SEC Form 4 · accession 0001562180-17-002615
CSI Compressco LP · CCLP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Charles B. Benge
Officer — VP Operations
Period of report
Aug 5, 2017
Accepted (ET)
Aug 8, 2017 · 4:32 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001449488
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Units Representing Limited Partner InterestsF1 | Aug 5, 2017 | A | 14,440 | $0.00 | A | 45,704 | D | |
| Common Units Representing Limited Partner InterestsF2 | Aug 5, 2017 | F | 7,701 | $4.47 | D | 38,003 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents dividend equivalent rights accrued on the reporting person's phantom units granted on August 5, 2014 pursuant to the CSI Compressco LP Amended and Restated 2011 Long Term Incentive Plan and that were settled proportionately with the award to which they relate. Each dividend equivalent right is the economic equivalent of one Common Unit representing limited partner interests in CSI Compressco LP and may be settled only in Common Units representing limited partner interests in CSI Compressco LP.
- F2Reflects units surrendered to the Issuer to satisfy tax withholding obligations upon the vesting of phantom units granted on August 5, 2014 and the dividend equivalent rights accrued on such awards.