4//SEC Filing
Archrock Partners, L.P. 4
Accession 0001367064-16-000033
CIK 0001367064operating
Filed
Mar 7, 7:00 PM ET
Accepted
Mar 8, 9:10 AM ET
Size
15.5 KB
Accession
0001367064-16-000033
Insider Transaction Report
Form 4
Miller David S
DirectorChief Financial Officer
Transactions
- Exercise/Conversion
Common Units
2016-03-04+4,380→ 18,764 total - Award
Phantom Units with tandem DERs
2016-03-04+1,403→ 0 totalExercise: $0.00→ Common Units (1,403 underlying) - Exercise/Conversion
Phantom Units with tandem DERs
2016-03-04+1,475→ 2,948 totalExercise: $0.00→ Common Units (1,475 underlying) - Tax Payment
Common Units
2016-03-04$7.84/sh−1,432$11,227→ 17,332 total - Exercise/Conversion
Phantom Units with tandem DERs
2016-03-04+1,502→ 1,503 totalExercise: $0.00→ Common Units (1,502 underlying) - Award
Phantom Units with tandem DERs
2016-03-04+15,944→ 15,944 totalExercise: $0.00→ Common Units (15,944 underlying)
Footnotes (3)
- [F1]This transaction represents the vesting of one-third of the phantom units granted to the reporting person under the Archrock Partners, L.P. Long-Term Incentive Plan. Each phantom unit vested in the form of a common unit. Pursuant to applicable SEC reporting requirements, the settlement of the phantom units in exchange for common units 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]This awards represents a grant of phantom units with tandem Distribution Equivalent Rights (DERs) under the Archrock Partners, L.P. Long-Term Incentive Plan, which vests ratably over a three-year period of employment. The award is payable in cash or common units at the discretion of the Company and DERs are payable as and when they are paid to common unit holders. Each phantom unit is the economic equivalent of an APLP 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 otherwise be forfeited upon termination of service or employment, unless the termination is due to death or disability.
Documents
Issuer
Archrock Partners, L.P.
CIK 0001367064
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001367064
Filing Metadata
- Form type
- 4
- Filed
- Mar 7, 7:00 PM ET
- Accepted
- Mar 8, 9:10 AM ET
- Size
- 15.5 KB