Home > Insider Trading > Filing (0001104659-17-067510)

Filing Details

Accession Number:: 0001104659-17-067510
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2017-11-09 19:31:17
Reporting Period:: 2017-11-07

Accepted Time:: 2017-11-09 19:31:17
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1362705	Sanchez Midstream Partners Lp	SNMP	()	4

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1231922	Iii R Antonio Sanchez	1000 Main Street, Suite 3000 Houston TX 77002		Yes	No	No	No

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Units	Acquisiton	2017-11-07	186,942	$11.14	186,942	No	4	A	Indirect	By SP Holdings, LLC
Common Units	Disposition	2017-11-07	186,942	$0.00	0	No	4	J	Indirect	By SP Holdings, LLC
Common Units	Disposition	2017-11-08	841	$13.00	295,267	No	4	S	Direct
Common Units	Disposition	2017-11-09	300	$13.00	294,967	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	A	Indirect	By SP Holdings, LLC
No	4	J	Indirect	By SP Holdings, LLC
No	4	S	Direct
No	4	S	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Units	296,108	Direct
Common Units	35,320	Indirect	By Sanchez Oil & Gas Corporation

Footnotes

Represents an anticipated distribution to SP Holdings, LLC ("SP Holdings") of 186,942 Issuer common units pursuant to the Amended and Restated Shared Services Agreement, dated March 6, 2015, by and between Issuer and SP Holdings (the "Shared Services Agreement"), and an anticipated concurrent distribution by SP Holdings of all 186,942 Issuer common units to its sole member, SP Capital Holdings, LLC ("SP Capital"), for no consideration.
Concurrently with such aforementioned distributions, SP Capital will distribute (i) 172,921 common units to its members on a pro rata basis and for no consideration (including the 44,960 common units distributed to Reporting Person) and (ii) the remaining 14,021 common units to one individual, cumulatively resulting in exempt distributions under Rule 16a-9 and/or Rule 16a-13 of 186,942 Issuer common units to SP Capital, 172,921 common units to the members of SP Capital (including Reporting Person) and 14,021 common units to one individual.
These Issuer common units will be owned directly by SP Holdings. SP Holdings is owned and controlled by its sole member, SP Capital. SP Capital is managed by Reporting Person and other members of the Sanchez family. Reporting Person may be deemed to share voting and dispositive power over the securities controlled by SP Capital. Reporting Person 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 Reporting Person of the reported securities for purposes of Section 16 or any other purpose.
The sales of common units directly owned by Reporting Person reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan established by Reporting Person and were used to satisfy Reporting Person's federal income tax obligations with respect to various distributions of common units pursuant to the Shared Services Agreement.
These securities are owned directly by Sanchez Oil & Gas Corporation ("SOG"). SOG is managed by Reporting Person and other members of the Sanchez family. Reporting Person shares voting and dispositive power over the securities controlled by SOG. Reporting Person 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 Reporting Person of the reported securities for purposes of Section 16 or any other purpose.