SEC Form 4 · accession 0001104659-15-024642
USA Compression Partners, LP · USAC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common UnitsF1,F2 | Mar 27, 2015 | M | 12,631 | — | A | 36,077 | D | |
| Common UnitsF1,F2 | Mar 27, 2015 | M | 20,408 | — | A | 56,485 | D | |
| Common UnitsF2,F3 | holding | — | — | — | 1,754 | I | By Spouse | |
| Common UnitsF2,F4 | holding | — | — | — | 9,062 | I | By Alex B Long Trust | |
| Common UnitsF2,F4 | holding | — | — | — | 9,062 | I | By Adam Ericson Long Trust | |
| Common UnitsF2 | holding | — | — | — | 4,287 | I | By Aladdin Partners, L.P. |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom UnitsF1 | — | Mar 27, 2015 | M | 12,631 | D | Mar 27, 2015 | Mar 27, 2015 | Common Units | 12,631 | 0 | D |
| Phantom UnitsF1 | — | Mar 27, 2015 | M | 20,408 | D | Mar 27, 2015 | Mar 27, 2015 | Common Units | 20,408 | 0 | D |
Explanation of responses
- F1Each phantom unit was the economic equivalent of one common unit of USA Compression Partners, LP.
- F2Includes common units acquired under the USA Compression Partners, LP Distribution Reinvestment Plan.
- F3Mr. Long disclaims beneficial ownership of these securities, except to the extent of his pecuniary interest therein.
- F4Common units held by each of the Alex B. Long Trust and the Adam Ericson Long Trust, of which Mr. Long is the trustee under agreements dated April 17, 2007.
Remarks
The Reporting Person is the Chief Executive Officer, President and Director of USA Compression GP, LLC, the general partner of the Issuer (the "General Partner"). The Issuer is managed by the directors and executive officers of the General Partner. The Reporting Person also is a Manager of USA Compression Holdings, LLC, the sole member of the General Partner ("USAC Holdings"). The Reporting Person is not deemed to beneficially own, and disclaims beneficial ownership of, any common units or subordinated units of the Issuer held by the General Partner or USAC Holdings, except to the extent of any pecuniary interest he may be deemed to have therein.