Statement of Changes in Beneficial Ownership (4)
January 29 2021 - 4:10PM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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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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1. Name and Address of Reporting Person
*
SERRANO ELIJIO V |
2. Issuer Name and Ticker or Trading Symbol
CSI Compressco LP
[
CCLP
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner _____ Officer (give title below) _____ Other (specify below) SVP & CFO of TETRA (TTI) |
(Last)
(First)
(Middle)
24955 INTERSTATE 45 NORTH |
3. Date of Earliest Transaction
(MM/DD/YYYY)
1/27/2021 |
(Street)
THE WOODLANDS, TX 77380
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Units Representing Limited Partner Interests | 1/27/2021 | | A | | 2482.00 | A | $0.00 (1) | 112273.00 | D | |
Common Units Representing Limited Partner Interests | 1/27/2021 | | F | | 582.00 | D | $1.23 (2) | 111691.00 | D | |
Common Units Representing Limited Partner Interests | 1/27/2021 | | F | | 29646.00 | D | $1.23 (3) | 82045.00 | D | |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. 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 | 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 of Derivative Security: 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 |
Explanation of Responses: |
(1) | Represents dividend equivalent rights accrued on the reporting person's phantom units granted on February 22, 2020 pursuant to the CSI Compressco LP Second Amended and Restated 2011 Long Term Incentive Plan and that were settled proportionately with the award to which they relate. Each dividend equivalent right is the economic equivalent of one Common Unit representing limited partner interests in CSI Compressco LP and may be settled only in Common Units representing limited partner interests in CSI Compressco LP. |
(2) | Reflects units surrendered to the Issuer to satisfy tax withholding obligations upon the vesting of the dividend equivalent rights accrued on the February 22, 2020 phantom unit award. |
(3) | Reflects shares surrendered to the Issuer to satisfy tax withholding obligations upon the vesting of phantom units in connection with the closing of the transactions contemplated by the Purchase and Sale Agreement between TETRA Technologies, Inc. and Spartan Energy Holdco, LLC, dated as of January 29, 2021. The phantom units were originally granted on February 22, 2020. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
SERRANO ELIJIO V 24955 INTERSTATE 45 NORTH THE WOODLANDS, TX 77380 |
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| SVP & CFO of TETRA (TTI) |
Signatures
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Kimberly M. O'Brien, attorney in fact | | 1/29/2021 |
**Signature of Reporting Person | Date |
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