SEC Form 4 · accession 0001389050-17-000047
Archrock, Inc. · AROC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Donald Wayne
Officer — Sr VP, Gen Counsel & Secy
Period of report
Mar 3, 2017
Accepted (ET)
Mar 7, 2017 · 6:33 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001389050
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Mar 3, 2017 | A | 20,985 | $0.00 | A | 143,556 | D | |
| Common Stock | Mar 4, 2017 | F | 6,638 | $13.70 | D | 136,918 | D | |
| Common Stock | Mar 7, 2017 | S | 3,647 | $13.21 | D | 133,271 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1This award represents a grant of restricted stock under the Archrock, Inc. 2013 Stock Incentive Plan (the "Plan") that vests one-third on each of August 20, 2018, August 20, 2019 and August 20, 2020, subject to continued employment on each vest date. The award is also subject to accelerated vesting or forfeiture under certain conditions as set out in a Change of Control Agreement, Severance BenefitAgreement and Award Notice and Agreement entered into by the issuer and the reporting person.
- F2Issuer withheld the maximum allowable shares to satisfy the tax withholding obligations associated with the vesting of restricted shares.
- F3This transaction was executed in accordance with a Rule 10b5-1 trading plan adopted by the reporting person on March 14, 2016. These shares were sold in multiple transactions at prices ranging from $13.075 to $13.525, inclusive.