J. Heath Deneke - Aug 1, 2024 Form 4 Insider Report for Summit Midstream Partners, LP (SMLP)

Role
Officer, Director
Signature
/s/ James D. Johnston, Attorney-in-Fact for J. Heath Deneke
Stock symbol
SMLP
Transactions as of
Aug 1, 2024
Transactions value $
$0
Form type
4
Date filed
8/2/2024, 09:12 PM
Previous filing
Mar 19, 2024
Next filing
Nov 19, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SMLP Common Units Disposed to Issuer $0 -288K -100% $0.00* 0 Aug 1, 2024 Direct F1, F2

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 SMLP Phantom Units Disposed to Issuer $0 -328K -100% $0.00* 0 Aug 1, 2024 Common Units 328K Direct F1, F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

J. Heath Deneke is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 On August 1, 2024 (the "Effective Time"), in connection with the corporate reorganization of Summit Midstream Partners, LP (the "Partnership"), the Partnership converted from a master limited partnership to a C corporation (the "Corporate Reorganization") through the merger between the Partnership and Summit SMC NewCo, LLC ("Merger Sub"), a wholly-owned subsidiary of Summit Midstream Corporation (the "Corporation"), wherein Merger Sub merged with and into the Partnership (the "Merger"), with the Partnership surviving the Merger as a wholly-owned subsidiary of the Corporation.
F2 After the Effective Time, the Reporting Person holds an aggregate 0 phantom units. This total includes phantom units from other tranches with different vesting dates.
F3 Each phantom unit is the economic equivalent of one common unit.
F4 The phantom units and associated distribution equivalent rights do not expire. The phantom units are settled upon vesting in common units (on a one-for-one basis) or in cash, at the discretion of the Partnership.

Remarks:

The Reporting Person is President and Chief Executive Officer of Summit Midstream 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.