SEC Form 4 · accession 0001104659-17-031652
Sanchez Midstream Partners LP · SNMP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gerald F Willinger
Officer — Chief Executive Officer · Director
Period of report
Feb 24, 2017
Accepted (ET)
May 10, 2017 · 6:24 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 Units | Feb 24, 2017 | J | 24,411 | $0.00 | A | 192,055 | D | |
| Common Units | May 8, 2017 | S | 2,722 | $13.92 | D | 189,333 | D | |
| Common UnitsF3 | May 9, 2017 | S | 1,778 | $13.92 | D | 187,555 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents a distribution from the sole member of SP Holdings, LLC ("SP Holdings") on February 24, 2017 of a portion of the Issuer's common units issued to SP Holdings pursuant to the Amended and Restated Shared Services Agreement, by and between Issuer and SP Holdings, dated March 6, 2015 (the "Shared Services Agreement").
- F2The sales of common units directly owned by Gerald F. Willinger reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan established by Gerald F. Willinger and were used to satisfy Gerald F. Willinger's federal income tax obligations with respect to various distributions of common units pursuant to the Shared Services Agreement.
- F3This number represents the number of common units beneficially owned as of the date of this filing and takes into account, in addition to the transactions reported herein, transactions reported on Form 4 and Form 5 filings since February 24, 2017, the date of the earliest transaction reported herein.