Key facts
- This page summarizes Eric D. Long's Form 4 filing for USA Compression Partners, LP (USAC).
- 6 reported transactions and 2 derivative rows are listed below.
- Accepted by SEC: 21 Dec 2021, 16:14.
Eric D. Long - 17 Dec 2021 Form 4 Insider Report for USA Compression Partners, LP (USAC)
- Reporting relationship
- Officer, Director
- Issuer ticker
- USAC
- Reported as of
- 17 Dec 2021
- Net transaction value
- -$1,197,742
- SEC form
- 4
- Accepted by SEC
- 21 Dec 2021, 16:14:57 UTC
- Prior SEC filing
- 07 Dec 2021
- Next SEC filing
- 06 Dec 2022
- Source filing
- View source filing
- Reporting owner signature
- /s/ Eric D. Long
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Eric D. Long filed Form 4 for USA Compression Partners, LP (USAC) on 21 Dec 2021.
Change
- Previous filing in this sequence was filed on 07 Dec 2021.
- Current net transaction value: -$1,197,742.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
USAC
transaction
Common Units
Options Exercise
- Transaction value
- Shares
- +54,000
- Change %
- +12%
- Price
- Shares after
- 509,371
- Date
- 17 Dec 2021
- Ownership
- Direct
- Footnotes
- F1, F2, F3
USAC
transaction
Common Units
Disposed to Issuer
- Transaction value
- $403,920
- Shares
- -27,000
- Change %
- -5.3%
- Price
- $14.96
- Shares after
- 482,371
- Date
- 17 Dec 2021
- Ownership
- Direct
- Footnotes
- F3
USAC
transaction
Common Units
Options Exercise
- Transaction value
- Shares
- +106,125
- Change %
- +22%
- Price
- Shares after
- 588,496
- Date
- 17 Dec 2021
- Ownership
- Direct
- Footnotes
- F1, F2, F3
USAC
transaction
Common Units
Disposed to Issuer
- Transaction value
- $793,822
- Shares
- -53,063
- Change %
- -9%
- Price
- $14.96
- Shares after
- 535,433
- Date
- 17 Dec 2021
- Ownership
- Direct
- Footnotes
- F3
USAC
holding
Common Units
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 23,182
- Date
- 17 Dec 2021
- Ownership
- By Alex B Long Trust
- Footnotes
- F3, F4
USAC
holding
Common Units
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 33,182
- Date
- 17 Dec 2021
- Ownership
- By Adam Ericson Long Trust
- Footnotes
- F3, F4
USAC
holding
Common Units
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 17,592
- Date
- 17 Dec 2021
- Ownership
- By Aladdin Partners, L.P.
- Footnotes
- F3
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
USAC
transaction
Derivative
Phantom Units
Options Exercise
- Transaction value
- Shares
- -54,000
- Change %
- -60%
- Price
- Shares after
- 36,000
- Date
- 17 Dec 2021
- Ownership
- Direct
- Underlying class
- Common Units
- Underlying amount
- 54,000
- Exercise price
- Footnotes
- F1, F2, F5, F6, F7
USAC
transaction
Derivative
Phantom Units
Options Exercise
- Transaction value
- Shares
- -106,125
- Change %
- -60%
- Price
- Shares after
- 70,749
- Date
- 17 Dec 2021
- Ownership
- Direct
- Underlying class
- Common Units
- Underlying amount
- 106,125
- Exercise price
- Footnotes
- F1, F2, F6, F8, F9
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 9 footnotes
Footnote F1
Each phantom unit is the economic equivalent of one common unit of USA Compression Partners, LP (the "Issuer").
Footnote F2
The Reporting Person settled approximately 50% of his newly vested phantom units for cash and the rest for common units.
Footnote F3
Includes common units acquired under USA Compression Partners, LP Distribution Reinvestment Plan.
Footnote F4
Common units held by each of the Alex B. Long Trust and the Adam Ericson Long Trust, of which the Reporting Person is the trustee under agreements dated April 17, 2007.
Footnote F5
These phantom units were awarded on November 1, 2018.
Footnote F6
These phantom units vest incrementally, with 60% of the phantom units vesting on December 5, 2021 and 40% of the phantom units vesting on December 5, 2023.
Footnote F7
In the event of the cessation of the Reporting Person's service by the General Partner for cause or by the Reporting Person without good reason, all unvested phantom units at the time of such cessation will automatically be forfeited. Notwithstanding the foregoing, if the Reporting Person retires after attaining the age of 65, 60% of his then-unvested phantom units will be forfeited at the time of retirement.
Footnote F8
These phantom units were awarded on December 5, 2018.
Footnote F9
In the event of the cessation of the Reporting Person's service for any reason, all phantom units that have not vested prior to or in connection with such cessation of service shall automatically be forfeited. Notwithstanding the foregoing, if the Reporting Person retires after attaining the age of 65, 60% of his then-unvested phantom units will be forfeited at the time of retirement
SEC remarks
The Reporting Person is the President, Chief Executive Officer and Director of USA Compression GP, LLC, the general partner of the Issuer (the "General Partner"). The Issuer is managed by the directors and executive officers of the General Partner.