SEC Form 4 · accession 0001389050-17-000040
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
Mar 4, 2017
Accepted (ET)
Mar 7, 2017 · 5:49 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 | 8,292 | $0.00 | A | 25,624 | D | |
| Common Units | Mar 4, 2017 | F | 2,405 | $17.58 | D | 23,219 | D | |
| Common Units | Mar 7, 2017 | S | 446 | $17.76 | D | 22,773 | 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 DERsF1 | $0.00 | Mar 4, 2017 | M | 1,503 | D | — | — | Common Units | 1,503 | 0 | D |
| Phantom Units with tandem DERsF1 | $0.00 | Mar 4, 2017 | M | 1,474 | D | — | — | Common Units | 1,474 | 1,474 | D |
| Phantom Units with tandem DERsF1 | $0.00 | Mar 4, 2017 | M | 5,315 | D | — | — | Common Units | 5,315 | 10,629 | 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 $17.74 to $17.79, inclusive.