4//SEC Filing
Sanchez Production Partners LP 4
Accession 0000905148-17-000121
CIK 0001362705operating
Filed
Jan 26, 7:00 PM ET
Accepted
Jan 27, 5:08 PM ET
Size
43.2 KB
Accession
0000905148-17-000121
Insider Transaction Report
Form 4
Stonepeak GP Investors LLC
10% Owner
Transactions
- Other
Class B Preferred Units
2017-01-25+1,704,446→ 31,000,887 total→ Common Units (1,704,446 underlying)
Stonepeak GP Investors Manager LLC
10% Owner
Transactions
- Other
Class B Preferred Units
2017-01-25+1,704,446→ 31,000,887 total→ Common Units (1,704,446 underlying)
Vichie Trent D
10% Owner
Transactions
- Other
Class B Preferred Units
2017-01-25+1,704,446→ 31,000,887 total→ Common Units (1,704,446 underlying)
Stonepeak Catarina Holdings LLC
10% Owner
Transactions
- Other
Class B Preferred Units
2017-01-25+1,704,446→ 31,000,887 total→ Common Units (1,704,446 underlying)
Transactions
- Other
Class B Preferred Units
2017-01-25+1,704,446→ 31,000,887 total→ Common Units (1,704,446 underlying)
Stonepeak Associates LLC
10% Owner
Transactions
- Other
Class B Preferred Units
2017-01-25+1,704,446→ 31,000,887 total→ Common Units (1,704,446 underlying)
Dorrell Michael B.
10% Owner
Transactions
- Other
Class B Preferred Units
2017-01-25+1,704,446→ 31,000,887 total→ Common Units (1,704,446 underlying)
Transactions
- Other
Class B Preferred Units
2017-01-25+1,704,446→ 31,000,887 total→ Common Units (1,704,446 underlying)
Stonepeak GP Holdings LP
10% Owner
Transactions
- Other
Class B Preferred Units
2017-01-25+1,704,446→ 31,000,887 total→ Common Units (1,704,446 underlying)
Footnotes (5)
- [F1]These Class B Preferred Units (the "Preferred Units") were issued as partial consideration for the Settlement Agreement entered into by and between Stonepeak Catarina Holdings LLC and the Issuer, effective January 25, 2017, as described in the current report on Form 8-K filed by the Issuer on January 27, 2017, and pursuant to which it was agreed that the "Class B Preferred Purchase Price" (as defined in the Second Amended and Restated Agreement of Limited Partnership of the Issuer) for the Preferred Units would be $11.29.
- [F2]The Preferred Units are convertible into Common Units at any time, at the holder's election, and have no expiration date. Each Preferred Unit is currently convertible into one Common Unit.
- [F3]On December 6, 2016, pursuant to Section 5.10(g) of the Second Amended and Restated Agreement of Limited Partnership of the Partnership (the "Partnership Agreement"), the Issuer effected a split of the Preferred Units, resulting in Stonepeak Catarina Holdings LLC holding an additional 9,851,996 Preferred Units.
- [F4]These Preferred Units are owned directly by Stonepeak Catarina Holdings LLC, and indirectly by Stonepeak Catarina Upper Holdings LLC, Stonepeak Infrastructure Fund (Orion AIV) LP, Stonepeak Associates LLC, Stonepeak GP Holdings LP, Stonepeak GP Investors LLC, Stonepeak GP Investors Manager LLC, Michael Dorrell and Trent Vichie. Stonepeak Catarina Upper Holdings LLC is the managing member of Stonepeak Catarina Holdings LLC. Stonepeak Infrastructure Fund (Orion AIV) LP is the managing member of Stonepeak Catarina Upper Holdings LLC. Stonepeak Associates LLC is the general partner of Stonepeak Infrastructure Fund (Orion AIV) LP. Stonepeak GP Holdings LP is the sole member of Stonepeak Associates LLC. Stonepeak GP Investors LLC is the general partner of Stonepeak GP Holdings LP. Stonepeak GP Investors Manager LLC is the managing member of Stonepeak GP Investors LLC. Each of Michael Dorrell and Trent Vichie serve as a managing member of Stonepeak GP Investors Manager LLC.
- [F5]Each Reporting Person disclaims beneficial ownership of the Preferred Units except to the extent of his or its pecuniary interest therein, and this report shall not be deemed an admission that such Reporting Person is the beneficial owner of the Preferred Units for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
Documents
Issuer
Sanchez Production Partners LP
CIK 0001362705
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001362705
Filing Metadata
- Form type
- 4
- Filed
- Jan 26, 7:00 PM ET
- Accepted
- Jan 27, 5:08 PM ET
- Size
- 43.2 KB