Serjeant Owen 4
4 · CSI Compressco LP · Filed Feb 25, 2019
Insider Transaction Report
Form 4
Serjeant Owen
President
Transactions
- Tax Payment
Common Units Representing Limited Partner Interests
2019-02-24$2.65/sh−7,082$18,732→ 279,607 total - Award
Common Units Representing Limited Partner Interests
2019-02-21+113,559→ 278,727 total - Award
Common Units Representing Limited Partner Interests
2019-02-24+7,962→ 286,689 total
Footnotes (3)
- [F1]This phantom unit award was granted pursuant to the CSI Compressco LP Second Amended and Restated 2011 Long Term Incentive Plan. One-third of the award will vest on each of February 21, 2020, February 21, 2021 and February 21, 2022.
- [F2]Represents dividend equivalent rights accrued on the reporting person's phantom units granted on February 24, 2018 pursuant to the CSI Compressco LP Second Amended and Restated 2011 Long Term Incentive Plan and that were settled proportionately with the award to which they relate. Each dividend equivalent right is the economic equivalent of one Common Unit representing limited partner interests in CSI Compressco LP and may be settled only in Common Units representing limited partner interests in CSI Compressco LP.
- [F3]Reflects units surrendered to the Issuer to satisfy tax withholding obligations upon the vesting of phantom units granted on February 24, 2018 and the dividend equivalent rights accrued on such awards.