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Ownership Document
|
| Schema Version: X0306 |
| Document Type: 4/A |
| Period of Report: 5/6/20 |
| Date of Original Submission: 5/7/20 |
| Not Subject to Section 16: 0 |
| Issuer: |
| Issuer CIK: 1587246 |
| Issuer Name: Cypress Environmental Partners, L.P. |
| Issuer Trading Symbol: CELP |
| Reporting Owner: |
| Reporting Owner ID: |
| | Owner CIK: 1596728 |
| | Owner Name: CARSON RICHARD M |
| Reporting Owner Address: |
| | Owner Street 1: C/O CYPRESS ENVIRONMENTAL PARTNERS, L.P. |
| | Owner Street 2: 5727 S. LEWIS AVE., SUITE 300 |
| | Owner City: TULSA |
| | Owner State: OK |
| | Owner ZIP Code: 74105 |
| | Owner State Description: |
| Reporting Owner Relationship: |
| | Is Director? No |
| | Is Officer? Yes |
| | Is Ten Percent Owner? No |
| | Is Other? No |
| | Officer Title: See Remarks |
| Derivative Table: |
| Derivative Transaction: |
| | Security Title: |
| | | Value: Phantom Units (Limited Partner Interests) |
| | Conversion or Exercise Price: |
| | | Footnote ID: F1 |
| | Transaction Date: |
| | | Value: 5/6/20 |
| | Deemed Execution Date: |
| | Transaction Coding: |
| | | Transaction Form Type: 4 |
| | | Transaction Code: A |
| | | Equity Swap Involved? No |
| | Transaction Timeliness: |
| | | Value: |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 35,400 |
| | | Transaction Price Per Share: |
| Footnote ID: F1 |
| | | Transaction Acquired-Disposed Code: |
| Value: A |
| | Exercise Date: |
| | | Footnote ID: F2 |
| | Expiration Date: |
| | | Footnote ID: F3 |
| | Underlying Security: |
| | | Underlying Security Title: |
| Value: Common Units (Limited Partner Interests) |
| | | Underlying Security Shares: |
| Value: 35,400 |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 35,400 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Footnotes: |
| Footnote - F1: Each phantom unit is the economic equivalent of one common unit. |
| Footnote - F2: On May 6, 2020, the Reporting Person was granted 35,400 phantom units which vest in equal installments on April 1, 2023, 2024 and 2025, subject to Reporting Person's continued service with the Issuer through the applicable vesting dates. |
| Footnote - F3: The phantom units expire upon settlement. The phantom units are settled upon vesting in common units (on a one-for-one basis) or in cash, at the desertion of the Issuer. |
| Remarks: The Reporting Person is Senior Vice President and General Counsel of Cypress Environmental Partners 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. This Form 4 Amendment is filed solely to correct the Table II, Column 5 which inadvertently reported the 35,400 phantom units as having been "Disposed" as opposed to the correct designation of "Acquired." This Form 4 Amendment restates the transaction and does not report any new transactions. |
| Owner Signature: |
| Signature Name: /s/ Jonathan M. Cinocca, Attorney-in-Fact to Richard M. Carson |
| Signature Date: 5/7/20 |
