Form 4 for USAC USA Compression Partners, LP
Accepted 2023-12-19 00:00:00 ET · period of report 2023-12-15 · accession 0001693924-23-000004 · 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 | Porter Christopher W | See Remarks | D - Sale to Iss | $23.44 | -19.5K | 24.6K | -44% | -$457.0K |
| DM | 2023-12-19 | 2023-12-15 | USAC | Porter Christopher W | See Remarks | M - OptEx | — | +39.0K | 52.4K | +290% | — |
| DM | 2023-12-19 | 2023-12-15 | USAC | Porter Christopher W | See Remarks | M - OptEx | — | -39.0K | 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 | 13,927 | $23.44 | 38,515 | D | — | — | |
| 2 | Common | Common Units | 2023-12-15 | M | A | 11,138 | — | 30,157 | 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"). |
| 3 | Common | Common Units | 2023-12-15 | D | D | 5,569 | $23.44 | 24,588 | D | — | — | |
| 4 | Common | Common Units | 2023-12-15 | M | A | 27,854 | — | 52,442 | 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"). |
| 5 | Derivative | Phantom Units | 2023-12-15 | M | D | 27,854 | — | 18,568 | D | — · — to — | 27,854 Common Units | (F5) These phantom units were awarded on December 5, 2020. (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, 2023 and 40% of the phantom units vesting on December 5, 2025. (F7) 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 | 2023-12-15 | M | D | 11,138 | — | 0 | D | — · — to — | 11,138 Common Units | (F3) These phantom units were awarded on December 5, 2018. (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"). (F4) These phantom units vested in full on December 5, 2023. |