SEC Form 4 · accession 0001140361-15-014578
Archrock Partners, L.P. · APLP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David S Miller
Officer — SVP & CFO · Director
Period of report
Apr 2, 2015
Accepted (ET)
Apr 6, 2015 · 5:50 pm EDT
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 | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Units | Apr 2, 2015 | M | 1,507 | $0.00 | A | 15,244 | D | |
| Common Units | Apr 2, 2015 | F | 633 | $25.18 | D | 14,611 | D | |
| Common UnitsF4 | Apr 6, 2015 | S | 227 | $25.5272 | D | 14,384 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom Units with tandem DERsF1 | — | Apr 2, 2015 | M | 1,507 | D | — | — | Common Units | 1,507 | 0 | D |
Explanation of responses
- F1This transaction represents the vesting of one-third of the phantom units 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. 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 the phantom units.
- F3These transactions were executed in accordance with a Rule 10b5-1 trading plan adopted by the reporting person on March 13, 2014.
- F4The price reported is a weighted average price. These units were sold in multiple transactions at prices ranging from $25.13 to $25.84, inclusive.