Eric D. Long - Dec 15, 2023 Form 4 Insider Report for USA Compression Partners, LP (USAC)

Role
Officer, Director
Signature
/s/ Eric D. Long
Stock symbol
USAC
Transactions as of
Dec 15, 2023
Transactions value $
-$2,752,583
Form type
4
Date filed
12/19/2023, 05:21 PM
Previous filing
Dec 7, 2023
Next filing
Feb 21, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction USAC Common Units Options Exercise +70.7K +18.31% 457K Dec 15, 2023 Direct F1, F2
transaction USAC Common Units Disposed to Issuer -$829K -35.4K -7.74% $23.44 422K Dec 15, 2023 Direct
transaction USAC Common Units Options Exercise +36K +8.53% 458K Dec 15, 2023 Direct F1, F2
transaction USAC Common Units Disposed to Issuer -$422K -18K -3.93% $23.44 440K Dec 15, 2023 Direct
transaction USAC Common Units Options Exercise +128K +29.13% 568K Dec 15, 2023 Direct F1, F2
transaction USAC Common Units Disposed to Issuer -$1.5M -64.1K -11.28% $23.44 504K Dec 15, 2023 Direct
holding USAC Common Units 23.2K Dec 15, 2023 By Alex B Long Trust F3, F4
holding USAC Common Units 33.2K Dec 15, 2023 By Adam Ericson Long Trust F3, F4
holding USAC Common Units 17.6K Dec 15, 2023 By Aladdin Partners, L.P. F3

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 -70.7K -100% 0 Dec 15, 2023 Common Units 70.7K Direct F1, F2, F5, F6
transaction USAC Phantom Units Options Exercise -36K -100% 0 Dec 15, 2023 Common Units 36K Direct F1, F2, F6, F7
transaction USAC Phantom Units Options Exercise -128K -60% 85.4K Dec 15, 2023 Common Units 128K Direct F1, F2, F8, F9, F10
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each phantom unit is the economic equivalent of one common unit of USA Compression Partners, LP (the "Issuer").
F2 The Reporting Person settled approximately 50% of his newly vested phantom units for cash and the rest for common units.
F3 Includes common units acquired under USA Compression Partners, LP Distribution Reinvestment Plan.
F4 Common units held by each of the Alex B. Long Trust and the Adam Ericson Long Trust, of which the Reporting Person is the trustee under agreements dated April 17, 2007.
F5 These phantom units were awarded on December 5, 2018.
F6 The phantom units vested in full on December 5, 2023.
F7 These phantom units were awarded on November 1, 2018.
F8 These phantom units were awarded on December 5, 2020.
F9 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.
F10 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. Notwithstanding the foregoing, if the Reporting Person retires after attaining the age of 65, 60% of his then-unvested phantom units will be forfeited at the time of retirement.

Remarks:

The Reporting Person is the President, Chief Executive Officer and Director 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.