Sunoco 2014 Annual Report Download - page 146

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144
ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND
RELATED SECURITYHOLDER MATTERS
Securities Authorized for Issuance Under Equity Compensation Plans
The following table provides information, as of December 31, 2014, regarding our common units that may be issued upon
conversion (assuming a one-for-one conversion) of outstanding restricted units granted under the general partner's LTIP to
executive officers, directors, and other key employees. For more information about the LTIP (which did not require approval by
our limited partners at the time of its adoption in 2002), refer to "Item 11-Executive Compensation."
In this Item 12, all amounts of our units reflect the second quarter 2014 two-for-one split of our units. See Note 12 to our
consolidated financial statements for fiscal 2014 for additional detail regarding the unit split.
EQUITY COMPENSATION PLAN INFORMATION (1)
Plan Category
(a)
Number of securities to
be issued upon exercise
of outstanding options,
warrants and rights
(b)
Weighted average
exercise price of
outstanding options,
warrants and rights
(c)
Number of securities remaining
available for future issuance
under equity compensation
plans, excluding securities
reflected in column (a)
Equity compensation plans approved by
security holders — — —
Equity compensation plans not
approved by security holders (2) 1,960,529 — 687,289
Total 1,960,529 — 687,289
NOTES TO TABLE:
(1) The amounts in column (a) of this table reflect only restricted units that have been granted under the LTIP since its inception. No
unit options have been granted under the LTIP. Each restricted unit shown in the table represents a right to receive (upon vesting
and payout) a specified number of our common units. Vesting and payout may be conditioned upon achievement of pre-determined
financial or other performance objectives for, or attainment of certain length of service goals with us and our affiliates. No value is
shown in column (b) of the table, since the restricted units do not have an exercise, or "strike," price. For illustrative purposes, a
target payout (i.e., a 100 percent ratio) has been assumed for vesting and payout of grants conditioned only upon service.
(2) The LTIP was not approved by our unitholders because the Board adopted the LTIP prior to our initial public offering.