SEC Form 4 · accession 0001209191-15-022363
AZURE MIDSTREAM PARTNERS, LP · AZUR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Terry D Jones
Other
Period of report
Mar 2, 2015
Accepted (ET)
Mar 4, 2015 · 5:17 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 interestsF2 | Mar 2, 2015 | M | 50,000 | $0.00 | A | 91,018 | D | |
| Common Units representing limited partner interestsF3 | Mar 2, 2015 | F | 14,636 | $21.11 | D | 76,382 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom UnitsF2,F4 | — | Mar 2, 2015 | M | 50,000 | D | Feb 27, 2015 | — | Common Units | 50,000 | 0 | D |
Explanation of responses
- F1Represents the conversion upon vesting of phantom units into common units. On December 15, 2014, the reporting person was granted 50,000 phantom units of which 50,000 units vested on February 27, 2015.
- F2Each phantom unit is the economic equivalent of one common unit (limited partner interest) and entitles 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.
- F3The reporting person is reporting the withholding by Marlin Midstream Partners, LP of 14,636 common units to satisfy the reporting person's tax withholding obligations in connection with the delivery of the common units to the reporting person.
- F4Phantom units do not expire.
Remarks
Terry D. Jones was previously a Director and the Executive Vice President and General Counsel of Marlin 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.