4//SEC Filing
Stratton Marc David 4
Accession 0001209191-21-021280
CIK 0001549922other
Filed
Mar 16, 8:00 PM ET
Accepted
Mar 17, 2:46 PM ET
Size
18.3 KB
Accession
0001209191-21-021280
Insider Transaction Report
Form 4
Stratton Marc David
See remarks below.
Transactions
- Tax Payment
Common Units
2021-03-15$29.00/sh−99$2,871→ 10,005 total - Exercise/Conversion
Phantom Units
2021-03-15−8,469→ 16,937 total→ Common Units (8,469 underlying) - Tax Payment
Common Units
2021-03-15$29.00/sh−394$11,426→ 9,611 total - Exercise/Conversion
Common Units
2021-03-15+10,104→ 10,104 total - Exercise/Conversion
Phantom Units
2021-03-15−1,307→ 1,306 total→ Common Units (1,307 underlying) - Exercise/Conversion
Phantom Units
2021-03-15−328→ 0 total→ Common Units (328 underlying) - Tax Payment
Common Units
2021-03-15$29.00/sh−2,550$73,950→ 7,061 total
Footnotes (7)
- [F1]Each phantom unit is the economic equivalent of one common unit.
- [F2]Common Units being withheld to pay tax liability.
- [F3]The final one-third of the phantom units subject to the original award agreement vested on March 15, 2021, on the third anniversary of the March 15, 2018 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.
- [F4]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.
- [F5]Total excludes phantom units from other tranches with different vesting and expiration dates.
- [F6]One-third of the phantom units subject to the original award agreement vested on March 15, 2021, with the final one-third of the phantom units subject to vesting on the third anniversary 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.
- [F7]One-third of the phantom units subject to the original award agreement vested on March 15, 2021, with the remaining phantom units subject to vesting on the second and third anniversaries of the March 15, 2020 reference 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, 2:46 PM ET
- Size
- 18.3 KB