4//SEC Filing
Summit Midstream Partners, LP 4
Accession 0001558304-17-000027
CIK 0001549922operating
Filed
Mar 16, 8:00 PM ET
Accepted
Mar 17, 1:01 PM ET
Size
22.7 KB
Accession
0001558304-17-000027
Insider Transaction Report
Form 4
Harrison Matthew S.
See Remarks
Transactions
- Disposition to Issuer
Distribution Equivalent Rights
2017-03-15−4,925→ 0 totalExercise: $6.71→ Common Units (4,925 underlying) - Disposition to Issuer
Distribution Equivalent Rights
2017-03-15−6,188→ 0 totalExercise: $4.58→ Common Units (6,188 underlying) - Disposition to Issuer
Distribution Equivalent Rights
2017-03-15−14,620→ 0 totalExercise: $2.30→ Common Units (14,620 underlying) - Exercise/Conversion
Common Units
2017-03-15+25,733→ 41,901 total - Exercise/Conversion
Phantom Units
2017-03-15−4,925→ 0 total→ Common Units (4,925 underlying) - Exercise/Conversion
Phantom Units
2017-03-15−6,188→ 6,187 total→ Common Units (6,188 underlying) - Exercise/Conversion
Phantom Units
2017-03-15−14,620→ 29,239 total→ Common Units (14,620 underlying) - Award
Phantom Units
2017-03-15+31,111→ 31,111 total→ Common Units (31,111 underlying) - Tax Payment
Common Units
2017-03-15$22.50/sh−5,769$129,803→ 36,132 total
Footnotes (6)
- [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, 2017, on the third anniversary of the March 15, 2014 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, 2017, with the final one-third of the phantom units subject to vesting on the third anniversary of the March 15, 2015 grant date, subject to continued employment. 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]One-third of the phantom units subject to the original award agreement vested on March 15, 2017, with the remaining phantom units subject to vesting on the second and third anniversaries of the March 15, 2016 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.
- [F6]One-third of the phantom units (rounded down to the nearest whole number of units, except in the case of the final vesting date) shall vest on each of the first, second and third anniversaries of the Grant Date (March 15, 2017), subject to continued employment and accelerated vesting as provided in the applicable award agreement. The Reporting Person will receive distribution equivalent rights 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 typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001549922
Filing Metadata
- Form type
- 4
- Filed
- Mar 16, 8:00 PM ET
- Accepted
- Mar 17, 1:01 PM ET
- Size
- 22.7 KB