Filing Details

Accession Number:
0001140361-11-015032
Form Type:
4
Zero Holdings:
No
Publication Time:
2011-03-08 14:53:59
Reporting Period:
2011-03-04
Filing Date:
2011-03-08
Accepted Time:
2011-03-08 14:53:59
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
1431647 Joseph Kishkill 16666 Northchase Drive
Houston TX 77060
Senior Vice President No 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 2011-03-04 2,841 $0.00 4,343 No 4 M Direct
Common Units Disposition 2011-03-04 711 $28.50 3,632 No 4 F Direct
Common Stock Disposition 2011-03-07 283 $28.12 3,349 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 2011-03-04 2,003 $0.00 2,003 $0.00
Common Units Phantom Units with tandem DERs Disposition 2011-03-04 838 $0.00 838 $0.00
Common Units Phantom Units with tandem DERs Acquisiton 2011-03-04 2,018 $0.00 2,018 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
2,003 No 4 M Direct
1,675 No 4 M Direct
2,018 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 phantom units.
  3. 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 beginning on the first anniversary of the date of grant and on each successive anniversary of the initial date of grant. The award is payable in cash or common units at the discretion of the Company and vested DERs are payable in cash. Each phantom unit is the economic equivalent of an EXLP common unit. Vesting is subject to acceleration due to a qualifying change of control. Any unvested portion of this award will be forfeited upon termination of service or employment, unless the termination is due to death or disability.