Form 4 for USAC USA Compression Partners, LP
Accepted 2022-12-20 00:00:00 ET · period of report 2022-12-16 · accession 0001265643-22-000006 · 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 | 2022-12-20 | 2022-12-16 | USAC | LONG ERIC D | See Remarks, Dir | M - OptEx | — | +125.3K | 586.7K | +27% | — |
| DM | 2022-12-20 | 2022-12-16 | USAC | LONG ERIC D | See Remarks, Dir | D - Sale to Iss | $18.37 | -62.6K | 536.6K | -10% | -$1.15M |
| DM | 2022-12-20 | 2022-12-16 | USAC | LONG ERIC D | See Remarks, Dir | M - OptEx | — | -125.3K | 16.7K | -88% | — |
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 | 2022-12-16 | M | A | 25,059 | — | 499,038 | D | — | — | (F2) The Reporting Person settled approximately 50% of his newly vested phantom units for cash and the rest for common units. (F1) Each phantom unit is the economic equivalent of one common unit of USA Compression Partners, LP (the "Issuer"). (F3) Includes common units acquired under USA Compression Partners, LP Distribution Reinvestment Plan. |
| 2 | Common | Common Units | 2022-12-16 | D | D | 12,530 | $18.37 | 486,508 | D | — | — | (F3) Includes common units acquired under USA Compression Partners, LP Distribution Reinvestment Plan. |
| 3 | Common | Common Units | 2022-12-16 | M | A | 100,234 | — | 586,742 | D | — | — | (F2) The Reporting Person settled approximately 50% of his newly vested phantom units for cash and the rest for common units. (F1) Each phantom unit is the economic equivalent of one common unit of USA Compression Partners, LP (the "Issuer"). (F3) Includes common units acquired under USA Compression Partners, LP Distribution Reinvestment Plan. |
| 4 | Common | Common Units | 2022-12-16 | D | D | 50,117 | $18.37 | 536,625 | D | — | — | (F3) Includes common units acquired under USA Compression Partners, LP Distribution Reinvestment Plan. |
| 5 | Derivative | Phantom Units | 2022-12-16 | M | D | 100,234 | — | 66,822 | D | — · — to — | 100,234 Common Units | (F8) These phantom units were awarded on December 5, 2019. (F2) The Reporting Person settled approximately 50% of his newly vested phantom units for cash and the rest for common units. (F1) Each phantom unit is the economic equivalent of one common unit of USA Compression Partners, LP (the "Issuer"). (F6) The phantom units vest incrementally, with 60% of the phantom units vesting on December 5, 2022 and 40% of the phantom units vesting on December 5, 2024. (F9) 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, 60% of his then-unvested phantom units will be forfeited at the time of retirement. |
| 6 | Derivative | Phantom Units | 2022-12-16 | M | D | 25,059 | — | 16,705 | D | — · — to — | 25,059 Common Units | (F5) These phantom units were awarded on December 5, 2019 pursuant to a Retention Phantom Unit Agreement. (F2) The Reporting Person settled approximately 50% of his newly vested phantom units for cash and the rest for common units. (F1) Each phantom unit is the economic equivalent of one common unit of USA Compression Partners, LP (the "Issuer"). (F6) The phantom units vest incrementally, with 60% of the phantom units vesting on December 5, 2022 and 40% of the phantom units vesting on December 5, 2024. (F7) In the event of the cessation of the Reporting Person's service by the General Partner for cause or by the Reporting Person without good reason, all unvested phantom units at the time of such cessation will automatically be forfeited. Notwithstanding the foregoing, if the Reporting Person retires after attaining the age of 65, 60% of his then-unvested phantom units will be forfeited at the time of retirement. |