Third Coast Midstream (AMID) Form 4 American Midstream Partners / Eric Kalamaras ownership change

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Kalamaras Eric

(Last) (First) (Middle)

2103 CITYWEST BLVD.

BUILDING #4, SUITE 800

(Street)

HOUSTON TX 77042

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
American Midstream Partners, LP [ AMID ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
SVP & CFO

3. Date of Earliest Transaction (Month/Day/Year)
04/01/2019

4. If Amendment, Date of Original Filed (Month/Day/Year)

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. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction 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 Units (limited partner interests)	04/01/2019		M		7,197	A	$0(1)	12,425	D
Common Units (limited partner interests)	04/01/2019		M		10,590	A	$0(1)	23,015	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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 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: 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
Phantom units	(2)	04/01/2019		M			7,197	(3)	(4)	Common Units (limited partner interests)	7,197	$0	14,394	D
Phantom units	(2)	04/01/2019		M			10,590	(5)	(4)	Common Units (limited partner interests)	10,590	$0	31,771	D
Phantom units	(2)							(6)	(4)	Common Units (limited partner interests)	40,000		40,000	D
Option	$12							(7)	(8)	Common Units (limited partner interests)	30,000		30,000	D
Phantom units	(9)							(10)	(11)	Common Units (limited partner interests)	80,000		80,000	D

Explanation of Responses:

1. The phantom units were settled upon vesting in common units (on a one for one basis).

2. The phantom units are settled upon vesting in common units (on a one for one basis) or cash, at the discretion of the Issuer.

3. Twenty five percent (25%) of the phantom units will vest on each of the first four anniversaries of April 1, 2017.

4. The phantom units do not expire.

5. Twenty-five percent (25%) of the phantom units will vest on each of the first four anniversaries of April 1, 2018.

6. Exercise Date: 7/26/2019

7. Exercise date:: 7/31/2019

8. Expiration Date: 7/31/2020

9. Each phantom unit represents the right to receive between one and three common units of the Issuer upon vesting.

10. The phantom units will generally vest, subject to the Reporting Person's continued service through such date, on the earlier of a change in control transaction or November 20, 2022.

11. Represents the target number of common units that may be issued. The actual number of common units issuable upon vesting can range from 100% to 300% of this target and will be determined by multiplying the target award by the quotient of the fair market value of a common unit on the vesting date divided by $16.50 and rounded to two significant figures. Upon vesting, the phantom units may be settled in common units of the Issuer or cash at the discretion of the Issuer.

Remarks:

	/s/ Eric T. Kalamaras	04/03/2019
	** 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 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).
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