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

Source evidence Original filing metadata and source links for verification. 4 source fields
SEC form
4
Accepted by SEC
21 Dec 2021, 15:58:29 UTC
Prior SEC filing
07 Dec 2021
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Matthew C. Liuzzi

Key filing fact

Matthew C. Liuzzi filed Form 4 for USA Compression Partners, LP (USAC) on 21 Dec 2021.

Key facts

  • This page summarizes Matthew C. Liuzzi'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, 15:58.

Change

  • Previous filing in this sequence was filed on 07 Dec 2021.
  • Current net transaction value: -$464,912.

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

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

USAC transaction

Common Units

Options Exercise

Transaction value
Shares
+21,000
Change %
+8.2%
Price
Shares after
277,077
Date
17 Dec 2021
Ownership
Direct
Footnotes
F1, F2, F3
USAC transaction

Common Units

Disposed to Issuer

Transaction value
$157,080
Shares
-10,500
Change %
-3.8%
Price
$14.96
Shares after
266,577
Date
17 Dec 2021
Ownership
Direct
Footnotes
F3
USAC transaction

Common Units

Options Exercise

Transaction value
Shares
+41,153
Change %
+15%
Price
Shares after
307,730
Date
17 Dec 2021
Ownership
Direct
Footnotes
F1, F2, F3
USAC transaction

Common Units

Disposed to Issuer

Transaction value
$307,832
Shares
-20,577
Change %
-6.7%
Price
$14.96
Shares after
287,153
Date
17 Dec 2021
Ownership
Direct
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
-21,000
Change %
-60%
Price
Shares after
14,000
Date
17 Dec 2021
Ownership
Direct
Underlying class
Common Units
Underlying amount
21,000
Exercise price
Footnotes
F1, F2, F4, F5, F6
USAC transaction Derivative

Phantom Units

Options Exercise

Transaction value
Shares
-41,153
Change %
-60%
Price
Shares after
27,434
Date
17 Dec 2021
Ownership
Direct
Underlying class
Common Units
Underlying amount
41,153
Exercise price
Footnotes
F1, F2, F5, 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

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 the Issuer's Distribution Reinvestment Plan.

Footnote F4

These phantom units were awarded on November 1, 2018.

Footnote 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.

Footnote 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.

Footnote F7

These phantom units were awarded on December 5, 2018.

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.

SEC 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.

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