SEC Form 4 · accession 0001209191-15-051578
PennTex Midstream Partners, LP · PTXP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
MRD WHR LA MIDSTREAM LLC
10% Owner
Period of report
Jun 9, 2015
Accepted (ET)
Jun 9, 2015 · 6:30 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001617798
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| COMMON UNITS (LIMITED PARTNER INTERESTS)F1 | Jun 9, 2015 | J | 2,648,437 | $0.00 | D | 0 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| SUBORDINATED UNITS (LIMITED PARTNER INTERESTS)F2 | — | Jun 9, 2015 | J | 7,500,000 | D | — | — | COMMON UNITS | 7,500,000 | 0 | D |
Explanation of responses
- F1MRD WHR LA Midstream LLC ("MRD WHR LA") distributed to its members, on a pro rata basis in relation to their respective ownership interests in MRD WHR LA, a total of 2,648,437 common units and 7,500,000 subordinated units of the Issuer, representing its entire limited partner interest in the Issuer, assuming the full exercise of the underwriters' option to purchase additional common units. If the underwriters do not exercise their option to purchase additional common units, MRD WHR LA will distribute an additional 632,813 common units to its members, for a total of 3,281,250 common units and 7,500,000 subordinated units.
- F2Subordinated units will convert into common units on a one-for-one basis as described in the Issuer's Registration Statement on Form S-1 (Registration No. 333-199020).