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TETRA TECHNOLOGIES INC — Director's Dealing 2011
Jul 15, 2011
32621_dirs_2011-07-15_d15a8f45-f8a1-4769-bcb0-de5c9e23c83e.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Compressco Partners, L.P. (GSJK)
CIK: 0001449488
Period of Report: 2011-07-15
Reporting Person: TETRA TECHNOLOGIES INC (10% Owner)
Reporting Person: Compressco Partners GP Inc (10% Owner)
Reporting Person: Compressco Field Services Inc. (10% Owner)
Reporting Person: COMPRESSCO INC (10% Owner)
Reporting Person: TETRA International Inc (10% Owner)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2011-07-15 | Common Units representing limited partner interests | J | 400500 | — | Acquired | 6427257 | Indirect |
Footnotes
F1: In connection with the initial public offering of Common Units representing limited partner interests in Compressco Partners, L.P. (the "Issuer"), on June 20, 2011, the reporting persons contributed assets and liabilities having an estimated net market value of $75.3 million as of March 31, 2011 to the capital of the Issuer in exchange for 6,026,757 Common Units and the right to receive up to 400,500 additional Common Units valued at $20.00 per Common Unit if such additional Common Units were not acquired by the underwriters of the initial public offering by July 14, 2011. Accordingly, following expiration of the underwriters' option to purchase the additional Common Units, the 400,500 Common Units reported were obtained from the Issuer for no additional consideration as of July 15, 2011.
F2: 5,704,046 of the reported Common Units are owned directly by Compressco Partners GP Inc. ("CPGP"), the general partner of the Issuer and direct, wholly owned subsidiary of Compressco Field Services, Inc. ("CFSI"), and may be deemed to be beneficially owned by (i) CFSI, a direct, wholly owned subsidiary of Compressco, Inc. ("CI"), (ii) CI, a direct, wholly owned subsidiary of TETRA Technologies, Inc. ("TTI"), and (iii) TTI, and, 723,211 of the reported Common Units are owned directly by TETRA International Incorporated ("TII"), a direct, wholly owned subsidiary of TTI, and may be deemed to be beneficially owned by TTI.