SEC Form 4 · accession 0001209191-15-032693
Titan Energy, LLC · TTEN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Dolly Ann Craig
Director
Period of report
Apr 3, 2015
Accepted (ET)
Apr 6, 2015 · 4:34 pm EDT
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 | Apr 3, 2015 | M | 217 | — | A | 1,972 | D | |
| Common UnitsF2 | Apr 3, 2015 | M | 258 | — | A | 2,230 | D | |
| Common UnitsF3 | Apr 3, 2015 | M | 897 | — | A | 3,127 | 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 | — | Apr 3, 2015 | M | 217 | D | — | — | Common Units | 217 | 218 | D |
| Phantom UnitsF2 | — | Apr 3, 2015 | M | 258 | D | — | — | Common Units | 258 | 519 | D |
| Phantom UnitsF3 | — | Apr 3, 2015 | M | 897 | D | — | — | Common Units | 897 | 2,694 | D |
Explanation of responses
- F1The reporting person is a participant in the Atlas Resource Partners, L.P. 2012 Long-Term Incentive Plan (the "Plan") and received 869 phantom units on April 3, 2012. The phantom units vest 25% per year beginning on the first anniversary of the grant date and, prior to vesting, each phantom unit has distribution equivalent rights. Each phantom unit represents the right to receive, upon vesting, either one common unit of the Issuer or its then fair market value in cash. The reporting person elected to receive common units of the Issuer in connection with the April 2015 vesting.
- F2The reporting person received 1,035 phantom units under the Plan on April 3, 2013. The phantom units vest 25% per year beginning on the first anniversary of the grant date and, prior to vesting, each phantom unit has distribution equivalent rights. Each phantom unit represents the right to receive, upon vesting, either one common unit of the Issuer or its then fair market value in cash. The reporting person elected to receive common units of the Issuer in connection with the April 2015 vesting.
- F3The reporting person received 3,591 phantom units under the Plan on April 3, 2014. The phantom units vest 25% per year beginning on the first anniversary of the grant date and, prior to vesting, each phantom unit has distribution equivalent rights. Each phantom unit represents the right to receive, upon vesting, either one common unit of the Issuer or its then fair market value in cash. The reporting person elected to receive common units of the Issuer in connection with the April 2015 vesting.