PennTex Midstream Partners, LP 4
4 · PennTex Midstream Partners, LP · Filed Jun 14, 2016
Insider Transaction Report
Form 4
Bernatova Andrea
SEE REMARKS
Transactions
- Exercise/Conversion
PHANTOM UNITS (RIGHTS TO COMMON UNITS)
2016-06-10−11,667→ 23,333 total→ COMMON UNITS (LIMITED PARTNER INTERESTS) (11,667 underlying) - Award
PHANTOM UNITS (RIGHTS TO COMMON UNITS)
2016-06-10+17,695→ 17,695 total→ COMMON UNITS (LIMITED PARTNER INTERESTS) (17,695 underlying) - Exercise/Conversion
COMMON UNITS
2016-06-10+8,475→ 8,475 total
Footnotes (6)
- [F1]Represents the issuance of common units, net of taxes paid, in respect of phantom units that vested on June 10, 2016.
- [F2]The phantom units expire upon settlement. Upon vesting, the phantom units are settled in common units (on a one-for-one basis) or, at the discretion of the Issuer, in cash.
- [F3]Represents the settlement of phantom units granted on June 10, 2015, subject to a Phantom Unit Agreement, under the PennTex Midstream Partners, LP 2015 Long-Term Incentive Plan (the "2015 LTIP").
- [F4]The phantom units granted on June 10, 2015 vest in the following intervals: (i) 11,667 phantom units on June 10, 2016, (ii) 11,667 phantom units on June 10, 2017 and (iii) 11,666 phantom units on June 10, 2018.
- [F5]Represents phantom units granted on June 10, 2016, subject to a Phantom Unit Agreement, under the 2015 LTIP.
- [F6]The phantom units vest in the following intervals: (i) 5,898 phantom units on June 10, 2017, (ii) 5,898 phantom units on June 10, 2018, and (iii) 5,899 phantom units on June 10, 2019.