4//SEC Filing
Archrock Partners, L.P. 4
Accession 0001367064-16-000016
CIK 0001367064operating
Filed
Jan 3, 7:00 PM ET
Accepted
Jan 4, 7:18 PM ET
Size
11.0 KB
Accession
0001367064-16-000016
Insider Transaction Report
Form 4
Bickett Kenneth R
VP and Controller
Transactions
- Exercise/Conversion
Phantom Units with tandem DERs
2015-12-31−246→ 0 total→ Common Units (246 underlying) - Exercise/Conversion
Common Units
2015-12-31+547→ 2,111 total - Tax Payment
Common Units
2015-12-31$12.31/sh−179$2,203→ 1,932 total - Exercise/Conversion
Phantom Units with tandem DERs
2015-12-31−301→ 0 total→ Common Units (301 underlying)
Footnotes (2)
- [F1]Pursuant to the terms of the Severance Benefit Agreement between the Reporting Person and Archrock, Inc., vesting was accelerated for phantom units scheduled to vest within 12 months following the Reporting Person's December 31, 2015 retirement from Archrock, and any remaining phantom units were forfeited. The phantom units were awarded under the Archrock Partners, L.P. Long-Term Incentive Plan. Each phantom unit vested in the form of a common unit. The tandem Distribution Equivalent Rights were paid in cash per the terms of the award agreement. Pursuant to applicable SEC reporting requirements, the settlement of the phantom units in exchange for common units of APLP 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.
Documents
Issuer
Archrock Partners, L.P.
CIK 0001367064
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001367064
Filing Metadata
- Form type
- 4
- Filed
- Jan 3, 7:00 PM ET
- Accepted
- Jan 4, 7:18 PM ET
- Size
- 11.0 KB