SEC Form 4/A · accession 0001351541-17-000082
Delek US Holdings, Inc. · DK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
This is an amendment (Form 4/A). It replaces an earlier filing for the same period.
Reporting owner
Avigal Soreq
Officer — Executive Vice President
Period of report
Mar 8, 2017
Accepted (ET)
Mar 20, 2017 · 7:18 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001351541
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Mar 8, 2017 | S | 2,000 | $24.7523 | D | 21,729 | D | |
| Common StockF1 | Mar 8, 2017 | M | 6,667 | $10.65 | A | 28,396 | D | |
| Common StockF3 | Mar 8, 2017 | D | 2,867 | $24.77 | D | 25,529 | D | |
| Common StockF4 | Mar 8, 2017 | F | 1,171 | $24.77 | D | 24,358 | D | |
| Common StockF1,F5 | Mar 8, 2017 | S | 2,629 | $24.7519 | D | 21,729 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Appreciation RightF1,F6 | $10.65 | Mar 8, 2017 | M | 6,667 | A | — | Dec 10, 2021 | Common Stock | 6,667 | 0 | D |
Explanation of responses
- F1This amendment is being filed to amend the Form 4 filed by the reporting person on March 10, 2017 (the "Original Form") to clarify that a portion of the reported 4,629 shares of Common Stock sold on March 8, 2017 were acquired upon exercise of a stock appreciation right on the same date and to correct the number of shares beneficially owned following such exercise in column 5 of Table I. The number of shares of Common Stock was also incorrectly reported in column 5 of Table I of the subsequent Form 4 filed by the reporting person on March 14, 2017.
- F2The price reflects the weighted average sale price of multiple transactions ranging from a low sale price of $24.75 per share to a high sale price of $24.7524 per share. Upon the written request of the SEC, the Issuer or a security holder of the Issuer, the reporting person agrees to provide the number of shares sold at each sale price.
- F3This amendment is being filed to also report the disposition of shares of Common Stock to Delek US Holdings, Inc. for payment of the exercise price in connection with the exercise of the stock appreciation right that was not previously reported in the Original Form 4.
- F4This amendment is being filed to also report the shares withheld to cover tax withholding obligations in connection with the exercise of the stock appreciation right that was not previously reported in the Original Form 4.
- F5The price reflects the weighted average purchase price of multiple transactions ranging from a low purchase price of $24.71 per unit to a high purchase price of $24.79 per common unit. Upon the written request of the staff of the SEC, the Issuer or a security holder of the Issuer, the reporting person agrees to provide the number of units sold at each sale price.
- F6The stock appreciation right vested with respect to 8,125 shares of Common Stock on each of December 10, 2012, December 10, 2013, December 10, 2014 and December 10, 2015