Spartan Energy Partners LP - Apr 1, 2024 Form 4 Insider Report for CSI Compressco LP (CCLP)

Role
10%+ Owner
Signature
SPARTAN ENERGY PARTNERS, LP, By: Spartan Energy Partners GP LLC, its general partner, By: /s/ Jonathan W. Byers, Name: Jonathan W. Byers, Title: Secretary
Stock symbol
CCLP
Transactions as of
Apr 1, 2024
Transactions value $
$0
Form type
4
Date filed
4/1/2024, 08:34 PM
Previous filing
Nov 22, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CCLP Common Units Representing Limited Partner Interests Disposed to Issuer -52.9M -100% 0 Apr 1, 2024 Direct F1, F2
transaction CCLP Common Units Representing Limited Partner Interests Disposed to Issuer -11M -100% 0 Apr 1, 2024 See footnote F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Spartan Energy Partners LP is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 This Form 4 reports securities disposed of in connection with the Agreement and Plan of Merger (the "Merger Agreement"), dated as of December 19, 2023, by and among CSI Compressco LP (the "Partnership"), CSI Compressco GP LLC, Kodiak Gas Services, Inc. ("Kodiak"), Kodiak Gas Services, LLC, Kick Stock Merger Sub, LLC, Kick GP Merger Sub, LLC, and Kick LP Merger Sub, LLC.
F2 On April 1, 2024, pursuant to the Merger Agreement, each common unit representing limited partner interests in the Partnership ("Partnership Common Units") beneficially owned by the Reporting Person was exchanged for 0.086 (the "Exchange Ratio") shares of Kodiak common stock, par value $0.01 ("Kodiak Common Stock"), with cash paid in lieu of the issuance of fractional shares.
F3 Compressco GP LLC ("Compressco GP") is the record holder of 10,952,478 Partnership Common Units. Spartan Energy Holdco LLC ("Spartan Holdco") is the sole member of Compressco GP. Spartan Energy Partners GP LLC ("Spartan GP") is the general partner of Spartan Energy Partners LP ("Spartan LP"), which is the sole member of Spartan Holdco. As a result, each of Spartan Holdco, Spartan GP and Spartan LP may be deemed to share beneficial ownership of the Partnership Common Units held by Compressco GP, and Spartan GP may be deemed to share beneficial ownership of the Partnership Common Units held by Spartan LP.

Remarks:

The filing of this Form 4 constitutes an exit filing by the Reporting Person as former holders of more than 10% as a beneficial owner of the Issuer.