Filing Details

Accession Number:
0001140361-14-011551
Form Type:
4
Zero Holdings:
No
Publication Time:
2014-03-06 20:46:06
Reporting Period:
2014-03-04
Filing Date:
2014-03-06
Accepted Time:
2014-03-06 20:46:06
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
1457663 S David Miller 16666 Northchase Drive
Houston TX 77060
Svp & Cfo 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 1,825 $0.00 11,675 No 4 M Direct
Common Units Disposition 2014-03-04 457 $30.50 11,218 No 4 F Direct
Common Units Disposition 2014-03-06 272 $30.36 10,946 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 Disposition 2014-03-04 422 $0.00 422 $0.00
Common Units Phantom Units with tandem DERs Disposition 2014-03-04 1,403 $0.00 1,403 $0.00
Common Units Phantom Units with tandem DERs Acquisiton 2014-03-04 4,508 $0.00 4,508 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
422 No 4 M Direct
2,806 No 4 M Direct
4,508 No 4 A Direct
Footnotes
  1. 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.
  2. Issuer withheld the maximum allowable units to satisfy the tax withholding obligations associated with the vesting of the phantom units.
  3. These transactions were executed in accordance with a Rule 10b5-1 trading plan adopted by the reporting person on June 13, 2013.
  4. The price reported is a weighted average price. The units were sold in multiple transactions at prices ranging from $30.26 to $30.42, inclusive.
  5. 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.