SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
TETRA TECHNOLOGIES INC

(Last) (First) (Middle)
24955 INTERSTATE 45 NORTH

(Street)
THE WOODLANDS TX 77380

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
CSI Compressco LP [ CCLP ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director X 10% Owner
Officer (give title below) X Other (specify below)
Director by Deputization (3)
3. Date of Earliest Transaction (Month/Day/Year)
01/20/2017
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
X Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Units representing limited partner interests 01/24/2017 01/20/2017 D 159,192 A (1)(2) 14,250,709 I see footnotes(3)(4)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
1. Name and Address of Reporting Person*
TETRA TECHNOLOGIES INC

(Last) (First) (Middle)
24955 INTERSTATE 45 NORTH

(Street)
THE WOODLANDS TX 77380

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) X Other (specify below)
Director by Deputization (3)
1. Name and Address of Reporting Person*
Compressco Field Services, L.L.C.

(Last) (First) (Middle)
101 PARK AVENUE
SUITE 1200

(Street)
OKLAHOMA CITY OK 73102

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) X Other (specify below)
Director by Deputization (3)
1. Name and Address of Reporting Person*
COMPRESSCO INC

(Last) (First) (Middle)
101 PARK AVENUE
SUITE 1200

(Street)
OKLAHOMA CITY OK 73102

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) X Other (specify below)
Director by Deputization (3)
1. Name and Address of Reporting Person*
CSI Compressco GP Inc

(Last) (First) (Middle)
3809 S FM 1788

(Street)
MIDLAND TX 79706

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) X Other (specify below)
Director by Deputization (3)
Explanation of Responses:
1. The common units representing limited partner interests (the "Common Units") reported hereby were issued by CSI Compressco LP (the "Issuer") as consideration for the fourth quarter reimbursement of certain expenses (the "Fourth Quarter Reimbursement") to TETRA Technologies, Inc. ("TTI") pursuant to that certain Omnibus Agreement, dated June 20, 2011, as amended on June 20, 2014, by and among TTI, CSI Compressco GP Inc.(the "General Partner") and the Issuer. The board of directors of the General Partner (the "Board") and a Conflicts Committee established by the Board (the "Conflicts Committee") approved the issuance of the Common Units equal in value to the amount of the Fourth Quarter Reimbursement, instead of making a cash payment for such amount (the "Common Unit Issuance").
2. (cont.) The Conflicts Committee approved the Common Unit Issuance with such number of Common Units determined by the quotient of the Fourth Quarter Reimbursement amount divided by 98% of the arithmetic average of the volume weighted average trading price of the Common Units on each trading day during the twenty day trading period immediately prior to January 20, 2017.
3. Each of the reporting persons may be deemed a "director by deputization" of the Issuer by reason of the fact that all directors of the General Partner of the Issuer are designated by TTI.
4. The Common Units reported hereby in connection with the Common Unit Issuance are owned directly by CSI Compressco Investment, LLC, a direct, wholly owned subsidiary of the General Partner, and may be deemed to be beneficially owned by (i) the General Partner, a direct, wholly owned subsidiary of Compressco Field Services, L.L.C. ("CFS") (ii) CFS, a direct, wholly owned subsidiary of Compressco, Inc. ("CI"), (iii) CI, a direct, wholly owned subsidiary of TTI and (iv) TTI. 1,476,087 of the reported Common Units are owned directly by TETRA International Incorporated, a direct, wholly owned subsidiary of TTI, and may be deemed to be beneficially owned by TTI. 11,225,140 of the Common Units are owned directly by the General Partner, and may be deemed beneficially owned by TTI.
Remarks:
Bass C. Wallace, Jr., Sr. Vice President and General Counsel of TETRA Technologies, Inc., a Delaware corporation 01/24/2017
Bass C. Wallace, Jr., Attorney-in-fact for Compressco Field Services, L.L.C., an Oklahoma limited liability company 01/24/2017
Bass C. Wallace, Jr., Attorney-in-fact for Compressco, Inc., a Delaware corporation 01/24/2017
Bass C. Wallace, Jr., General Counsel, Assistant Secretary, Assistant Treasurer of CSI Compressco GP Inc., a Delaware corporation 01/24/2017
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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