4//SEC Filing
EXTERRAN PARTNERS, L.P. 4
Accession 0001140361-14-011552
CIK 0001367064operating
Filed
Mar 5, 7:00 PM ET
Accepted
Mar 6, 8:46 PM ET
Size
18.9 KB
Accession
0001140361-14-011552
Insider Transaction Report
Form 4
Bickett Kenneth R
VP and Controller
Transactions
- Sale
Common Units
2014-03-06$30.27/sh−23$696→ 963 total - Exercise/Conversion
Common Units
2014-03-04+817→ 1,310 total - Tax Payment
Common Units
2014-03-04$30.50/sh−224$6,832→ 1,086 total - Sale
Common Stock
2014-03-06$30.28/sh−100$3,028→ 986 total - Award
Phantom Units with tandem DERs
2014-03-04+738→ 738 total→ Common Units (738 underlying) - Exercise/Conversion
Phantom Units with tandem DERs
2014-03-04−234→ 0 total→ Common Units (234 underlying) - Exercise/Conversion
Phantom Units with tandem DERs
2014-03-04−281→ 281 total→ Common Units (281 underlying) - Exercise/Conversion
Phantom Units with tandem DERs
2014-03-04−302→ 603 total→ Common Units (302 underlying)
Footnotes (4)
- [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]Issuer withheld the maximum allowable units to satisfy the tax withholding obligations associated with the vesting of phantom units.
- [F3]These transactions were executed in accordance with a Rule 10b5-1 trading plan adopted by the reporting person on June 13, 2013.
- [F4]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. The award is payable in cash or common units at the discretion of the Company and DERs are payable in cash as they are paid to common unitholders. Each phantom unit is the economic equivalent of an EXLP common unit. Vesting is subject to acceleration due to a qualifying change of control and termination without Cause by the Company or for Good Reason by the reporting person. 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 5, 7:00 PM ET
- Accepted
- Mar 6, 8:46 PM ET
- Size
- 18.9 KB