4//SEC Filing
Stratton Marc David 4
Accession 0001209191-20-019756
CIK 0001549922other
Filed
Mar 16, 8:00 PM ET
Accepted
Mar 17, 6:19 PM ET
Size
19.8 KB
Accession
0001209191-20-019756
Insider Transaction Report
Form 4
Stratton Marc David
See remarks below.
Transactions
- Disposition to Issuer
Distribution Equivalent Rights
2020-03-15−19,598→ 0 totalExercise: $0.99→ Common Units (19,598 underlying) - Exercise/Conversion
Common Units
2020-03-15+27,627→ 60,174 total - Exercise/Conversion
Phantom Units
2020-03-15−3,111→ 0 total→ Common Units (3,111 underlying) - Disposition to Issuer
Distribution Equivalent Rights
2020-03-15−3,111→ 0 totalExercise: $5.59→ Common Units (3,111 underlying) - Disposition to Issuer
Distribution Equivalent Rights
2020-03-15−4,918→ 0 totalExercise: $3.29→ Common Units (4,918 underlying) - Exercise/Conversion
Phantom Units
2020-03-15−4,918→ 4,918 total→ Common Units (4,918 underlying) - Exercise/Conversion
Phantom Units
2020-03-15−19,598→ 39,195 total→ Common Units (19,598 underlying)
Footnotes (5)
- [F1]Each phantom unit is the economic equivalent of one common unit.
- [F2]The final one-third of the phantom units subject to the original award agreement vested on March 15, 2020, on the third anniversary of the March 15, 2017 grant date. The Reporting Person received distribution equivalent rights (DERs) for each phantom unit, providing for payment on the vesting date of a lump sum of cash equal to the accrued distributions from and after the grant date of the phantom units.
- [F3]The phantom units and associated DERs do not expire. The phantom units are settled upon vesting in common units (on a one-for-one basis) or in cash, at the discretion of the Issuer.
- [F4]One-third of the phantom units subject to the original award agreement vested on March 15, 2020, with the final one-third of the phantom units subject to vesting on the third anniversary of the March 15, 2018 grant date, subject to continued employment. The Reporting Person received DERs for each phantom unit, providing for payment on the vesting date of a lump sum of cash equal to the accrued distributions from and after the grant date of the phantom units.
- [F5]One-third of the phantom units subject to the original award agreement vested on March 15, 2020, with the remaining phantom units subject to vesting on the second and third anniversaries of the March 15, 2019 grant date, subject to continued employment. The Reporting Person received DERs for each phantom unit, providing for payment on the vesting date of a lump sum of cash equal to the accrued distributions from and after the grant date of the phantom units.
Documents
Issuer
Summit Midstream Partners, LP
CIK 0001549922
Entity typeother
Related Parties
1- filerCIK 0001761288
Filing Metadata
- Form type
- 4
- Filed
- Mar 16, 8:00 PM ET
- Accepted
- Mar 17, 6:19 PM ET
- Size
- 19.8 KB