James C. Gouin - Oct 13, 2022 Form 4 Insider Report for Exterran Corp (EXTN)

Role: Director
Signature: /s/ Kelly M. Battle, Attorney-in-fact
Stock symbol: EXTN
Transactions as of: Oct 13, 2022
Transactions value $: $0
Form type: 4
Date filed: 10/13/2022, 08:02 PM
Previous filing: Jan 4, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	Price $	Shares After	Date	Ownership	Footnotes
transaction	EXTN	Common Stock	Disposed to Issuer	$0	-29K	-100%	$0.00	0	Oct 13, 2022	Direct	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	EXTN	Phantom Units	Disposed to Issuer	$0	-25.8K	-100%	$0.00	0	Oct 13, 2022	Common Stock	25.8K		Direct	F1, F2

James C. Gouin is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id	Content
F1	On January 24, 2022, the Company, Enerflex Ltd., a Canadian corporation ("Sucessor"), and Enerflex US Holdings Inc., a Delaware corporation and a direct wholly-owned subsidiary of Successor entered into a definitive Agreement and Plan of Merger ("Merger Agreement"). Subject to the terms and conditions of the Merger Agreement, each share of common stock of the Company was converted into the right to receive 1.021 Successor common shares.
F2	Exterran Corporation (the "Company") made a grant of phantom units under the 2020 Omnibus Incentive Plan (the "Plan") representing payment to the reporting person of retainer and meeting fees. The phantom units become payable in shares of common stock (or cash in lieu of any fractional shares) within 30 days following (i) a deferral date selected by the reporting person, (ii) the reporting person's Separation from Service (as defined in the Plan) for any reason or (iii) the date of a Change of Control (as defined in the Plan) of the Company.

Content

On January 24, 2022, the Company, Enerflex Ltd., a Canadian corporation ("Sucessor"), and Enerflex US Holdings Inc., a Delaware corporation and a direct wholly-owned subsidiary of Successor entered into a definitive Agreement and Plan of Merger ("Merger Agreement"). Subject to the terms and conditions of the Merger Agreement, each share of common stock of the Company was converted into the right to receive 1.021 Successor common shares.

Exterran Corporation (the "Company") made a grant of phantom units under the 2020 Omnibus Incentive Plan (the "Plan") representing payment to the reporting person of retainer and meeting fees. The phantom units become payable in shares of common stock (or cash in lieu of any fractional shares) within 30 days following (i) a deferral date selected by the reporting person, (ii) the reporting person's Separation from Service (as defined in the Plan) for any reason or (iii) the date of a Change of Control (as defined in the Plan) of the Company.