Matthew C. Liuzzi - Dec 17, 2021 Form 4 Insider Report for USA Compression Partners, LP (USAC)

Role
Officer
Signature
/s/ Matthew C. Liuzzi
Stock symbol
USAC
Transactions as of
Dec 17, 2021
Transactions value $
-$464,912
Form type
4
Date filed
12/21/2021, 03:58 PM
Previous filing
Dec 7, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction USAC Common Units Options Exercise +21K +8.2% 277K Dec 17, 2021 Direct F1, F2, F3
transaction USAC Common Units Disposed to Issuer -$157K -10.5K -3.79% $14.96 267K Dec 17, 2021 Direct F3
transaction USAC Common Units Options Exercise +41.2K +15.44% 308K Dec 17, 2021 Direct F1, F2, F3
transaction USAC Common Units Disposed to Issuer -$308K -20.6K -6.69% $14.96 287K Dec 17, 2021 Direct F3

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 USAC Phantom Units Options Exercise -21K -60% 14K Dec 17, 2021 Common Units 21K Direct F1, F2, F4, F5, F6
transaction USAC Phantom Units Options Exercise -41.2K -60% 27.4K Dec 17, 2021 Common Units 41.2K Direct F1, F2, F5, F7, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each phantom unit is the economic equivalent of one common unit of USA Compression Partners, LP (the "Issuer").
F2 The Reporting Person settled approximately 50% of his newly vested phantom units for cash and the rest for common units.
F3 Includes common units acquired under the Issuer's Distribution Reinvestment Plan.
F4 These phantom units were awarded on November 1, 2018.
F5 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.
F6 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.
F7 These phantom units were awarded on December 5, 2018.
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.

Remarks:

The Reporting Person is the Vice President, Chief Financial Officer and Treasurer 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.