Key facts
- This page summarizes Eric D. Long's Form 4 filing for USA Compression Partners, LP (USAC).
- 3 reported transactions and 1 derivative row are listed below.
- Accepted by SEC: 06 Dec 2022, 17:19.
Eric D. Long - 02 Dec 2022 Form 4 Insider Report for USA Compression Partners, LP (USAC)
- Reporting relationship
- Officer, Director
- Issuer ticker
- USAC
- Reported as of
- 02 Dec 2022
- Net transaction value
- -$376,471
- SEC form
- 4
- Accepted by SEC
- 06 Dec 2022, 17:19:56 UTC
- Prior SEC filing
- 21 Dec 2021
- Next SEC filing
- 13 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 06 Dec 2022.
Change
- Previous filing in this sequence was filed on 21 Dec 2021.
- Current net transaction value: -$376,471.
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
Sale
- Transaction value
- $58,662
- Shares
- -3,117
- Change %
- -0.58%
- Price
- $18.82
- Shares after
- 532,316
- Date
- 02 Dec 2022
- Ownership
- Direct
- Footnotes
- F1, F2, F3
USAC
transaction
Common Units
Sale
- Transaction value
- $317,809
- Shares
- -17,291
- Change %
- -3.2%
- Price
- $18.38
- Shares after
- 515,025
- Date
- 05 Dec 2022
- Ownership
- Direct
- Footnotes
- F2, F3, F4
USAC
holding
Common Units
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 23,182
- Date
- 02 Dec 2022
- Ownership
- By Alex B Long Trust
- Footnotes
- F3, F5
USAC
holding
Common Units
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 33,182
- Date
- 02 Dec 2022
- Ownership
- By Adam Ericson Long Trust
- Footnotes
- F3, F5
USAC
holding
Common Units
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 17,592
- Date
- 02 Dec 2022
- 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
Award
- Transaction value
- Shares
- +193,611
- Change %
- Price
- Shares after
- 193,611
- Date
- 05 Dec 2022
- Ownership
- Direct
- Underlying class
- Common Units
- Underlying amount
- 193,611
- Exercise price
- Footnotes
- F6, F7, F8
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 8 footnotes
Footnote F1
Represents the weighted average unit price of an aggregate total of 3,117 common units sold in the price range of $18.75 to $18.94 by the Reporting Person. The Reporting Person undertakes to provide upon request by the Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer, full information regarding the number of common units sold at each separate price.
Footnote F2
The common units were sold by the Reporting Person for tax planning purposes.
Footnote F3
Includes common units acquired under USA Compression Partners, LP (the "Issuer") Distribution Reinvestment Plan.
Footnote F4
Represents the weighted average unit price of an aggregate total of 17,291 common units sold in the price range of $18.25 to $18.59 by the Reporting Person. The Reporting Person undertakes to provide upon request by the Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer, full information regarding the number of common units sold at each separate price.
Footnote F5
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 F6
Each phantom unit is the economic equivalent of one common unit of the Issuer.
Footnote F7
The phantom units vest incrementally, with 60% of the phantom units vesting on December 5, 2025 and 40% of the phantom units vesting on December 5, 2027.
Footnote F8
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 65-68, 60% of his then-unvested phantom units will be forfeited at the time of retirement. If the Reporting Person retires and is over age 68, 50% 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.