SEC Form 4 · accession 0001209191-16-140192
Titan Energy, LLC · TTEN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Daniel C Herz
Officer — Chief Executive Officer · Director
Period of report
Sep 1, 2016
Accepted (ET)
Sep 6, 2016 · 5:43 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 SharesF1 | Sep 1, 2016 | A | 111,111 | — | A | 111,111 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The reporting person is a participant in Titan Energy, LLC's Management Incentive Plan (the "Plan"). The reporting person received 111,111 common shares under the Plan on September 1, 2016. 74,111 of such shares are subject to vesting and shall vest in three equal installments on each anniversary of the grant date.