0001140361-14-011552.txt : 20140306 0001140361-14-011552.hdr.sgml : 20140306 20140306204642 ACCESSION NUMBER: 0001140361-14-011552 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20140304 FILED AS OF DATE: 20140306 DATE AS OF CHANGE: 20140306 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: EXTERRAN PARTNERS, L.P. CENTRAL INDEX KEY: 0001367064 STANDARD INDUSTRIAL CLASSIFICATION: NATURAL GAS TRANSMISSION [4922] IRS NUMBER: 223935108 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 4444 BRITTMORE ROAD CITY: HOUSTON STATE: TX ZIP: 77041-8004 BUSINESS PHONE: 713-335-7000 MAIL ADDRESS: STREET 1: 4444 BRITTMORE ROAD CITY: HOUSTON STATE: TX ZIP: 77041-8004 FORMER COMPANY: FORMER CONFORMED NAME: Universal Compression Partners, L.P. DATE OF NAME CHANGE: 20060621 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Bickett Kenneth R CENTRAL INDEX KEY: 0001334097 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-33078 FILM NUMBER: 14674900 MAIL ADDRESS: STREET 1: 4444 BRITTMOORE CITY: HOUSTON STATE: TX ZIP: 77041 4 1 doc1.xml FORM 4 X0306 4 2014-03-04 0 0001367064 EXTERRAN PARTNERS, L.P. EXLP 0001334097 Bickett Kenneth R 16666 NORTHCHASE DRIVE HOUSTON TX 77060 0 1 0 0 VP, Controller Common Units 2014-03-04 4 M 0 817 0 A 1310 D Common Units 2014-03-04 4 F 0 224 30.50 D 1086 D Common Stock 2014-03-06 4 S 0 100 30.28 D 986 D Common Units 2014-03-06 4 S 0 23 30.27 D 963 D Phantom Units with tandem DERs 2014-03-04 4 M 0 234 0 D Common Units 234 0 D Phantom Units with tandem DERs 2014-03-04 4 M 0 281 0 D Common Units 281 281 D Phantom Units with tandem DERs 2014-03-04 4 M 0 302 0 D Common Units 302 603 D Phantom Units with tandem DERs 2014-03-04 4 A 0 738 0 A Common Units 738 738 D This transaction represents the vesting of one-third of the phantom units with tandem Distribution Equivalent Rights (DERs) granted to the reporting person under the Exterran Partners, L.P. Long-Term Incentive Plan (EXLP LTIP). Each phantom unit vested in the form of a common unit. The vested DERs were paid in cash pursuant to the award agreement. Pursuant to applicable SEC reporting requirements, the settlement of the phantom units in exchange for common units of EXLP is reported on this Form 4 as a disposition of the phantom units being settled and a simultaneous acquisition of the underlying common units. Issuer withheld the maximum allowable units to satisfy the tax withholding obligations associated with the vesting of phantom units. These transactions were executed in accordance with a Rule 10b5-1 trading plan adopted by the reporting person on June 13, 2013. This award represents a grant of phantom units with tandem Distribution Equivalent Rights (DERs) under the Exterran Partners, L.P. Long-Term Incentive Plan (EXLP LTIP) which vests over a three-year period at the rate of one-third per year. The award is payable in cash or common units at the discretion of the Company and DERs are payable in cash as they are paid to common unitholders. Each phantom unit is the economic equivalent of an EXLP common unit. Vesting is subject to acceleration due to a qualifying change of control and termination without Cause by the Company or for Good Reason by the reporting person. Any unvested portion of this award will be forfeited upon termination of service or employment, unless the termination is due to death or disability. Susan Miller, Attorney-in-fact 2014-03-06