Grants of Plan-Based Awards
Following are the grants of plan-based awards during the year ended December 31, 2011 for the General
Partner’s executive officers:
Grant
Date
Estimated Future Payouts under
Non-Equity Incentive Plan Awards (a)
Estimated Future Payouts under
Equity Incentive Plan Awards
Grant Date
Fair Value
of LTIP
Awards ($)
Name
Threshold
($)
Target
($)
Maximum
($)
Threshold
(#)
Target
(#)
Maximum
(#)
Mark A. Borer . . . . . . . . NA $120,000 $240,000 $480,000 — — — $ —
PPUs . . . . . . . . . . . . . .
(b) $ — $ — $ — — 6,220 12,440 $259,996
RPUs . . . . . . . . . . . . . .
(c) $ — $ — $ — 6,220 6,220 6,220 $259,996
Angela A. Minas . . . . . . . NA $ 56,700 $113,400 $226,800 — — — $ —
PPUs . . . . . . . . . . . . . .
(b) $ — $ — $ — — 2,410 4,820 $100,738
RPUs . . . . . . . . . . . . . .
(c) $ — $ — $ — 2,410 2,410 2,410 $100,738
Michael S. Richards . . . . NA $ 45,747 $ 91,494 $182,988 — — — $ —
PPUs . . . . . . . . . . . . . .
(b) $ — $ — $ — — 1,950 3,900 $ 81,510
RPUs . . . . . . . . . . . . . .
(c) $ — $ — $ — 1,950 1,950 1,950 $ 81,510
(a) Amounts shown represent amounts under the STI. If minimum levels of performance are not met, then the
payout for one or more of the components of the STI may be zero.
(b) The number of units shown represents units awarded under the LTIP. If minimum levels of performance
are not met, then the payout may be zero.
(c) The number of units shown represents units awarded under the LTIP and these units vest at the end of the
Vesting Period provided the individual is still employed by the Partnership.
The PPUs awarded on March 1, 2011 will vest in their entirety on December 31, 2013 if the specified
performance conditions are satisfied and the RPUs awarded on March 1, 2011 will vest in their entirety on
December 31, 2013 if the executive is still employed by the Partnership.
Outstanding Equity Awards at Fiscal Year-End
Following are the outstanding equity awards for the General Partner’s executive officers as of
December 31, 2011:
Outstanding LTIP Awards
Name
Equity Incentive
Plan Awards:
Unearned Units
That Have Not
Vested (a)
Equity Incentive
Plan Awards:
Market Value of
Unearned Units
That Have Not
Vested (b)
Mark A. Borer . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
28,200
$2,007,981
Angela A. Minas . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
10,940
$ 778,983
Michael S. Richards . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
8,820
$ 628,028
(a) PPUs awarded 3/1/2011 and 3/8/2010; units vest in their entirety over a range of 0% to 200% on
12/31/2013 and 12/31/2012, respectively, if the specified performance conditions are satisfied. RPUs
awarded 3/1/2011 and 3/8/2010, vest in their entirety on 12/31/2013 and 12/31/2012, respectively. To
determine the market value, the calculation of the number of PPU’s granted on 3/1/2011, that are expected
to vest, is based on assumed performance of 200%, as the previous fiscal year performance has exceeded
target performance; the calculation of the number of PPU’s granted on 3/8/2010, that are expected to vest,
is based on assumed performance of 200%, as the previous fiscal years’ performance has exceeded target
performance.
(b) Value calculated based on the closing price of our common units at December 30, 2011, which was $47.47
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