Filing Details

Accession Number:
0001104659-17-026391
Form Type:
4
Zero Holdings:
No
Publication Time:
2017-04-26 16:40:16
Reporting Period:
2017-02-24
Filing Date:
2017-04-26
Accepted Time:
2017-04-26 16:40:16
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1362705 Sanchez Production Partners Lp SPP Crude Petroleum & Natural Gas (1311) 113742489
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1638428 Augusto Eduardo Sanchez 1000 Main Street, Suite 3000
Houston TX 77002
Yes No 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 2017-02-24 170,750 $11.66 170,750 No 4 A Indirect By SP Holdings, LLC
Common Units Acquisiton 2017-02-24 154,737 $13.45 325,487 No 4 A Indirect By SP Holdings, LLC
Common Units Disposition 2017-02-24 325,487 $0.00 0 No 4 J Indirect By SP Holdings, LLC
Common Units Disposition 2017-04-24 15,000 $13.97 215,675 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 A Indirect By SP Holdings, LLC
No 4 A Indirect By SP Holdings, LLC
No 4 J Indirect By SP Holdings, LLC
No 4 S Direct
Footnotes
  1. Represents a distribution to SP Holdings, LLC ("SP Holdings") of a total of 325,487 Issuer common units, comprised of 170,750 and 154,737 common units valued at $11.66 and $13.45 per common unit, respectively, on February 24, 2017 pursuant to the Amended and Restated Shared Services Agreement, by and between Issuer and SP Holdings, dated March 6, 2015 (the "Shared Services Agreement"), and a concurrent distribution by SP Holdings of all 325,487 common units to its sole member, SP Capital Holdings, LLC ("SP Capital"), for no consideration.
  2. Concurrently with such aforementioned distributions, SP Capital distributed (i) 301,076 common units to its members on a pro rata basis and for no consideration (including the 78,279 common units distributed to Eduardo Sanchez) and (ii) the remaining 24,411 common units to one individual, cumulatively resulting in exempt distributions under Rule 16a-9 and/or Rule 16a-13 of 325,487 common units to SP Capital, 301,076 common units to the members of SP Capital (including Eduardo Sanchez) and 24,411 common units to one individual.
  3. These common units were owned directly by SP Holdings. SP Holdings is owned and controlled by its sole member, SP Capital. SP Capital is managed by Eduardo Sanchez and other members of the Sanchez family. Eduardo Sanchez may be deemed to share voting and dispositive power over the securities controlled by SP Capital. Eduardo Sanchez disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership by Eduardo Sanchez of the reported securities for purposes of Section 16 or any other purpose.
  4. The sale reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan established by Eduardo Sanchez and was used to satisfy Eduardo Sanchez's federal income tax obligations with respect to various distributions of common units pursuant to the Shared Services Agreement.
  5. This number represents the number of common units beneficially owned as of the date of this filing and takes into account, in addition to the transactions reported herein, other transactions reported on Form 4 and Form 5 filings since February 24, 2017, the date of the earliest transaction reported herein.