The inscription commemorates the buying of the tomb at the cemetery of St Pancratius on the Via Aurelia, and it mentions probably all the presbyters, and some other ecclesiastics, currently active in the titular church (parish) of St Crisogonus in Trastevere.
Apparently, the titulus of Crisogonus was responsible for the administration of the basilica and cemetery of St Pancratius.
The presbyter Peter may be identical with one of the presbyter Peters of the title of Crisogonus present at the Council of Rome of AD 499 .
The office of the "prior" (praepositus) of the basilica is confirmed only in the epigraphic sources between AD 492 and 561/562 (Guyon 1974: 580–587). It is not clear, whether they held some ecclesiastical grade. It results from the text that Philip rather was not a presbyter, but it is not totally definite.