Sunoco 2012 Annual Report Download - page 96

Distributions paid by the Partnership for the periods presented were as follows:
Cash Distribution Payment Date
Cash
Distribution
per Limited
Partner
Unit
Annualized
Cash
Distribution
per Limited
Partner
Unit
Total Cash
Distribution
to the
Limited
Partners
Total Cash
Distribution
to the
General
Partner
(in millions) (in millions)
Successor
November 14, 2012 ..................... $0.5175 $2.0700 $54 $20
Predecessor
August 14, 2012 ........................ $0.4700 $1.8800 $49 $17
May 15, 2012 .......................... $0.4275 $1.7100 $43 $14
February 14, 2012 ....................... $0.4200 $1.6800 $41 $14
November 14, 2011 ..................... $0.4133 $1.6532 $41 $13
August 12, 2011 ........................ $0.4050 $1.6200 $40 $13
May 13, 2011 .......................... $0.3983 $1.5932 $40 $12
February 14, 2011 ....................... $0.3933 $1.5732 $39 $12
November 12, 2010 ..................... $0.3900 $1.5600 $39 $12
August 13, 2010 ........................ $0.3800 $1.5200 $35 $11
May 14, 2010 .......................... $0.3717 $1.4867 $35 $10
February 12, 2010 ....................... $0.3633 $1.4533 $34 $14
On January 24, 2013, the Partnership declared a cash distribution of $0.5450 per unit ($2.18 per unit
annualized) on its outstanding common units, representing the distribution for the quarter ended December 31,
2012. The $80 million distribution, including $23 million to the general partner, was paid on February 14, 2013
to unitholders of record at the close of business on February 8, 2013.
14. Management Incentive Plan
Sunoco Partners LLC, the general partner of the Partnership, has adopted the Sunoco Partners LLC Long-
Term Incentive Plan (“LTIP”) for employees and directors of the general partner who perform services for the
Partnership. The LTIP is administered by the independent directors of the Compensation Committee of the
general partner’s board of directors with respect to employee awards, and by the general partner’s board of
directors with respect to awards granted to the independent members. The LTIP currently permits the grant of
restricted units and unit options covering an additional 0.9 million common units.
Restricted Units
A restricted unit entitles the grantee to receive a common unit or, at the discretion of the Compensation
Committee, an amount of cash equivalent to the value of a common unit upon the vesting of the unit, which may
include the attainment of predetermined performance targets. The Compensation Committee may make
additional grants under the LTIP to employees and directors containing such terms as the Compensation
Committee shall determine. Common units to be delivered to the grantee upon vesting may be common units
acquired by the general partner in the open market, common units already owned by the general partner, common
units acquired by the general partner directly from the Partnership or any other person, or any combination of the
foregoing. The general partner will be entitled to reimbursement by the Partnership for the cost incurred in
acquiring common units. If the Partnership issues new common units upon vesting of the restricted units, the
total number of common units outstanding will increase.
The Compensation Committee, in its discretion, may grant tandem distribution equivalent rights (“DERs”)
with respect to the restricted units. Subject to applicable vesting criteria, DERs entitle the grantee to receive an
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