Filing Details
- Accession Number:
- 0001140361-14-011550
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2014-03-06 20:44:54
- Reporting Period:
- 2014-03-04
- Filing Date:
- 2014-03-06
- Accepted Time:
- 2014-03-06 20:44:54
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1367064 | Exterran Partners L.p. | EXLP | Natural Gas Transmission (4922) | 223935108 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1186860 | Bradley D Childers | 16666 Northchase Drive Houston TX 77060 | Chairman, President And Ceo | Yes | Yes | No | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Units | Acquisiton | 2014-03-04 | 10,843 | $0.00 | 21,302 | No | 4 | M | Direct | |
| Common Units | Disposition | 2014-03-04 | 2,966 | $30.50 | 18,336 | No | 4 | F | Direct | |
| Common Units | Disposition | 2014-03-06 | 1,626 | $30.42 | 16,710 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Direct | |
| No | 4 | F | Direct | |
| No | 4 | S | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Units | Phantom Units with tandem DERs (Common Units) | Disposition | 2014-03-04 | 672 | $0.00 | 0 | $0.00 |
| Common Units | Phantom Units with tandem DERs | Disposition | 2014-03-04 | 10,171 | $0.00 | 10,171 | $0.00 |
| Common Units | Phantom Units with tandem DERs | Acquisiton | 2014-03-04 | 27,049 | $0.00 | 27,049 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 0 | No | 4 | M | Direct | ||
| 20,342 | No | 4 | M | Direct | ||
| 27,049 | No | 4 | A | Direct |
Footnotes
- This transaction represents the vesting of one-third of the phantom units with tandem Distribution Equivalent Rights (DERs) granted to the reporting person under the Exterran Partners, L.P. Long-Term Incentive Plan (EXLP LTIP). Each phantom unit vested in the form of a common unit. The vested DERs were paid in cash pursuant to the award agreement. Pursuant to applicable SEC reporting requirements, the settlement of the phantom units in exchange for common units of EXLP is reported on this Form 4 as a disposition of the phantom units being settled and a simultaneous acquisition of the underlying common units.
- Issuer withheld the maximum allowable units to satisfy the tax withholding obligations associated with the vesting of phantom units.
- These transactions were executed in accordance with a Rule 10b5-1 trading plan adopted by the reporting person on June 13, 2013.
- The price reported is a weighted average price. The units were sold in multiple transactions at prices ranging from $30.27 to $30.50, inclusive.
- This award represents a grant of phantom units with tandem Distribution Equivalent Rights (DERs) under the Exterran Partners, L.P. Long-Term Incentive Plan (EXLP LTIP) which vests over a three-year period at the rate of one-third per year. The award is payable in cash or common units at the discretion of the Company and DERs are payable in cash as they are paid to common unitholders. Each phantom unit is the economic equivalent of an EXLP common unit. Vesting is subject to acceleration due to a qualifying change of control and termination without Cause by the Company or for Good Reason by the reporting person. Any unvested portion of this award will be forfeited upon termination of service or employment, unless the termination is due to death or disability.
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