SEC Form 4 · accession 0001209191-15-017901
Titan Energy, LLC · TTEN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Harvey G Magarick
Director
Period of report
Feb 23, 2015
Accepted (ET)
Feb 24, 2015 · 5:04 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001532750
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common UnitsF1 | Feb 23, 2015 | M | 894 | — | A | 2,092 | D | |
| Common UnitsF1 | Feb 23, 2015 | M | 1,844 | — | A | 3,936 | D | |
| Common UnitsF1 | Feb 23, 2015 | M | 3,900 | — | A | 7,836 | 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 | — | Feb 23, 2015 | M | 894 | D | — | — | Common Units | 894 | 0 | D |
| Phantom UnitsF1 | — | Feb 23, 2015 | M | 1,844 | D | — | — | Common Units | 1,844 | 0 | D |
| Phantom UnitsF1 | — | Feb 23, 2015 | M | 3,900 | D | — | — | Common Units | 3,900 | 0 | D |
Explanation of responses
- F1The reporting person is a participant in the Atlas Resource Partners, L.P. (the "Partnership") 2012 Long-Term Incentive Plan (the "Plan"). In connection with the reporting person's February 23, 2015 resignation from the board of directors of the Partnership's general partner, the compensation committee of Atlas Energy, L.P., the sole member of the general partner, approved the acceleration of the reporting person's unvested phantom units, effective as of the date of resignation. Each phantom unit represents the right to receive either one common unit of limited partner interest of the Partnership or its then fair market value in cash. The reporting person elected to receive common units of the Partnership in connection with vesting.