SEC Info - Herbers Jeffrey A - ‘4’ for 3/9/20 re: Cypress Environmental Partners, L.P.

FORM 4

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

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN 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

OMB APPROVAL

OMB Number:

3235-0287

Estimated average burden hours per response...

0.5

(Print or Type Responses)

1. Name and Address of Reporting Person ^*

Herbers Jeffrey A

2. Issuer Name and Ticker or Trading Symbol
Cypress Energy Partners, L.P. [CELP]

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

_____ Director

_____ 10% Owner

__X__ Officer (give title below)

_____ Other (specify below)

See Remarks

(Last)

(First)

(Middle)

C/O CYPRESS ENERGY PARTNERS, L.P., 5727 S. LEWIS AVE., SUITE 300

3. Date of Earliest Transaction (Month/Day/Year)
03/09/2020

(Street)

TULSA, OK 74105

4. If Amendment, Date 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

(City)

(State)

(Zip)

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

Amount

(A) or (D)

Price

Common Units (Limited Partner Interests)

03/09/2020

2,503

⁽¹⁾

10,668

Common Units (Limited Partner Interests)

03/09/2020

713

$6.3

9,955

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

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 control number.

SEC 1474 (9-02)

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 Underlying Securities
(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 of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)

11. Nature of Indirect Beneficial Ownership
(Instr. 4)

Code

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Phantom Units (Limited Partner Interests)

⁽¹⁾

03/09/2020

2,503

⁽²⁾

⁽³⁾

Common Units (Limited Partner Interests)

2,503

⁽¹⁾

5,008

Reporting Owners

Reporting Owner Name / Address

Relationships

Director

10% Owner

Officer

Other

Herbers Jeffrey A
C/O CYPRESS ENERGY PARTNERS, L.P.
5727 S. LEWIS AVE., SUITE 300
TULSA, OK 74105

See Remarks

Signatures

/s/ Jonathan M. Cinocca, Attorney-in-Fact for Jeffrey A. Herbers

03/11/2020

^**Signature of Reporting Person

Date

Explanation of Responses:

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).

(1)

Each phantom unit is the economic equivalent of one common unit.

(2)

On March 9, 2017, the Reporting Person was granted 7,511 phantom units which vest in equal installments on March 9, 2020, 2021 and 2022, subject to Reporting Person's continued service with the Issuer through the applicable vesting dates.

(3)

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 Chief Financial Officer of Cypress Energy 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.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.

Herbers Jeffrey A – ‘4’ for 3/9/20 re: Cypress Environmental Partners, L.P.

On: Wednesday, 3/11/20, at 3:25pm ET · For: 3/9/20 · Accession #: 1209191-20-18043 · File #: 1-36260

Previous ‘4’: ‘4’ on 11/4/19 for 11/2/19 · Next: ‘4’ on 5/7/20 for 5/6/20 · Latest: ‘4’ on 7/7/22 for 6/22/22

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

‘4’ — Form 4 Submission — doc4.xml/3.6

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

Reporting Owners

Signatures

Explanation of Responses:

Herbers Jeffrey A – ‘4’ for 3/9/20 re: Cypress Environmental Partners, L.P.

On: Wednesday, 3/11/20, at 3:25pm ET · For: 3/9/20 · Accession #: 1209191-20-18043 · File #: 1-36260

Previous ‘4’: ‘4’ on 11/4/19 for 11/2/19 · Next: ‘4’ on 5/7/20 for 5/6/20 · Latest: ‘4’ on 7/7/22 for 6/22/22

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

‘4’ — Form 4 Submission — doc4.xml/3.6

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

Reporting Owners

Signatures

Explanation of Responses:

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