SEC Form 4 · accession 0001022321-16-000169
GENESIS ENERGY LP · GEL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard R alexander
Officer — Vice President
Period of report
Apr 9, 2016
Accepted (ET)
Apr 12, 2016 · 1:43 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 | Apr 9, 2016 | M | 6,910 | — | A | 16,910 | D | |
| Common Units - Class AF1,F2 | Apr 9, 2016 | D | 6,910 | $30.25 | D | 10,000 | 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 9, 2016 | M | 5,315 | D | Apr 9, 2016 | Apr 9, 2016 | Common Units - Class A | 5,315 | 18,379 | D |
Explanation of responses
- F1Pursuant to the terms of the 2013 phantom unit award, because the quarterly distribution on the common units for the fourth quarter of 2015 was $0.63 per unit or greater, 40% of the phantom units awarded vested at 100% and 60% of the phantom units awarded vested at 150%.
- 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.