12/10/2024 | Press release | Distributed by Public on 12/10/2024 16:37
FORM 4
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES 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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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
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 Underlying Securities (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) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
PHANTOM UNITS | (1) | 12/07/2024 | M | 750 | 12/07/2024 | 12/07/2024 | COMMON UNITS | 750 | (1) | 0 | D | ||||
PHANTOM UNITS | (2) | 12/07/2024 | M | 750 | 12/07/2024 | 12/07/2024 | COMMON UNITS | 750 | (2) | 750 | D | ||||
PHANTOM UNITS | (3) | 12/07/2024 | M | 750 | 12/07/2024 | 12/07/2024 | COMMON UNITS | 750 | (3) | 1,500 | D | ||||
PHANTOM UNITS | (4) | 12/07/2024 | M | 750 | 12/07/2024 | 12/07/2024 | COMMON UNITS | 750 | (4) | 2,250 | D | ||||
PHANTOM UNITS | (5) | 12/07/2024 | A | 3,000 | (6) | (6) | COMMON UNITS | 3,000 | $ 0 | 3,000 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
PAGANO VINCENT JR 845 TEXAS AVENUE SUITE 1250 HOUSTON, TX 77002 |
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/s/ Sean N. Markowitz under POA by Vincent Pagano Jr. | 12/10/2024 |
**Signature of Reporting Person | Date |
* | 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). |
(1) | On 12/7/2020, the Reporting Person was granted 3,000 phantom units payable one-half in common units and one-half in cash and previously reported on a Form 4. Twenty-five percent of this grant vested on 12/7/2024, the fourth anniversary of the grant date. Each phantom unit is the economic equivalent of one common unit of the Issuer. |
(2) | On 12/7/2021, the Reporting Person was granted 3,000 phantom units payable one-half in common units and one-half in cash and previously reported on a Form 4. Twenty-five percent of this grant vested on 12/7/2024, the third anniversary of the grant date. Each phantom unit is the economic equivalent of one common unit of the Issuer. |
(3) | On 12/7/2022, the Reporting Person was granted 3,000 phantom units payable one-half in common units and one-half in cash and previously reported on a Form 4. Twenty-five percent of this grant vested on 12/7/2024, the second anniversary of the grant date. Each phantom unit is the economic equivalent of one common unit of the Issuer. |
(4) | On 12/7/2023, the Reporting Person was granted 3,000 phantom units payable one-half in common units and one-half in cash and previously reported on a Form 4. Twenty-five percent of this grant vested on 12/7/2024, the first anniversary of the grant date. Each phantom unit is the economic equivalent of one common unit of the Issuer. |
(5) | On 12/7/2024, the Reporting Person was granted 3,000 phantom units payable one-half in common units and one-half in cash. Each phantom unit is the economic equivalent of one common unit of the Issuer. |
(6) | The phantom units vest twenty-five percent on each of the first, second, third and fourth anniversaries of the grant date. |