XFRA:C2S Access Midstream Partners LP Insider Activity 4 Filing - 1/3/2012

Effective Date 1/3/2012

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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, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
Purgason Robert S
  2. Issuer Name and Ticker or Trading Symbol
CHESAPEAKE MIDSTREAM PARTNERS LP [CHKM]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Chief Operating Officer
(Last)
(First)
(Middle)
900 N.W. 63RD STREET
3. Date of Earliest Transaction (Month/Day/Year)
01/03/2012
(Street)

OKLAHOMA CITY, OK 73118
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 V Amount (A) or (D) Price
Common Units 01/03/2012   M   1,250 A $ 0 15,450 D  
Common Units 01/03/2012   F   449 D $29.21 15,001 D  

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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 V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Phantom Units(1) (2) 01/03/2012   A   2,570     (3)   (3) Common Units 2,570 $ 0 9,760 D  
Phantom Units (4) 01/03/2012   M     1,250 01/03/2012 01/03/2012 Common Units 1,250 $ 0 8,510 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Purgason Robert S
900 N.W. 63RD STREET
OKLAHOMA CITY, OK 73118
      Chief Operating Officer  

Signatures

 Marc D. Rome for ROBERT S. PURGASON   01/05/2012
** 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 includes an associated distribution equivalent right that is payable in cash upon vesting.
(2) Each phantom unit represents one notional common unit of the Partnership and, upon vesting, will entitle the holder to receive one common unit or, in the discretion of the compensation committee of the board of directors of our general partner, cash equivalent to the fair market value of a common unit at the time of vesting.
(3) Phantom units vest ratably over four years from the date of the award, subject to continuous employment.
(4) Each phantom unit represents one notional common unit of the Partnership, and upon vesting entitled the holder to receive a common unit.

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.

XFRA:C2S Access Midstream Partners LP Insider Activity 4 Filling

Access Midstream Partners LP XFRA:C2S Stock - Get Insider Activity SEC Filing of Access Midstream Partners LP XFRA:C2S stocks, including company profile, shares outstanding, strategy, business segments, operations, officers, consolidated financial statements, financial notes and ownership information.

XFRA:C2S Access Midstream Partners LP Insider Activity 4 Filing - 1/3/2012
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