SEC Form 4 · accession 0001104659-17-067509
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
Nov 7, 2017
Accepted (ET)
Nov 9, 2017 · 7:30 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 | Nov 7, 2017 | J | 14,021 | $0.00 | A | 212,009 | D | |
| Common UnitsF2 | Nov 8, 2017 | S | 700 | $13.00 | D | 211,309 | D | |
| Common UnitsF2 | Nov 9, 2017 | S | 400 | $13.00 | D | 210,909 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents an anticipated distribution from the sole member of SP Holdings, LLC ("SP Holdings") of a portion of Issuer's common units anticipated to be issued to SP Holdings pursuant to the Amended and Restated Shared Services Agreement, dated March 6, 2015, by and between Issuer and SP Holdings (the "Shared Services Agreement").
- F2The sales of common units directly owned by Reporting Person reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan established by Reporting Person and were used to satisfy Reporting Person's federal income tax obligations with respect to various distributions of common units pursuant to the Shared Services Agreement.