Form 4 for USAC USA Compression Partners, LP
Accepted 2023-12-19 00:00:00 ET · period of report 2023-12-15 · accession 0001265643-23-000004 · 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 | 2023-12-19 | 2023-12-15 | USAC | LONG ERIC D | See Remarks, Dir | D - Sale to Iss | $23.44 | -117.4K | 421.8K | -22% | -$2.75M |
| DM | 2023-12-19 | 2023-12-15 | USAC | LONG ERIC D | See Remarks, Dir | M - OptEx | — | +234.9K | 457.2K | +106% | — |
| DM | 2023-12-19 | 2023-12-15 | USAC | LONG ERIC D | See Remarks, Dir | M - OptEx | — | -234.9K | 0 | -100% | — |
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 | 2023-12-15 | D | D | 64,056 | $23.44 | 503,885 | D | — | — | |
| 2 | Common | Common Units | 2023-12-15 | M | A | 128,112 | — | 567,941 | D | — | — | (F1) Each phantom unit is the economic equivalent of one common unit of USA Compression Partners, LP (the "Issuer"). (F2) The Reporting Person settled approximately 50% of his newly vested phantom units for cash and the rest for common units. |
| 3 | Common | Common Units | 2023-12-15 | D | D | 18,000 | $23.44 | 439,829 | D | — | — | |
| 4 | Common | Common Units | 2023-12-15 | M | A | 36,000 | — | 457,829 | D | — | — | (F1) Each phantom unit is the economic equivalent of one common unit of USA Compression Partners, LP (the "Issuer"). (F2) The Reporting Person settled approximately 50% of his newly vested phantom units for cash and the rest for common units. |
| 5 | Common | Common Units | 2023-12-15 | M | A | 70,749 | — | 457,204 | D | — | — | (F1) Each phantom unit is the economic equivalent of one common unit of USA Compression Partners, LP (the "Issuer"). (F2) The Reporting Person settled approximately 50% of his newly vested phantom units for cash and the rest for common units. |
| 6 | Common | Common Units | 2023-12-15 | D | D | 35,375 | $23.44 | 421,829 | D | — | — | |
| 7 | Derivative | Phantom Units | 2023-12-15 | M | D | 128,112 | — | 85,408 | D | — · — to — | 128,112 Common Units | (F8) These phantom units were awarded on December 5, 2020. (F1) Each phantom unit is the economic equivalent of one common unit of USA Compression Partners, LP (the "Issuer"). (F2) The Reporting Person settled approximately 50% of his newly vested phantom units for cash and the rest for common units. (F9) The phantom units vest incrementally, with 60% of the phantom units vesting on December 5, 2023 and 40% of the phantom units vesting on December 5, 2025. (F10) 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. |
| 8 | Derivative | Phantom Units | 2023-12-15 | M | D | 70,749 | — | 0 | D | — · — to — | 70,749 Common Units | (F5) These phantom units were awarded on December 5, 2018. (F1) Each phantom unit is the economic equivalent of one common unit of USA Compression Partners, LP (the "Issuer"). (F2) The Reporting Person settled approximately 50% of his newly vested phantom units for cash and the rest for common units. (F6) The phantom units vested in full on December 5, 2023. |
| 9 | Derivative | Phantom Units | 2023-12-15 | M | D | 36,000 | — | 0 | D | — · — to — | 36,000 Common Units | (F7) These phantom units were awarded on November 1, 2018. (F1) Each phantom unit is the economic equivalent of one common unit of USA Compression Partners, LP (the "Issuer"). (F2) The Reporting Person settled approximately 50% of his newly vested phantom units for cash and the rest for common units. (F6) The phantom units vested in full on December 5, 2023. |