Sean T. Kimble - Dec 15, 2023 Form 4 Insider Report for USA Compression Partners, LP (USAC)

Role
Officer
Signature
/s/ Sean T. Kimble
Stock symbol
USAC
Transactions as of
Dec 15, 2023
Transactions value $
-$494,607
Form type
4
Date filed
12/19/2023, 05:14 PM
Previous filing
Dec 7, 2023
Next filing
Mar 15, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction USAC Common Units Options Exercise +14.8K +28.5% 66.6K Dec 15, 2023 Direct F1, F2
transaction USAC Common Units Disposed to Issuer -$173K -7.39K -11.09% $23.44 59.2K Dec 15, 2023 Direct
transaction USAC Common Units Options Exercise +27.4K +46.34% 86.6K Dec 15, 2023 Direct F1, F2
transaction USAC Common Units Disposed to Issuer -$322K -13.7K -15.83% $23.44 72.9K Dec 15, 2023 Direct

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 -14.8K -100% 0 Dec 15, 2023 Common Units 14.8K Direct F1, F2, F3, F4
transaction USAC Phantom Units Options Exercise -27.4K -60% 18.3K Dec 15, 2023 Common Units 27.4K Direct F1, F2, F5, F6, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Reporting Person settled approximately 50% of his newly vested phantom units for cash and the rest for common units.
F2 Each phantom unit is the economic equivalent of one common unit of USA Compression Partners, LP (the "Issuer").
F3 These phantom units were awarded on December 5, 2018.
F4 These phantom units vested in full on December 5, 2023.
F5 These phantom units were awarded on December 5, 2020.
F6 The phantom units vest incrementally, with 60% of the phantom units vesting on December 5, 2023 and 40% of the phantom units vesting on December 5, 2025.
F7 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, Human Resources 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.