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Carson Richard M – ‘4/A’ for 5/6/20 re: Cypress Environmental Partners, L.P.

On:  Thursday, 5/7/20, at 11:41am ET   ·   For:  5/6/20   ·   Accession #:  1209191-20-27596   ·   File #:  1-36260

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 5/07/20  Carson Richard M                  4/A                    1:6K   Cypress Environmental Partners LP DONNELLEY FIN… File16/FA

Amendment to Statement of Changes in Beneficial Ownership of Securities by an Insider   —   Form 4   —   SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 4/A         Form 4/A Submission -- doc4a.xml/3.6                HTML      3K 




        

This ‘4/A’ Document is an XML Data File that may be rendered in various formats:

  Form 4    –   Plain Text   –  SEC Website  –  EDGAR System  –    XML Data    –  <?xml?> File
 

 
XML Data rendering:  Form 4/A Submission
 
                                                                                                                                                                                
<?xml version="1.0" encoding="windows-1252"?>
<ownershipDocument>
<schemaVersion> X0306 </schemaVersion>
<documentType> 4/A </documentType>
<periodOfReport> 2020-05-06 </periodOfReport>
<dateOfOriginalSubmission> 2020-05-07 </dateOfOriginalSubmission>
<notSubjectToSection16> 0 </notSubjectToSection16>
<issuer>
<issuerCik> 0001587246 </issuerCik>
<issuerName> Cypress Environmental Partners, L.P. </issuerName>
<issuerTradingSymbol> CELP </issuerTradingSymbol>
</issuer>
<reportingOwner>
<reportingOwnerId>
<rptOwnerCik> 0001596728 </rptOwnerCik>
<rptOwnerName> CARSON RICHARD M </rptOwnerName>
</reportingOwnerId>
<reportingOwnerAddress>
<rptOwnerStreet1> C/O CYPRESS ENVIRONMENTAL PARTNERS, L.P. </rptOwnerStreet1>
<rptOwnerStreet2> 5727 S. LEWIS AVE., SUITE 300 </rptOwnerStreet2>
<rptOwnerCity> TULSA </rptOwnerCity>
<rptOwnerState> OK </rptOwnerState>
<rptOwnerZipCode> 74105 </rptOwnerZipCode>
<rptOwnerStateDescription></rptOwnerStateDescription>
</reportingOwnerAddress>
<reportingOwnerRelationship>
<isDirector> 0 </isDirector>
<isOfficer> 1 </isOfficer>
<isTenPercentOwner> 0 </isTenPercentOwner>
<isOther> 0 </isOther>
<officerTitle> See Remarks </officerTitle>
</reportingOwnerRelationship>
</reportingOwner>
<derivativeTable>
<derivativeTransaction>
<securityTitle>
<value> Phantom Units (Limited Partner Interests) </value>
</securityTitle>
<conversionOrExercisePrice>
<footnoteId id="F1"/>
</conversionOrExercisePrice>
<transactionDate>
<value> 2020-05-06 </value>
</transactionDate>
<deemedExecutionDate></deemedExecutionDate>
<transactionCoding>
<transactionFormType> 4 </transactionFormType>
<transactionCode> A </transactionCode>
<equitySwapInvolved> 0 </equitySwapInvolved>
</transactionCoding>
<transactionTimeliness>
<value></value>
</transactionTimeliness>
<transactionAmounts>
<transactionShares>
<value> 35400 </value>
</transactionShares>
<transactionPricePerShare>
<footnoteId id="F1"/>
</transactionPricePerShare>
<transactionAcquiredDisposedCode>
<value> A </value>
</transactionAcquiredDisposedCode>
</transactionAmounts>
<exerciseDate>
<footnoteId id="F2"/>
</exerciseDate>
<expirationDate>
<footnoteId id="F3"/>
</expirationDate>
<underlyingSecurity>
<underlyingSecurityTitle>
<value> Common Units (Limited Partner Interests) </value>
</underlyingSecurityTitle>
<underlyingSecurityShares>
<value> 35400 </value>
</underlyingSecurityShares>
</underlyingSecurity>
<postTransactionAmounts>
<sharesOwnedFollowingTransaction>
<value> 35400 </value>
</sharesOwnedFollowingTransaction>
</postTransactionAmounts>
<ownershipNature>
<directOrIndirectOwnership>
<value> D </value>
</directOrIndirectOwnership>
</ownershipNature>
</derivativeTransaction>
</derivativeTable>
<footnotes>
<footnote id="F1"> Each phantom unit is the economic equivalent of one common unit. </footnote>
<footnote id="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>
<footnote id="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. </footnote>
</footnotes>
<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. </remarks>
<ownerSignature>
<signatureName> /s/ Jonathan M. Cinocca, Attorney-in-Fact to Richard M. Carson </signatureName>
<signatureDate> 2020-05-07 </signatureDate>
</ownerSignature>
</ownershipDocument>


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