SEC Form 4 · accession 0001209191-16-090938
STONEMOR PARTNERS LP · STON
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Lawrence Miller
Officer — President; CEO · Director
Period of report
Jan 8, 2016
Accepted (ET)
Jan 12, 2016 · 3:40 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001286131
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common units representing limited partner interestsF1 | Jan 8, 2016 | F | 5,162 | $26.65 | D | 126,068 | D | |
| Common units representing limited partner interestsF2 | holding | — | — | — | 64,167 | I | By LDLM Associates, LP | |
| Common units representing limited partner interestsF3 | holding | — | — | — | 28,500 | I | By Osiris Investments, LP |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1These common units representing limited partner interests were withheld by the issuer in connection with the vesting of performance vested units and time vested units, which were granted to the reporting person pursuant to a Key Employee Unit Agreement, entered into as of December 31, 2015, by and between StonMor GP LLC, a general partner of StoneMor Partners L.P., and the reporting person, to satisfy the reporting person's tax withholding obligations. Such withholding is deemed a disposition of withheld common units back to the issuer under Section 16 of the Securities Exchange Act of 1934, as amended.
- F2The reporting person is a grantor and trustee of Miller Revocable Trust, which is the general partner of LDLM Associates, LP. The reporting person is also a limited partner of LDLM Associates, LP, holding 98% of its limited partner interests.
- F3The general partner of Osiris Investments, LP is Osiris Investments LLC. Lawrence Miller and William R. Shane are each a 50% member of Osiris Investments LLC and share investment and voting power over the securities held by Osiris Investments, LP. Mr. Miller and Mr. Shane file separate Section 16 reports.
Remarks
The filing of this statement shall not be construed as an admission (a) that the person filing this statement is, for the purposes of Section 16 of the Securities Exchange Act of 1934, as amended, the beneficial owner of any equity securities covered by this statement, or (b) that this statement is legally required to be filed by such person.