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

Reporting relationship: Officer
Issuer ticker: USAC
Reported as of: 15 Dec 2023
Net transaction value: -$494,607
SEC form: 4
Accepted by SEC: 19 Dec 2023, 17:14:31 UTC
Prior SEC filing: 07 Dec 2023
Next SEC filing: 15 Mar 2024
Source filing: View source filing
Reporting owner signature: /s/ Sean T. Kimble

Key filing fact

Sean T. Kimble filed Form 4 for USA Compression Partners, LP (USAC) on 19 Dec 2023.

Key facts

This page summarizes Sean T. Kimble's Form 4 filing for USA Compression Partners, LP (USAC).
6 reported transactions and 2 derivative rows are listed below.
Accepted by SEC: 19 Dec 2023, 17:14.

Change

Previous filing in this sequence was filed on 07 Dec 2023.
Current net transaction value: -$494,607.

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: +14,770
Change %: +29%
Price
Shares after: 66,587
Date: 15 Dec 2023
Ownership: Direct
Footnotes: F1, F2

USAC transaction

Common Units

Disposed to Issuer

Transaction value: $173,104
Shares: -7,385
Change %: -11%
Price: $23.44
Shares after: 59,202
Date: 15 Dec 2023
Ownership: Direct

USAC transaction

Common Units

Options Exercise

Transaction value
Shares: +27,432
Change %: +46%
Price
Shares after: 86,634
Date: 15 Dec 2023
Ownership: Direct
Footnotes: F1, F2

USAC transaction

Common Units

Disposed to Issuer

Transaction value: $321,503
Shares: -13,716
Change %: -16%
Price: $23.44
Shares after: 72,918
Date: 15 Dec 2023
Ownership: Direct

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: -14,770
Change %: -100%
Price
Shares after: 0
Date: 15 Dec 2023
Ownership: Direct
Underlying class: Common Units
Underlying amount: 14,770
Exercise price
Footnotes: F1, F2, F3, F4

USAC transaction Derivative

Phantom Units

Options Exercise

Transaction value
Shares: -27,432
Change %: -60%
Price
Shares after: 18,287
Date: 15 Dec 2023
Ownership: Direct
Underlying class: Common Units
Underlying amount: 27,432
Exercise price
Footnotes: F1, F2, F5, F6, F7

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 7 footnotes

Footnote F1

The Reporting Person settled approximately 50% of his newly vested phantom units for cash and the rest for common units.

Footnote F2

Each phantom unit is the economic equivalent of one common unit of USA Compression Partners, LP (the "Issuer").

Footnote F3

These phantom units were awarded on December 5, 2018.

Footnote F4

These phantom units vested in full on December 5, 2023.

Footnote F5

These phantom units were awarded on December 5, 2020.

Footnote 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.

Footnote 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.

SEC 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.