SEC Form 4 · accession 0001022321-18-000040
GENESIS ENERGY LP · GEL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ryan S Sims
Officer — Vice President
Period of report
Apr 14, 2018
Accepted (ET)
Apr 16, 2018 · 4:44 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 14, 2018 | M | 940 | — | A | 5,240 | D | |
| Common Units - Class AF1,F2 | Apr 14, 2018 | D | 940 | $19.88 | D | 4,300 | 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 14, 2018 | M | 940 | D | Apr 14, 2018 | Apr 14, 2018 | Common Units - Class A | 940 | 13,012 | D |
Explanation of responses
- F1Pursuant to the terms of the 2015 phantom unit award, because the quarterly distribution on the common units for the fourth quarter of 2017 was below $0.67, 40% of the phantom units awarded vested at 100% and the remaining 60% of the phantom units awarded were forfeited.
- 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.