SEC Form 4 · accession 0001367064-17-000028
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 26, 2017
Accepted (ET)
Apr 28, 2017 · 2:26 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001367064
Table I — non-derivative securities
No Table I lines on this filing.
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 | $0.00 | Apr 26, 2017 | A | 7,063 | A | Aug 20, 2018 | Aug 20, 2020 | Common Units | 7,063 | 7,063 | D |
Explanation of responses
- F1Represents an award of phantom units with tandem Distribution Equivalent Rights (DERs) under the Archrock Partners, L.P. 2017 Long-Term Incentive Plan. The award vests one-third on each of August 20, 2018, August 20, 2019 and August 20, 2020, subject to continued employment on the respective date of vesting. The award is payable in common units and DERs are payable as and when they are paid to common unitholders. Each phantom unit is the economic equivalent of an APLP common unit. The award is subject to accelerated vesting or forfeiture under certain conditions as set out in a Change of Control Agreement, Severance Benefit Agreement and Award Notice and Agreement.