SEC Form 4 · accession 0001575599-15-000017
AZURE MIDSTREAM PARTNERS, LP · AZUR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David C Baggett
Director
Period of report
Feb 19, 2015
Accepted (ET)
Feb 19, 2015 · 5:56 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 interestsF1,F3 | Feb 19, 2015 | M | 5,000 | $0.00 | A | 24,500 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom UnitsF3,F4 | — | Feb 19, 2015 | M | 5,000 | D | Feb 15, 2015 | — | Common Units | 5,000 | 0 | D |
Explanation of responses
- F1Date request was made by Issuer to Issuer's transfer agent to issue common units to those grantees whose phantom units vested on February 15, 2015, pursuant to the Marlin Midstream Parners, LP 2013 Long-Term Incentive Plan.
- F2Represents the conversion upon vesting of phantom units into common units. On December 15, 2014, the reporting person was granted 5,000 phantom units of which 5,000 units vested on February 15, 2015. Such phantom units were previously reported in Table II on a Form 4 filed with the Securities Exchange Commission on December 16, 2014.
- F3Each 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.
- F4Phantom units do not expire.
Remarks
David C. Baggett is a Director of Marlin Midstream GP, LLC, the general partner of the Issuer (the "General Partner". The General Partner is managed by the directors and executive officers of the General Partner.