SEC Form 4 · accession 0001104659-15-082817
Sanchez Midstream Partners LP · SNMP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Antonio R Sanchez III
Director
Period of report
Dec 1, 2015
Accepted (ET)
Dec 3, 2015 · 7:07 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 UnitsF1,F2 | Dec 1, 2015 | A | 33,703 | — | A | 40,768 | D | |
| Common UnitsF2,F3 | holding | — | — | — | 35,320 | I | By Sanchez Oil & Gas Corporation | |
| Common UnitsF2,F4 | holding | — | — | — | 19,602 | I | By 1988 Trust #11 |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents a grant of common units from the Issuer pursuant to a restricted unit award agreement under the Issuer's Long-Term Incentive Plan.
- F2Calculation reflects a one-for-ten reverse split of common units that occurred on August 3, 2015.
- F3These securities are owned directly by Sanchez Oil & Gas Corporation ("SOG"). SOG 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 SOG. 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.
- F4These common units are owned directly by 1988 Trust #11 ("Trust 11"). Antonio R. Sanchez, III is a co-trustee, along with A. R. Sanchez, Jr., and beneficiary of Trust 11. Antonio R. Sanchez, III may be deemed to share voting and dispositive power over the common units held by Trust 11. 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 by Antonio R. Sanchez, III of the reported securities for purposes of Section 16 or any other purpose.
Remarks
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