4//SEC Filing
EXTERRAN PARTNERS, L.P. 4
Accession 0001140361-11-015102
CIK 0001367064operating
Filed
Mar 7, 7:00 PM ET
Accepted
Mar 8, 4:19 PM ET
Size
15.9 KB
Accession
0001140361-11-015102
Insider Transaction Report
Form 4
DANNER ERNIE L
DirectorPresident and COO
Transactions
- Tax Payment
Common Units
2011-03-04$28.50/sh−2,074$59,109→ 120,668 total - Exercise/Conversion
Phantom Units with tandem DERs
2011-03-04−1,457→ 2,914 total→ Common Units (1,457 underlying) - Exercise/Conversion
Phantom Units with tandem DERs
2011-03-04−3,351→ 6,701 total→ Common Units (3,351 underlying) - Exercise/Conversion
Common Units
2011-03-04+7,669→ 122,742 total - Exercise/Conversion
Phantom Units with tandem DERs
2011-03-04−2,861→ 2,861 total→ Common Units (2,861 underlying) - Award
Phantom Units with tandem DERs
2011-03-04+8,070→ 8,070 total→ Common Units (8,070 underlying)
Footnotes (3)
- [F1]This transaction represents the vesting of one-third of the phantom units with tandem Distribution Equivalent Rights (DERs) granted to the reporting person under the Exterran Partners, L.P. Long-Term Incentive Plan (EXLP LTIP). Each phantom unit vested in the form of a common unit. The vested DERs were paid in cash pursuant to the award agreement. Pursuant to applicable SEC reporting requirements, the settlement of the phantom units in exchange for common units of EXLP is reported on this Form 4 as a disposition of the phantom units being settled and a simultaneous acquisition of the underlying common units.
- [F2]The issuer withheld the maximum allowable units to satisfy the tax withholding obligations associated with the vesting of phantom units.
- [F3]This award represents a grant of phantom units with tandem Distribution Equivalent Rights (DERs) under the Exterran Partners, L.P. Long-Term Incentive Plan (EXLP LTIP) which vests over a three-year period at the rate of one-third per year beginning on the first anniversary of the date of grant and on each successive anniversary of the initial date of grant. The award is payable in cash or common units at the discretion of the Company and vested DERs are payable in cash. Each phantom unit is the economic equivalent of an EXLP common unit. Vesting is subject to acceleration due to a qualifying change of control. Any unvested portion of this award will be forfeited upon termination of service or employment, unless the termination is due to death or disability.
Documents
Issuer
EXTERRAN PARTNERS, L.P.
CIK 0001367064
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001367064
Filing Metadata
- Form type
- 4
- Filed
- Mar 7, 7:00 PM ET
- Accepted
- Mar 8, 4:19 PM ET
- Size
- 15.9 KB