SEC Form 4 · accession 0001104659-18-033879
Sanchez Midstream Partners LP · SNMP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Eduardo Augusto Sanchez
Director
Period of report
May 14, 2018
Accepted (ET)
May 16, 2018 · 6:14 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 | May 14, 2018 | S | 28,032 | $12.1672 | D | 364,594 | D | |
| Common UnitsF1,F3 | May 14, 2018 | S | 437 | $12.7771 | D | 364,157 | D | |
| Common UnitsF1,F4 | May 15, 2018 | S | 1,531 | $11.9639 | D | 362,626 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The 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 Amended and Restated Shared Services Agreement, dated March 6, 2015, by and between Issuer and SP Holdings, LLC.
- F2This transaction was executed in multiple trades at prices ranging from $11.75 to $12.70. The price reported above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide upon request to the Securities and Exchange Commission staff, the issuer or a security holder of the issuer full information regarding the number of common units and prices at which the transaction was effected.
- F3This transaction was executed in multiple trades at prices ranging from $12.75 to $12.80. The price reported above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide upon request to the Securities and Exchange Commission staff, the issuer or a security holder of the issuer full information regarding the number of common units and prices at which the transaction was effected.
- F4This transaction was executed in multiple trades at prices ranging from $11.80 to $12.30. The price reported above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide upon request to the Securities and Exchange Commission staff, the issuer or a security holder of the issuer full information regarding the number of common units and prices at which the transaction was effected.