0001425292
Period of Report: 2020-12-09

Reporting Person: PYTOSH MARK A (Director, President and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-12-09	Common Units	M	6398	—	Acquired	26991	Direct
2020-12-09	Common Units	D	6398	$10.21	Disposed	20593	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-12-09	Phantom Units	$	A	93288	Acquired		Common Units (93288.0)	Direct
2020-12-09	Phantom Units	$	M	6398	Disposed		Common Units (6398.0)	Direct

Footnotes

F1: The Phantom Units were awarded to the reporting person by CVR Partners, LP as compensation for services as an officer of its general partner, CVR GP, LLC, on December 13, 2019. These Phantom Units vest ratably in three annual installments beginning in December of each year following the grant date, subject to the terms and conditions of the award agreement.

F2: Each Phantom Unit reported herein represents the right to receive upon vesting, a cash payment equal to the average closing price of a common unit of CVR Partners, LP for the 10 trading days preceding the vest date.

F3: This price represents the average closing price of a common unit of CVR Partners, LP for the 10 trading days preceding the vest date.

F4: The Phantom Units were awarded to the reporting person by CVR Partners, LP as compensation for services as an officer of its general partner, CVR GP, LLC, on December 9, 2020. These Phantom Units vest ratably in three annual installments beginning in December of each year following the grant date, subject to the terms and conditions of the award agreement.

F5: The Phantom Units expire immediately upon vest.