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USA Compression Partners, LP — Director's Dealing 2017
Jan 10, 2017
31398_dirs_2017-01-09_a76bcc39-c5eb-4b15-93ba-82e9de3f939f.zip
Director's Dealing
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SEC Form 3 — Initial Statement of Beneficial Ownership
Issuer: USA Compression Partners, LP (USAC)
CIK: 0001522727
Period of Report: 2017-01-01
Reporting Person: Kimble Sean T (SEE REMARKS)
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Units | 12613 | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Phantom Units | $ | Common Units (2754) | Direct | ||
| Phantom Units | $ | Common Units (11748) | Direct | ||
| Phantom Units | $ | Common Units (64177) | Direct | ||
| Phantom Units | $ | Common Units (16044) | Direct |
Footnotes
F1: The phantom units will vest on 8/15/2017.
F2: In the event of cessation of the Reporting Person's services for any reason, all phantom units that have not vested prior to or in connection with such cessation of service shall automatically be forfeited.
F3: Each phantom unit is the economic equivalent of one common unit of USA Compression Partners, LP.
F4: The phantom units will vest in two equal annual installments, with the first installment vesting on 02/15/2017.
F5: The phantom units will vest in three equal annual installments, with the first installment vesting on 02/15/2017.
F6: The number of phantom units that vest on February 15, 2019 will range between 0% and 200% of the reported number of phantom units generally depending on the Issuer's achievement of certain objective, performance-based criteria during the three years prior to the vesting date. If none or only a portion of phantom units vest as a result of specified performance levels not being met, such number of phantom units that fail to vest will be forfeited. The phantom units shall also vest immediately prior to a change in control regarding the Issuer.