SEC Form 4 · accession 0001367064-18-000014
Archrock Partners, L.P. · APLP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert Edward Rice
Officer — Senior Vice President · Director
Period of report
Apr 26, 2018
Accepted (ET)
Apr 27, 2018 · 11:01 am 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 UnitsF1 | Apr 26, 2018 | D | 23,615 | — | D | 0 | 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 DERsF2 | $0.00 | Apr 26, 2018 | D | 6,378 | D | — | — | Common Units | 6,378 | 0 | D |
| Phantom Units with tandem DERsF2 | $0.00 | Apr 26, 2018 | D | 8,292 | D | — | — | Common Units | 8,292 | 0 | D |
Explanation of responses
- F1Pursuant to the merger of the Issuer into a wholly-owned subsidiary of Archrock, Inc. (the "Merger"), effective April 26, 2018, each common unit of the Issuer held by the reporting person was converted into 1.40 shares of Archrock, Inc. common stock.
- F2Pursuant to the Merger, each phantom unit has been cancelled and converted into 1.4 restricted stock units of Archrock, Inc. with substantially similar terms and conditions as the original award; however, the terms of the awards, as well as certain employment-related agreements, have been amended to exclude the Merger from the relevant change of control provisions.