SEC Form 4 · accession 0001104659-15-017747
Sanchez Midstream Partners LP · SNMP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owners
Antonio R Sanchez Jr.
10% Owner
Sanchez Energy Partners I LP
10% Owner
SEP Management I, LLC
10% Owner
Sanchez Oil & Gas Corp
10% Owner
Period of report
Mar 6, 2015
Accepted (ET)
Mar 6, 2015 · 4:37 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001362705
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Units (Class B) of Sanchez Production Partners LLCF1,F4 | Mar 6, 2015 | J | 5,364,196 | — | D | 0 | D | |
| Class A Units of Sanchez Production Partners LLCF2,F4 | Mar 6, 2015 | J | 484,505 | — | D | 0 | D | |
| Class Z Unit of Sanchez Production Partners LLCF3,F4 | Mar 6, 2015 | J | 1 | — | D | 0 | D | |
| Common Units of Sanchez Production Partners LPF1,F2,F4 | Mar 6, 2015 | J | 5,951,800 | — | A | 5,951,800 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Pursuant to a reclassification exempt under Rule 16b-7, on March 6, 2015, each Class B Common Unit of Sanchez Production Partners LLC ("SPP LLC") was converted into a Common Unit of Sanchez Production Partners LP ("SPP LP") on a one-for-one basis.
- F2Pursuant to a reclassification exempt under Rule 16b-7, on March 6, 2015, the Class A Units of SPP LLC were converted into a number of SPP LP's Common Units equal to 2% of SPP LP's Common Units outstanding immediately after the conversion (after taking into account the conversion of such Class A Units).
- F3On March 6, 2015, the Class Z Unit owned by Sanchez Energy Partners I, LP ("SEPI") was cancelled in a transaction exempt under Rule 16b-3.
- F4SEPI directly owns 5,951,800 of SPP LP's Common Units. SEPI is controlled by its general partner, SEP Management I, LLC, which is a wholly owned subsidiary of Sanchez Oil & Gas Corporation. Sanchez Oil & Gas Corporation is managed by A.R. Sanchez, Jr. and other members of the Sanchez family. A.R. Sanchez, Jr. shares voting and dispositive power over the shares controlled by SEPI. Each of A.R. Sanchez, Jr., Sanchez Oil & Gas Corporation and SEP Management I, LLC disclaims beneficial ownership of these securities except to the extent of his or its pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership by A.R. Sanchez, Jr., Sanchez Oil & Gas Corporation or SEP Management I, LLC of all of the reported securities for purposes of Section 16 or any other purpose.
Remarks
Signed in the following capacities: A.R. Sanchez, Jr. is signing for himself, as well as in his capacity as Chairman of the Board of Directors of Sanchez Oil & Gas Corporation, on behalf of Sanchez Oil & Gas Corporation and in its capacity as the sole member of SEP Management I, LLC, on behalf of SEP Management I, LLC and in its capacity as the general partner of Sanchez Energy Partners I, LP, on behalf of Sanchez Energy Partners I, LP.