Form 4 for USAC USA Compression Partners, LP
Accepted 2022-12-06 00:00:00 ET · period of report 2022-12-02 · accession 0001265643-22-000002 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2022-12-06 | 2022-12-02+ | USAC | LONG ERIC D | See Remarks, Dir | S - Sale | $18.45 | -20.4K | 515.0K | -4% | -$376.5K |
| D | 2022-12-06 | 2022-12-05 | USAC | LONG ERIC D | See Remarks, Dir | A - Grant | — | +193.6K | 193.6K | New | — |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Units | 2022-12-02 | S | D | 3,117 | $18.82 | 532,316 | D | — | — | (F1) Represents the weighted average unit price of an aggregate total of 3,117 common units sold in the price range of $18.75 to $18.94 by the Reporting Person. The Reporting Person undertakes to provide upon request by the Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer, full information regarding the number of common units sold at each separate price. (F2) The common units were sold by the Reporting Person for tax planning purposes. (F3) Includes common units acquired under USA Compression Partners, LP (the "Issuer") Distribution Reinvestment Plan. |
| 2 | Common | Common Units | 2022-12-05 | S | D | 17,291 | $18.38 | 515,025 | D | — | — | (F2) The common units were sold by the Reporting Person for tax planning purposes. (F4) Represents the weighted average unit price of an aggregate total of 17,291 common units sold in the price range of $18.25 to $18.59 by the Reporting Person. The Reporting Person undertakes to provide upon request by the Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer, full information regarding the number of common units sold at each separate price. (F3) Includes common units acquired under USA Compression Partners, LP (the "Issuer") Distribution Reinvestment Plan. |
| 3 | Derivative | Phantom Units | 2022-12-05 | A | A | 193,611 | — | 193,611 | D | — · — to — | 193,611 Common Units | (F6) Each phantom unit is the economic equivalent of one common unit of the Issuer. (F7) The phantom units vest incrementally, with 60% of the phantom units vesting on December 5, 2025 and 40% of the phantom units vesting on December 5, 2027. (F8) In the event of the cessation of the Reporting Person's service for any reason, all phantom units that have not vested prior to or in connection with such cessation of service shall automatically be forfeited. Notwithstanding the foregoing, if the Reporting Person retires after attaining the age of 65-68, 60% of his then-unvested phantom units will be forfeited at the time of retirement. If the Reporting Person retires and is over age 68, 50% of his then-unvested phantom units will be forfeited at the time of retirement. |