SEC Form 4 · accession 0000899243-17-025277
HOLLY ENERGY PARTNERS LP · HEP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owners
HollyFrontier Corp
10% Owner · Other
Navajo Pipeline Co., L.P.
10% Owner · Other
HEP Logistics Holdings, L.P.
10% Owner · Other
Holly Logistics Ltd LLC
10% Owner · Other
Period of report
Oct 31, 2017
Accepted (ET)
Nov 2, 2017 · 5:34 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001283140
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common UnitsF1,F2,F3 | Oct 31, 2017 | J | 37,250,000 | — | A | 59,485,024 | I | See Footnotes |
| General Partner InterestF1,F2,F3 | Oct 31, 2017 | J | 0 | — | D | 0 | I | See Footnotes |
| Incentive Distribution RightsF1,F2,F3 | Oct 31, 2017 | J | 1 | — | D | 0 | I | See Footnotes |
| Common Units | holding | — | — | — | 145,006 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On October 31, 2017, HEP Logistics Holdings, L.P. ("HEP GP") acquired 37,250,000 Common Units of the Issuer. Immediately prior to such acquisition of Common Units, HEP GP held (i) zero Common Units of the Issuer, (ii) a 2% General Partner Interest in the Issuer and (iii) all of the Issuer's Incentive Distribution Rights. The General Partner Interest and Incentive Distribution Rights were cancelled in exchange for the issuance of the 37,250,000 Common Units.
- F2As of October 31, 2017, for purposes of Section 13(d) of the Exchange Act, HEP GP is a new "group" member of the reporting group consisting of HollyFrontier Corporation ("HollyFrontier"), HollyFrontier Holdings LLC ("Holdings"), Navajo Pipeline Co., L.P. ("Navajo"), Holly Logistics Limited LLC ("Logistics"), HollyFrontier Navajo Refining LLC ("NRC"), HollyFrontier Woods Cross Refining LLC ("HRWC") and HEP GP.
- F3The joint filers are jointly filing this Form 4 and information regarding the joint filers is available on this Form 4. The reporting persons disclaim beneficial ownership of the reported securities except to the extent of their pecuniary interests therein, and this report shall not be deemed an admission that the reporting persons are beneficial owners of the reported securities for purposes of Section 16 or for any other purpose.