SEC Form 4 · accession 0001104659-17-018937
Sanchez Midstream Partners LP · SNMP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Patricio D. Sanchez
Officer — President & COO · Director
Period of report
Mar 21, 2017
Accepted (ET)
Mar 23, 2017 · 8:49 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 StockF1 | Mar 21, 2017 | A | 54,794 | — | A | 181,824 | D | |
| Common StockF2 | Mar 22, 2017 | J | 19,602 | — | A | 201,426 | D | |
| Common StockF2 | Mar 22, 2017 | J | 19,602 | — | D | 0 | I | By 1988 Trust No. 14 |
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.
- F2These common units are being transferred, for no consideration in a transaction exempt under Section 16, from direct ownership by 1988 Trust No. 14 to the individual account of Patricio Sanchez. Patricio Sanchez is a co-trustee, along with A. R. Sanchez, Jr., and a beneficiary of 1988 Trust No. 14. Patricio Sanchez may be deemed to share voting and dispositive power over the common units previously held by 1988 Trust No. 14. Patricio Sanchez disclaims having had any 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 Patricio Sanchez of the reported securities for purposes of Section 16 or any other purpose.