SEC Form 4 · accession 0001617798-15-000007
PennTex Midstream Partners, LP · PTXP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard S Walker
Director · Other
Period of report
Jul 24, 2015
Accepted (ET)
Jul 27, 2015 · 5:22 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 UNITSF1 | holding | — | — | — | 1,500 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| PHANTOM UNITS (RIGHTS TO COMMON UNITS)F2,F4 | — | Jul 24, 2015 | A | 5,000 | A | — | — | COMMON UNITS (LIMITED PARTNER INTERESTS) | 5,000 | 5,000 | D |
Explanation of responses
- F1Represents an open market purchase of common units on July 15, 2015.
- F2The phantom units expire upon settlement. Upon vesting, the phantom units are settled in common units (on a one-for-one basis) or, at the discretion of the Issuer, in cash.
- F3Represents a grant of phantom units, subject to a Phantom Unit Agreement, under the PennTex Midstream Partners, LP 2015 Long-Term Incentive Plan.
- F4The phantom units vest in full on June 10, 2016.
Remarks
The Reporting Person is a director of PennTex 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.