SEC Form 4 · accession 0001179110-16-024178
Transocean Partners LLC · RIGP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Samuel J. Merksamer
Director
Period of report
May 5, 2016
Accepted (ET)
May 9, 2016 · 4:29 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001607250
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common UnitsF1 | May 5, 2016 | M | 4,980 | $0.00 | A | 4,980 | D | |
| Common UnitsF2 | May 5, 2016 | F | 2,241 | $12.02 | D | 2,739 | 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 | $0.00 | May 5, 2016 | M | 4,980 | D | May 5, 2016 | — | Common Units | 4,980 | 0 | D |
Explanation of responses
- F1The phantom units were acquired on May 4, 2015, pursuant to the Issuer's long-term incentive plan. The phantom units vested on May 5,2016, resulting in delivery of common units to the reporting person.
- F2Common units automatically withheld upon vesting to satisfy tax withholding obligations.