SEC Form 4 · accession 0001104659-16-125384
USA Compression Partners, LP · USAC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael D Lenox
Officer — See Remarks
Period of report
Jun 3, 2016
Accepted (ET)
Jun 3, 2016 · 4:06 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001522727
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common UnitsF1,F2 | Jun 3, 2016 | M | 6,207 | — | A | 16,894 | D | |
| Common Units | Jun 3, 2016 | D | 1,552 | $13.83 | D | 15,342 | 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 | — | Jun 3, 2016 | M | 6,207 | D | Jun 3, 2016 | Jun 3, 2016 | Common Units | 6,207 | 0 | D |
Explanation of responses
- F1Each phantom unit was the economic equivalent of one common unit of USA Compression Partners, LP.
- F2The Reporting Person settled approximately 25% of his newly vested phantom units for cash and the rest for common units.
Remarks
The Reporting Person is the Vice President - Finance and Chief Accounting Officer 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.