Archrock Partners, L.P. 4
4 · Archrock Partners, L.P. · Filed Apr 28, 2017
Insider Transaction Report
Form 4
Miller David S
DirectorChief Financial Officer
Transactions
- Award
Phantom Units with tandem DERs
2017-04-26+7,063→ 7,063 totalExercise: $0.00From: 2018-08-20Exp: 2020-08-20→ Common Units (7,063 underlying)
Footnotes (1)
- [F1]Represents an award of phantom units with tandem Distribution Equivalent Rights (DERs) under the Archrock Partners, L.P. 2017 Long-Term Incentive Plan. The award vests one-third on each of August 20, 2018, August 20, 2019 and August 20, 2020, subject to continued employment on the respective date of vesting. The award is payable in common units and DERs are payable as and when they are paid to common unitholders. Each phantom unit is the economic equivalent of an APLP common unit. The award is subject to accelerated vesting or forfeiture under certain conditions as set out in a Change of Control Agreement, Severance Benefit Agreement and Award Notice and Agreement.