DESCRIPTION OF NUSTAR ENERGY COMMON UNITS
The common units represent limited partner interests that entitle the holders to participate in NuStar Energys cash distributions and to exercise the rights and privileges available to limited partners under the partnership agreement. For a description of the rights and privileges of common unitholders in and to NuStar Energy distributions, please read Cash Distributions. For a description of the rights and privileges of limited partners under the partnership agreement, including voting rights, please read The Partnership Agreement.
Each holder of common units is entitled to one vote for each unit on all matters submitted to a vote of the common unitholders, subject to any limitations contained in NuStar Energys partnership agreement.
Our outstanding common units are listed on the New York Stock Exchange (NYSE) under the ticker symbol NS. Any additional common units we issue will also be listed on the NYSE.
Transfer of Common Units
Any transfers of common units will not be recognized by NuStar Energy unless the transferee executes and delivers a transfer application. If this action is not taken, a purchaser will not be registered as a record holder of common units on the books of NuStar Energys transfer agent or issued a common unit certificate or other evidence of the issuance of uncertificated common units. Purchasers may hold common units in nominee accounts.
Transfer Agent and Registrar
Our transfer agent and registrar for the common units is Computershare Trust Company, N.A.