SEC Form 4 · accession 0001389050-17-000038
Archrock Partners, L.P. · APLP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
D Bradley Childers
Officer — Chairman, President and CEO · Director
Period of report
Mar 4, 2017
Accepted (ET)
Mar 7, 2017 · 5:35 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 | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Units | Mar 4, 2017 | M | 49,750 | $0.00 | A | 102,097 | D | |
| Common Units | Mar 4, 2017 | F | 14,613 | $17.58 | D | 87,484 | D | |
| Common Units | Mar 7, 2017 | S | 7,462 | $17.76 | D | 80,022 | 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, 2017 | M | 9,016 | D | — | — | Common Units | 9,016 | 0 | D |
| Phantom Units with tandem DERsF1 | $0.00 | Mar 4, 2017 | M | 8,846 | D | — | — | Common Units | 8,846 | 8,846 | D |
| Phantom Units with tandem DERs (Common Units)F1 | $0.00 | Mar 4, 2017 | M | 31,888 | D | — | — | Common Units | 31,888 | 63,775 | 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.
- 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 $17.68 to $17.81, inclusive.