4//SEC Filing
Sanchez Patricio D. 4
Accession 0001638306-19-000004
CIK 0001362705other
Filed
Aug 5, 8:00 PM ET
Accepted
Aug 6, 5:41 PM ET
Size
9.1 KB
Accession
0001638306-19-000004
Insider Transaction Report
Form 4
Sanchez Patricio D.
DirectorChief Operating Officer
Transactions
- Award
Common Units
2019-08-02$2.17/sh+901,741$1,956,778→ 901,741 total(indirect: By LLC) - Other
Common Units
2019-08-02−901,741→ 0 total(indirect: By LLC)
Holdings
- 1,291,574
Common Units
Footnotes (3)
- [F1]Represents a distribution to SP Holdings, LLC ("SP Holdings") of 901,741 Issuer common units pursuant to the Amended and Restated Shared Services Agreement, dated March 6, 2015, by and between Issuer and SP Holdings (the "Shared Services Agreement"), and a concurrent distribution by SP Holdings of all 901,741 Issuer common units to its sole member, SP Capital Holdings, LLC ("SP Capital"), for no consideration.
- [F2]Concurrently with such aforementioned distributions, SP Capital distributed (i) 834,111 common units to its members on a pro rata basis and for no consideration (including the 216,869 common units distributed to Reporting Person) and (ii) the remaining 67,630 common units to one individual, cumulatively resulting in exempt distributions under Rule 16a-9 and/or Rule 16a-13 of 901,741 Issuer common units to SP Capital, 834,111 common units to the members of SP Capital (including Reporting Person) and 67,630 common units to one individual.
- [F3]These Issuer common units were owned directly by SP Holdings. SP Holdings is owned and controlled by its sole member, SP Capital. SP Capital is managed by Reporting Person and other members of the Sanchez family. Reporting Person may be deemed to share voting and dispositive power over the securities controlled by SP Capital. Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership by Reporting Person of the reported securities for purposes of Section 16 or any other purpose.
Documents
Issuer
Sanchez Midstream Partners LP
CIK 0001362705
Entity typeother
Related Parties
1- filerCIK 0001638306
Filing Metadata
- Form type
- 4
- Filed
- Aug 5, 8:00 PM ET
- Accepted
- Aug 6, 5:41 PM ET
- Size
- 9.1 KB