SEC Form 4 · accession 0001179110-18-008012
ALLIANCE RESOURCE PARTNERS LP · ARLP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
C-Holdings, LLC
Director · 10% Owner
Period of report
May 31, 2018
Accepted (ET)
Jun 4, 2018 · 8:22 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001086600
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common UnitF1,F2,F3 | May 31, 2018 | D | 87,188,338 | — | D | 0 | I | See Footnote |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Alliance GP, LLC ("AGP"), Alliance Holdings GP, L.P. ("AHGP"), MGP II, LLC ("MGP II") and Alliance Resource Partners, L.P. ("ARLP"), among others, are parties to the Simplification Agreement, dated February 22, 2018 (the "Simplification Agreement").
- F2C-Holdings, LLC ("C-Holdings") wholly owns AGP, and AHGP wholly owns MGP II. Prior to the completion of the transactions contemplated by the Simplification Agreement, (i) AGP was the general partner of AHGP, (ii) AHGP directly owned 31,088,338 common units representing limited partner interests of ARLP (the "ARLP Common Units"), and (iii) MGP II directly owned 56,100,000 ARLP Common Units. Pursuant to the Simplification Agreement, MGP II distributed (a) 99.999% of the 56,100,000 ARLP Common Units to AHGP and (b) 0.001% of the 56,100,000 ARLP Common Units to ARMH, which ARMH then distributed to AHGP. Thereafter, the common units representing limited partner interests in AHGP (the "AHGP Common Units") were canceled and converted into the right to receive all of the ARLP Common Units held by AHGP and its subsidiaries.
- F3Pursuant to the Simplification Agreement, all AHGP Common Units were canceled and converted into the right to receive all of the ARLP Common Units held by AHGP and its subsidiaries. Based on a formula calculated pursuant to the Simplification Agreement, the exchange ratio was 1.478181161 ARLP Common Units for each AHGP Common Unit.