Initial Statement of Beneficial Ownership (3)
June 09 2020 - 4:32PM
Edgar (US Regulatory)
FORM 3
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
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OMB APPROVAL
OMB Number:
3235-0104
Estimated average burden hours per response...
0.5
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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
*
Scheller Eric A |
2. Date of Event Requiring Statement (MM/DD/YYYY)
6/2/2020
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3. Issuer Name and Ticker or Trading Symbol
USA Compression Partners, LP [USAC]
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(Last)
(First)
(Middle)
111 CONGRESS AVE., SUITE 2400 |
4. Relationship of Reporting Person(s) to Issuer (Check all applicable)
_____ Director _____ 10% Owner ___X___ Officer (give title below) _____ Other (specify below) See Remarks / |
(Street)
AUSTIN, TX 78701
(City)
(State)
(Zip)
| 5. 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
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Table I - Non-Derivative Securities Beneficially Owned
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1.Title of Security (Instr. 4) | 2. Amount of Securities Beneficially Owned (Instr. 4) | 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 4. Nature of Indirect Beneficial Ownership (Instr. 5) |
Common Units | 36939 | 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. 4) | 2. Date Exercisable and Expiration Date (MM/DD/YYYY) | 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) | 4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) | 6. Nature of Indirect Beneficial Ownership (Instr. 5) |
Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Phantom Units | (1) | (2) | Common Units | 2230.0 | (3) | D | |
Phantom Units | (4) | (2) | Common Units | 13717.0 | (3) | D | |
Phantom Units | (5) | (2) | Common Units | 31446.0 | (3) | D | |
Explanation of Responses: |
(1) | The phantom units will vest in full on February 15, 2021. |
(2) | 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. |
(3) | Each phantom unit is the economic equivalent of one common unit of USA Compression Partners, LP. |
(4) | The phantom units will vest incrementally, with 60% of the phantom units vesting on December 5, 2021 and the remaining 40% of the phantom units vesting on December 5, 2023. |
(5) | The phantom units will vest incrementally, with 60% of the phantom units vesting on December 5, 2022 and the remaining 40% of the phantom units vesting on December 5, 2024. |
Remarks: The Reporting Person is the Vice President and Chief Operating Officer 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. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Scheller Eric A 111 CONGRESS AVE. SUITE 2400 AUSTIN, TX 78701 |
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| See Remarks |
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Signatures
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/s/ Eric A. Scheller | | 6/9/2020 |
**Signature of Reporting Person | Date |
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