SEC Form 4 · accession 0001367064-18-000009
Archrock Partners, L.P. · APLP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jason Ingersoll
Officer — Senior Vice President
Period of report
Mar 4, 2018
Accepted (ET)
Mar 6, 2018 · 11:26 am 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 | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Units | Mar 4, 2018 | M | 3,188 | $0.00 | A | 6,016 | D | |
| Common Units | Mar 4, 2018 | F | 758 | $13.10 | D | 5,258 | 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 DERs (Common Units)F1 | $0.00 | Mar 4, 2018 | M | 3,188 | D | — | — | Common Units | 3,188 | 3,189 | D |
Explanation of responses
- 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.