SEC Form 4 · accession 0001022321-16-000225
GENESIS ENERGY LP · GEL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James E Davison
Director
Period of report
Oct 1, 2016
Accepted (ET)
Oct 4, 2016 · 4:08 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,F2 | Oct 1, 2016 | M | 471 | — | A | 2,356,465 | D | |
| Common Units - Class AF1,F2 | Oct 1, 2016 | D | 471 | $35.47 | D | 2,355,994 | D | |
| Common Units - Class AF3 | holding | — | — | — | 1,010,835 | I | Terminal Services, Inc. |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom UnitsF2 | — | Oct 1, 2016 | M | 471 | D | Oct 1, 2016 | Oct 1, 2016 | Common Units - Class A | 471 | 6,234 | D |
| Phantom UnitsF4,F5 | — | Oct 3, 2016 | A | 672 | A | Oct 3, 2019 | Oct 3, 2019 | Common Units - Class A | 672 | 6,906 | D |
Explanation of responses
- F1The 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.
- F2Upon 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.
- F3The Reporting Person is the sole stockholder of Terminal Services, Inc.
- F4The phantom units will be paid in cash based on the average closing price of the Common Units - Class A for the 20 trading days immediately prior to the vesting date.
- F5Award includes tandem distribution equivalent rights pursuant to which the quarterly distributions paid by the partnership on each Common Unit - Class A will be accrued over the vesting period and paid quarterly.