SEC Form 4 · accession 0001104659-19-014266
USA Compression Partners, LP · USAC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Matthew C Liuzzi
Officer — See Remarks
Period of report
Mar 8, 2019
Accepted (ET)
Mar 12, 2019 · 4:32 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,F3 | Mar 8, 2019 | M | 30,290 | — | A | 152,880 | D | |
| Common UnitsF1,F2,F3 | Mar 8, 2019 | M | 10,891 | — | A | 163,771 | D | |
| Common UnitsF1,F2,F3 | Mar 8, 2019 | M | 11,518 | — | A | 175,289 | D | |
| Common UnitsF3 | Mar 8, 2019 | D | 15,145 | $14.99 | D | 160,144 | D | |
| Common UnitsF3 | Mar 8, 2019 | D | 5,446 | $14.99 | D | 154,698 | D | |
| Common UnitsF3 | Mar 8, 2019 | D | 5,759 | $14.99 | D | 148,939 | 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 | — | Mar 8, 2019 | M | 30,290 | D | Mar 8, 2019 | Mar 8, 2019 | Common Units | 30,290 | 0 | D |
| Phantom UnitsF1,F2 | — | Mar 8, 2019 | M | 10,891 | D | Mar 8, 2019 | Mar 8, 2019 | Common Units | 10,891 | 0 | D |
| Phantom UnitsF1,F2 | — | Mar 8, 2019 | M | 11,518 | D | Mar 8, 2019 | Mar 8, 2019 | Common Units | 11,518 | 0 | D |
Explanation of responses
- F1Each phantom unit is the economic equivalent of one common unit of USA Compression Partners, LP.
- F2The Reporting Person settled approximately 50% of his newly vested phantom units for cash and the rest for common units.
- F3Includes common units acquired under the USA Compression Partners, LP Distribution Reinvestment Plan.
Remarks
The Reporting Person is the Vice President, Chief Financial Officer and Treasurer 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.