SEC Form 4 · accession 0001558304-17-000023
Summit Midstream Partners, LP · SMLP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jerry L Peters
Director · Other
Period of report
Mar 15, 2017
Accepted (ET)
Mar 17, 2017 · 1:00 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001549922
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom Units (DCP)F1 | — | Mar 15, 2017 | A | 3,555 | A | — | — | Common Units | 3,555 | 8,953 | D |
Explanation of responses
- F1Under the terms of the Summit Midstream Partners, LLC Deferred Compensation Plan (DCP), the Reporting Person has elected to defer his annual equity retainer, and will be entitled to a distribution in Common Units of SMLP in respect of all Phantom Units in the Reporting Person's account on a one-for-one basis following the Reporting Person's termination of services as a director of the General Partner. The Reporting Person is entitled to distribution equivalent rights for each Phantom Unit, providing for payment equal to the accrued distributions from and after the grant date of the Phantom Units.
Remarks
The Reporting Person is a director of Summit Midstream GP, LLC, the general partner of the Issuer (the "General Partner"). The Issuer is managed by the directors and executive officers of the General Partner.