FORM 3 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF 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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1. Name and Address of Reporting Person*
(Street)
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2. Date of Event Requiring Statement
(Month/Day/Year) 01/29/2021 |
3. Issuer Name and Ticker or Trading Symbol
CSI Compressco LP [ CCLP ] |
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4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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5. If Amendment, Date of Original Filed
(Month/Day/Year) |
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6. Individual or Joint/Group Filing (Check Applicable Line)
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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 representing limited partner interests | 10,952,478 | I | See footnote.(1) |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||
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1. Title of Derivative Security (Instr. 4) | 2. Date Exercisable and Expiration Date (Month/Day/Year) | 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) | 4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form: 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 |
Explanation of Responses: |
1. On January 29, 2021, Spartan Energy Holdco, LLC ("Holdco") completed the acquisition of certain interests in CSI Compressco GP LLC ("Compressco GP"), the general partner of CSI Compressco LP (the "Issuer"), pursuant to that certain Purchase and Sale Agreement, dated as of January 29, 2021 by and among Holdco, TETRA Technologies, Inc. and, solely for the limited purposes set forth therein, Spartan Energy Partners LP. As a result, Compressco GP is now a wholly owned subsidiary of Holdco. Compressco GP owns (i) the general partner interest in the Issuer, (ii) 7,463,257 common units representing limited partner interests in the Issuer ("Common Units"), (iii) all of the membership interests in CSI Compressco Investment LLC ("Compressco Investment") and (iv) all of the outstanding incentive distribution rights issued by the Issuer. Compressco Investment owns 3,489,221 Common Units. Holdco is an indirect beneficial owner of the Common Units held by Compressco GP and Compressco Investment. |
Remarks: |
SPARTAN ENERGY HOLDCO LLC, by: SPARTAN ENERGY PARTNERS LP, its sole member, by: Spartan Energy Partners GP LLC, its general partner, by: Jonathan W. Byers, Secretary | 02/05/2021 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* If the form is filed by more than one reporting person, see Instruction 5 (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). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
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 Number. |