SEC Form 4 · accession 0001209191-15-062680
Titan Energy, LLC · TTEN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mark D Schumacher
Officer — Senior Vice President
Period of report
Jul 25, 2015
Accepted (ET)
Jul 28, 2015 · 4:46 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 | Jul 25, 2015 | C | 14,226 | $26.03 | A | 153,379 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Series B Convertible Preferred StockF2 | — | Jul 25, 2015 | C | 14,153 | D | Jul 25, 2012 | Jul 25, 2015 | Common Units | 14,226 | 0 | D |
Explanation of responses
- F1This amount includes 77,500 common units underlying the equivalent number of phantom units.
- F214,153 Series B Preferred Units ("Series B Units") held by the reporting person were automatically converted into common units on July 25, 2015 based on a conversion ratio equal to (a) the face value of the Series B Units plus the amount of unpaid distributions per Series B Unit, divided by (b) the face value of the Series B Units. The Series B Units had a face value of $26.03 per unit.