PennTex Midstream Partners, LP 4
4 · PennTex Midstream Partners, LP · Filed Nov 2, 2016
Insider Transaction Report
Form 4
Lawler David C
DirectorOther
Transactions
- Exercise/Conversion
COMMON UNITS
2016-11-01+9,074→ 14,074 total - Exercise/Conversion
PHANTOM UNITS (RIGHTS TO COMMON UNITS)
2016-11-01−9,074→ 0 total→ COMMON UNITS (LIMITED PARTNER INTERESTS) (9,074 underlying)
Footnotes (3)
- [F1]Represents the issuance of common units in respect of phantom units that vested upon the change in control of the Issuer on November 1, 2016 in connection with the closing of the transaction contemplated by this certain Contribution Agreement dated October 24, 2016 (the "Contribution Agreement") by and among PennTex Midstream Partners, LLC, Energy Transfer Partners, L.P. and the other contributors party thereto.
- [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 all outstanding phantom units granted to the reporting person under the PennTex Midstream Partners, LP 2015 Long-Term Incentive Plan.