John Patrick Ryan - 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, 08:05 PM
Previous filing
Mar 8, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EXTN Common Stock Disposed to Issuer $0 -84.2K -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 -43.3K -100% $0.00* 0 Oct 13, 2022 Common Stock 43.3K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

John Patrick Ryan 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.