SEC Form 4 · accession 0001513965-16-000176
American Midstream Partners, LP · AMID
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Lynn L Bourdon III
Officer — Chairman, President and CEO · Director
Period of report
Feb 26, 2016
Accepted (ET)
Mar 1, 2016 · 4:51 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001513965
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Units (limited partner interests) | Feb 26, 2016 | M | 66,021 | $0.00 | A | 84,021 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom unitsF1,F2,F3 | — | Feb 26, 2016 | M | 66,021 | D | — | — | Common Units (limited partner interests) | 66,021 | 198,064 | D |
| Phantom unitsF4,F5,F3 | — | holding | — | — | — | Dec 10, 2018 | — | Common Units (limited partner interests) | 200,000 | 0 | D |
| OptionF5 | $7.50 | holding | — | — | — | Jan 1, 2019 | Mar 15, 2020 | Common Units (limited partner interests) | 200,000 | 0 | D |
Explanation of responses
- F1The phantom units are settled upon vesting in common units (on a one for one basis) or cash, at the discretion of the Issuer.
- F225% of the phantom units vest each year beginning February 29, 2016.
- F3The phantom units do not expire.
- F4The phantom units contain distribution equivalent rights based on the extent to which the Partnership's Series A Preferred Unitholders receive distributions in cash.
- F5Subject to acceleration in certain circumstances.