SEC Form 4 · accession 0001104659-16-113504
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
Apr 20, 2016
Accepted (ET)
Apr 22, 2016 · 3:27 pm EDT
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 | Apr 20, 2016 | A | 9,661 | — | A | 84,067 | D | |
| Common UnitsF3 | holding | — | — | — | 35,320 | I | By Sanchez Oil & Gas Corporation |
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.
- F2The difference in the change in ownership of common units from the Reporting Person's prior Form 4 are the result of a distribution for no consideration, exempt under Section 16, of 19,602 common units from 1988 Trust #11 to the Reporting Person, which common units the Reporting Person had previously disclosed as being indirectly owned by him.
- 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.