4//SEC Filing
Stratton Marc David 4
Accession 0001209191-22-017123
CIK 0001549922other
Filed
Mar 7, 7:00 PM ET
Accepted
Mar 8, 4:48 PM ET
Size
23.2 KB
Accession
0001209191-22-017123
Insider Transaction Report
Form 4
Stratton Marc David
See remarks below.
Transactions
- Tax Payment
Common Units
2022-03-04$15.58/sh−7,639$119,016→ 37,622 total - Exercise/Conversion
Phantom Units
2022-03-04−1,306→ 0 total→ Common Units (1,306 underlying) - Tax Payment
Common Units
2022-03-04$15.58/sh−394$6,139→ 46,265 total - Exercise/Conversion
Phantom Units
2022-03-04−16,937→ 0 total→ Common Units (16,937 underlying) - Exercise/Conversion
Common Units
2022-03-04+46,659→ 46,659 total - Tax Payment
Common Units
2022-03-04$15.58/sh−1,004$15,642→ 45,261 total - Tax Payment
Common Units
2022-03-04$15.58/sh−11,313$176,257→ 26,309 total - Exercise/Conversion
Phantom Units
2022-03-04−3,333→ 0 total→ Common Units (3,333 underlying) - Exercise/Conversion
Phantom Units
2022-03-04−25,083→ 0 total→ Common Units (25,083 underlying)
Footnotes (9)
- [F1]Each phantom unit is the economic equivalent of one common unit.
- [F2]On November 9, 2020, the Issuer effected a 1-for-15 reverse unit split (the "Reverse Unit Split"). Pursuant to the Reverse Unit Split, common unitholders received one common unit for every 15 common units owned at the close of business on November 9, 2020. All fractional units created by the Reverse Unit Split were rounded to the nearest whole unit. The common units began trading on a split-adjusted basis on November 10, 2020. After giving effect to the Reverse Unit Split, the number of issued and outstanding common units decreased to 3,774,992.
- [F3]Common Units being withheld to pay tax liability.
- [F4]The phantom units awarded on March 15, 2019 vested on March 4, 2022 according to the the Separation and General Release Agreement effective as of February 4, 2022. 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.
- [F5]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.
- [F6]Total excludes phantom units from other tranches with different vesting and expiration dates.
- [F7]The phantom units awarded on November 15, 2019 vested on March 4, 2022 according to the the Separation and General Release Agreement effective as of February 4, 2022. 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.
- [F8]The phantom units awarded on March 23, 2020 with a Reference Date of March 15, 2020 vested on March 4, 2022 according to the the Separation and General Release Agreement effective as of February 4, 2022. 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.
- [F9]The phantom units awarded on February 17, 2021 with a Reference Date of March 15, 2021 vested on March 4, 2022 according to the the Separation and General Release Agreement effective as of February 4, 2022. 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 7, 7:00 PM ET
- Accepted
- Mar 8, 4:48 PM ET
- Size
- 23.2 KB