Some additional info was provided as follows:
Each share of Phantom Stock is the economic equivalent of one Class B Common Share of Issuer.
The Reporting Person acquired the Phantom Stock by electing to defer compensation into Phantom Stock under the Issuer's Deferred Compensation Plan. Pursuant to such election, the Phantom Stock will be settled in cash upon the Reporting Person's termination of employment with the Issuer.
The above informatio n was disclosed in a filing to the SEC. To see this filing in its entirety, click here.
To receive a free e-mail notification whenever DCP Midstream Partners makes a similar move, sign up!