Form 4 for USAC USA Compression Partners, LP
Accepted 2021-12-21 00:00:00 ET · period of report 2021-12-17 · accession 0001578197-21-000007 · 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 | 2021-12-21 | 2021-12-17 | USAC | Liuzzi Matthew C | See Remarks | M - OptEx | — | +62.2K | 307.7K | +25% | — |
| DM | 2021-12-21 | 2021-12-17 | USAC | Liuzzi Matthew C | See Remarks | D - Sale to Iss | $14.96 | -31.1K | 287.2K | -10% | -$464.9K |
| DM | 2021-12-21 | 2021-12-17 | USAC | Liuzzi Matthew C | See Remarks | M - OptEx | — | -62.2K | 14.0K | -82% | — |
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 | 2021-12-17 | M | A | 21,000 | — | 277,077 | 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. (F3) Includes common units acquired under the Issuer's Distribution Reinvestment Plan. |
| 2 | Common | Common Units | 2021-12-17 | D | D | 10,500 | $14.96 | 266,577 | D | — | — | (F3) Includes common units acquired under the Issuer's Distribution Reinvestment Plan. |
| 3 | Common | Common Units | 2021-12-17 | M | A | 41,153 | — | 307,730 | 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. (F3) Includes common units acquired under the Issuer's Distribution Reinvestment Plan. |
| 4 | Common | Common Units | 2021-12-17 | D | D | 20,577 | $14.96 | 287,153 | D | — | — | (F3) Includes common units acquired under the Issuer's Distribution Reinvestment Plan. |
| 5 | Derivative | Phantom Units | 2021-12-17 | M | D | 41,153 | — | 27,434 | D | — · — to — | 41,153 Common Units | (F7) 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. (F5) These phantom units vest incrementally, with 60% of the phantom units vesting on December 5, 2021 and 40% of the phantom units vesting on December 5, 2023. (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. |
| 6 | Derivative | Phantom Units | 2021-12-17 | M | D | 21,000 | — | 14,000 | D | — · — to — | 21,000 Common Units | (F4) 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. (F5) These phantom units vest incrementally, with 60% of the phantom units vesting on December 5, 2021 and 40% of the phantom units vesting on December 5, 2023. (F6) 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. |