SEC Form 4 · accession 0001140361-15-010693

Archrock Partners, L.P. · APLP

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — VP, Controller

Period of report

Mar 4, 2015

Accepted (ET)

Mar 6, 2015 · 2:53 pm EST

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0001367064

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I
Common Units	Mar 4, 2015	M	829	$0.00	A	1,792	D
Common Units	Mar 4, 2015	F	228	$24.87	D	1,564	D
Common Stock	Mar 5, 2015	S	126	$24.73	D	1,438	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Phantom Units with tandem DERs^F1	—	Mar 4, 2015	M	246	D	—	—	Common Units	246	492	D
Phantom Units with tandem DERs^F1	—	Mar 4, 2015	M	281	D	—	—	Common Units	281	0	D
Phantom Units with tandem DERs^F1	—	Mar 4, 2015	M	302	D	—	—	Common Units	302	301	D

F1This transaction represents the vesting of one-third of the phantom units with tandem Distribution Equivalent Rights (DERs) granted to the reporting person under the Exterran Partners, L.P. Long-Term Incentive Plan (EXLP LTIP). Each phantom unit vested in the form of a common unit. The DERs were paid in cash per the terms of the award agreement. Pursuant to applicable SEC reporting requirements, the settlement of the phantom units in exchange for common units of EXLP is reported on this Form 4 as a disposition of the phantom units being settled and a simultaneous acquisition of the underlying common units.
F2Issuer withheld the maximum allowable units to satisfy the tax withholding obligations associated with the vesting of phantom units.
F3These transactions were executed in accordance with a Rule 10b5-1 trading plan adopted by the reporting person on March 13, 2014.