SEC Form 4 · accession 0001617798-15-000022
PennTex Midstream Partners, LP · PTXP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert O Bond
Officer — SEE REMARKS
Period of report
Aug 12, 2015
Accepted (ET)
Aug 14, 2015 · 4:42 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 | Aug 12, 2015 | P | 5,000 | $16.19 | A | 5,000 | 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)F1,F2,F3 | — | holding | — | — | — | — | — | COMMON UNITS (LIMITED PARTNER INTERESTS) | 49,000 | 49,000 | D |
Explanation of responses
- F1The 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.
- F2The phantom units vest in the following intervals: (i) 16,334 phantom units on June 10, 2016, (ii) 16,333 phantom units on June 10, 2017 and (iii) 16,333 phantom units on June 10, 2018.
- F3Represents phantom units previously granted under the PennTex Midstream Partners, LP 2015 Long-Term Incentive Plan.
Remarks
The Reporting Person is President and Chief Operating Officer 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.