SEC Form 4 · accession 0001104659-16-156746
AZURE MIDSTREAM PARTNERS, LP · AZUR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Stacy Murray
Other
Period of report
Nov 9, 2016
Accepted (ET)
Nov 14, 2016 · 1:16 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001575599
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common units representing limited partner interests | holding | — | — | — | 12,634 | 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,F3,F4 | — | Nov 9, 2016 | J | 4,759 | D | — | — | Common Units | 0 | 0 | D |
Explanation of responses
- F1Each phantom unit is the economic equivalent of one common unit (limited partner interest) and will entitle the grantee to receive one common unit or an amount of cash equal to the fair market value of a common unit upon the vesting of the phantom unit.
- F2Forfeiture of remaining outstanding unvested phantom units due to the Reporting Person no longer employed by Azure Midstream Partners GP, LLC, the general partner of the Issuer (the "General Partner").
- F3Not applicable. See (2).
- F4Phantom units do not expire.
Remarks
Stacy Murray was previously the Chief Accounting Officer of the General Partner. The Issuer is managed by the directors and executives of the General Partner.