SEC Form 4 · accession 0001617798-16-000057
PennTex Midstream Partners, LP · PTXP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert W Jordan
Director · Other
Period of report
Jun 9, 2016
Accepted (ET)
Jun 13, 2016 · 4:41 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 | Jun 9, 2016 | M | 5,000 | $0.00 | 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,F3 | — | Jun 9, 2016 | M | 5,000 | D | — | — | COMMON UNITS (LIMITED PARTNER INTERESTS) | 5,000 | 0 | D |
| PHANTOM UNITS (RIGHTS TO COMMON UNITS)F1,F5 | — | Jun 10, 2016 | A | 9,074 | A | — | — | COMMON UNITS (LIMITED PARTNER INTERESTS) | 9,074 | 9,074 | 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.
- F2Represents the settlement of phantom units granted on June 9, 2015, subject to a Phantom Unit Agreement, under the PennTex Midstream Partners, LP 2015 Long-Term Incentive Plan (the "2015 LTIP").
- F3The phantom units vested in full on June 9, 2016.
- F4Represents a grant of phantom units, subject to a Phantom Unit Agreement, under the 2015 LTIP.
- F5The phantom units vest in full on June 10, 2017.
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.