SEC Form 4 · accession 0001367064-17-000016

Archrock Partners, L.P. · APLP

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

Reporting owner

Officer — Sr VP and General Counsel · Director

Period of report

Mar 4, 2017

Accepted (ET)

Mar 7, 2017 · 5:57 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, 2017	M	5,916	$0.00	A	13,600	D
Common Units	Mar 4, 2017	F	1,744	$17.58	D	11,856	D
Common Units	Mar 4, 2017	S	887	$17.75	D	10,969	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	$0.00	Mar 4, 2017	M	601	D	—	—	Common Units	601	0	D
Phantom Units with tandem DERs^F1	$0.00	Mar 4, 2017	M	5,315	D	—	—	Common Units	5,315	10,629	D

F1This transaction represents the vesting of one-third of the phantom units granted to the reporting person under the Archrock Partners, L.P. Long-Term Incentive Plan. 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 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.
F3This transaction was executed in accordance with a Rule 10b5-1 trading plan adopted by the reporting person on March 14, 2016. These units were sold in multiple transactions at prices ranging from $17.70 to $17.79, inclusive.