Statement of Changes in Beneficial Ownership (4)
August 24 2020 - 10:17AM
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
|
OMB APPROVAL
OMB Number:
3235-0287
Estimated average burden hours per response...
0.5
|
|
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
|
|
1. Name and Address of Reporting Person
*
CHILDERS D BRADLEY |
2. Issuer Name and Ticker or Trading Symbol
Archrock, Inc.
[
AROC
]
|
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) PRESIDENT AND CEO |
(Last)
(First)
(Middle)
9807 KATY FREEWAY, SUITE 100 |
3. Date of Earliest Transaction
(MM/DD/YYYY)
2/17/2020 |
(Street)
HOUSTON, TX 77024
(City)
(State)
(Zip)
|
4. If Amendment, Date Original Filed
(MM/DD/YYYY)
|
6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ 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. Trans. Date
|
2A. Deemed Execution Date, if any
|
3. Trans. 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 Stock | 8/20/2020 | | M(1) | | 18919 | A | $0 | 1513341 (2) | D | |
Common Stock | 8/20/2020 | | M(3) | | 62868 | A | $0 | 1576209 | D | |
Common Stock | 8/20/2020 | | F(4) | | 72991 | D | $6.92 | 1503218 | D | |
Common Stock | | | | | | | | 1334 | I | 401(k) Plan |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
|
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 |
Restricted Stock Unit | (5) | 8/20/2020 | | M | | | 18919 | (5) | (5) | Common Stock | 18919 | $0 | 0 | D | |
Restricted Stock Unit | (6) | 2/17/2020 | | A | | 62868 | | (6) | (6) | Common Stock | 62868 | $0 | 62868 | D | |
Restricted Stock Unit | (6) | 8/20/2020 | | M | | | 62868 | (6) | (6) | Common Stock | 0 | $0 | 0 | D | |
Explanation of Responses: |
(1) | Ratable three-year vesting of restricted stock units. |
(2) | Holdings include shares acquired through participation in the Employee Stock Purchase Plan. |
(3) | Cliff vesting of restricted stock units based on performance achievement. |
(4) | Issuer withheld the maximum allowable shares to satisfy the tax withholding obligations associated with the vesting of shares acquired herein and in connection with the vesting of shares previously reported in Table I. |
(5) | Restricted stock units were subject to three-year ratable vesting and converted into shares of common stock upon vesting on a one-for-one basis. |
(6) | Represents an award of performance based restricted stock units, the payout of which was subject to the achievement of total shareholder return relative to the Issuer's peers over the period of January 1, 2017 to December 31, 2019. On February 17, 2020, the Compensation Committee certified that the performance achievement over the measurement period was 174% of target, and the award subsequently vested in full on August 20, 2020. The restricted stock units converted into shares of common stock on a one-for-one basis. |
Reporting Owners
|
Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
CHILDERS D BRADLEY 9807 KATY FREEWAY SUITE 100 HOUSTON, TX 77024 | X |
| PRESIDENT AND CEO |
|
Signatures
|
/s/ Susan Thompson, Attorney-in-Fact | | 8/24/2020 |
**Signature of Reporting Person | Date |
Archrock (NYSE:AROC)
Historical Stock Chart
From Oct 2024 to Nov 2024
Archrock (NYSE:AROC)
Historical Stock Chart
From Nov 2023 to Nov 2024