SEC Form 4 · accession 0001144204-17-002773
EV Energy Partners, LP · EVEP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kenneth Mariani
Director
Period of report
Jan 13, 2017
Accepted (ET)
Jan 18, 2017 · 6:40 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001361937
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common UnitsF1 | Jan 13, 2017 | M | 38,500 | — | A | 38,500 | D | |
| Common UnitsF1 | Jan 13, 2017 | F | 12,570 | — | D | 25,930 | D | |
| Common UnitsF2 | holding | — | — | — | 134,873 | I | See Footnote | |
| Common UnitsF3 | holding | — | — | — | 30,000 | I | See Footnote |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom UnitsF1 | — | Jan 13, 2017 | M | 38,500 | D | Jan 13, 2017 | Jan 13, 2017 | Common Unit | 38,500 | 0 | D |
Explanation of responses
- F1Each phantom unit was the economic equivalent of one EVEP common unit at the close of business on the vesting date.
- F2Includes Common Units held by KS Mariani, LP, a limited partnership, of which Mr. Mariani is a general partner along with his wife. Mr. Mariani disclaims beneficial ownership of the units owned by KS Mariani, LP except to the extent of his pecuniary interest therein.
- F3Represents Common Units held equally by trusts for Mr. Mariani's children. Mr. Mariani disclaims beneficial ownership of the units not owned by him directly.
- F4The vesting of phantom units on January 13, 2017 resulted in a net gain of 38,500 directly held common units. To cover the cost of taxes associated with this vesting, the issuer withheld 12,570 common units.