SEC Form 4 · accession 0001104659-15-017752
Sanchez Midstream Partners LP · SNMP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Antonio R Sanchez III
Director · 10% Owner
Period of report
Mar 6, 2015
Accepted (ET)
Mar 6, 2015 · 4:39 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 | I | By Sanchez Energy Partners I, LP |
| Class A Units of Sanchez Production Partners LLCF2,F4 | Mar 6, 2015 | J | 484,505 | — | D | 0 | I | By Sanchez Energy Partners I, LP |
| Class Z Unit of Sanchez Production Partners LLCF3,F4 | Mar 6, 2015 | J | 1 | — | D | 0 | I | By Sanchez Energy Partners I, LP |
| Common Units (Class B) of Sanchez Production Partners LLCF1,F5 | Mar 6, 2015 | J | 59,562 | — | D | 0 | I | By SP Holdings, LLC |
| Common Units (Class B) of Sanchez Production Partners LLCF1 | Mar 6, 2015 | J | 6,403 | — | D | 0 | D | |
| Common Units of Sanchez Production Partners LPF1,F2,F4 | Mar 6, 2015 | J | 5,951,800 | — | A | 5,951,800 | I | By Sanchez Energy Partners I, LP |
| Common Units of Sanchez Production Partners LPF1,F5 | Mar 6, 2015 | J | 59,562 | — | A | 59,562 | I | By SP Holdings, LLC |
| Common Units of Sanchez Production Partners LPF1 | Mar 6, 2015 | J | 6,403 | — | A | 6,403 | 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.
- F4These securities are owned directly by SEPI. 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 Antonio R. Sanchez, III and other members of the Sanchez family. Antonio R. Sanchez, III shares voting and dispositive power over the securities controlled by SEPI. Antonio R. Sanchez, III disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or any other purpose.
- F5These securities are owned directly by SP Holdings LLC ("SP Holdings"). SP Holdings is controlled by SP Capital Holdings, LLC ("SP Capital"). SP Capital is managed by Eduardo A. Sanchez and Antonio R. Sanchez, III. Antonio R. Sanchez, III shares voting and dispositive power over the securities controlled by SP Capital. Antonio R. Sanchez, III disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or any other purpose.
Remarks
Exhibit 24 - Power of Attorney