SEC Form 4 · accession 0001022321-15-000047
GENESIS ENERGY LP · GEL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Grant E Sims
Officer — Chief Executive Officer · Director
Period of report
Apr 10, 2015
Accepted (ET)
Apr 15, 2015 · 2:51 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001022321
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Units - Class AF1,F3,F2,F4 | Apr 10, 2015 | M | 57,300 | — | A | 3,038,160 | D | |
| Common Units - Class AF1,F2,F4 | Apr 10, 2015 | D | 57,300 | $45.2065 | D | 2,980,860 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom UnitsF3 | — | Apr 10, 2015 | M | 38,200 | D | Apr 10, 2015 | Apr 10, 2015 | Common Units - Class A | 38,200 | 33,981 | D |
Explanation of responses
- F1Pursuant to the terms of the 2012 phantom unit award, because the quarterly distribution on the common units for the fourth quarter of 2014 was $0.57 per unit or greater, 150% of the phantom units awarded vested.
- F2The payment of the phantom units in cash is deemed to be a disposition of the phantom units in exchange for the acquisition of the underlying Common Units - Class A and a simultaneous disposition of the underlying Common Units - Class A to the issuer.
- F3Upon vesting, the phantom units were paid in cash based on the average closing price of the Common Units - Class A for the 20 trading days immediately prior to the date of vesting.
- F41,000 of these Common Units - Class A are held by the reporting person's father. The reporting person disclaims beneficial ownership of these units.