SEC Form 4 · accession 0001209191-16-147278
Titan Energy, LLC · TTEN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Freddie M Kotek
Officer — SVP Investment Partnership Div
Period of report
Oct 26, 2016
Accepted (ET)
Oct 28, 2016 · 4:04 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 | Oct 26, 2016 | A | 15,000 | — | A | 15,000 | 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 (the "Company") Management Incentive Plan (the "Plan"). The reporting person received 15,000 phantom shares under the Plan on October 26, 2016. Each phantom share represents the right to receive, upon vesting, one common share of the Company. The phantom shares vest in three equal installments on each anniversary of the grant date.