Sanchez Eduardo Augusto 4
4 · Sanchez Midstream Partners LP · Filed Mar 4, 2019
Insider Transaction Report
Form 4
Sanchez Eduardo Augusto
Director
Transactions
- Other
Common Units
2019-03-01−787,750→ 0 total(indirect: By LLC) - Award
Common Units
2019-03-01$2.59/sh+787,750$2,040,273→ 787,750 total(indirect: By LLC)
Holdings
- 711,589
Common Units
Footnotes (3)
- [F1]Represents a distribution to SP Holdings, LLC ("SP Holdings") of 787,750 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 a concurrent distribution by SP Holdings of all 787,750 Issuer common units to its sole member, SP Capital Holdings, LLC ("SP Capital"), for no consideration.
- [F2]Concurrently with such aforementioned distributions, SP Capital distributed (i) 728,669 common units to its members on a pro rata basis and for no consideration (including the 189,454 common units distributed to Reporting Person) and (ii) the remaining 59,081 common units to one individual, cumulatively resulting in exempt distributions under Rule 16a-9 and/or Rule 16a-13 of 787,750 Issuer common units to SP Capital, 728,669 common units to the members of SP Capital (including Reporting Person) and 59,081 common units to one individual.
- [F3]These Issuer 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 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.