SEC Form 4 · accession 0001104659-15-049948
NGL Energy Partners LP · NGL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Shawn W Coady
Officer — President, Retail Division · Director
Period of report
Jul 1, 2015
Accepted (ET)
Jul 6, 2015 · 8:07 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001504461
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Units | Jul 1, 2015 | F | 6,165 | $30.55 | D | 65,675 | D | |
| Common Units | Jul 1, 2015 | A | 22,759 | $0.00 | A | 88,434 | D | |
| Common Units | Jul 1, 2015 | F | 9,345 | $30.55 | D | 79,089 | D | |
| Common UnitsF4 | holding | — | — | — | 2,320,391 | I | SEE FTN | |
| Common UnitsF5 | holding | — | — | — | 110,000 | I | SEE FTN |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The units were withheld by the Issuer to satisfy the tax withholding upon vesting of restricted units. This is not an open market sale of securities.
- F2Settlement of non-derivative performance units granted under the Issuer's long term incentive plan and exempt from liability under Section 16(b) of the Securities Exchange Act pursuant to Rule 16b-3(d).
- F3The units were withheld by the Issuer to satisfy tax withholding requirements. This is not an open market sale of securities.
- F4The units reported on this line are held by the SWC Family Partnership LP. SWC Family Partnership LP is a limited partnership which is solely owned by SWC General Partner LLC. The Reporting Person is the sole member of SWC General Partner, LLC. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or any other purpose.
- F5The units reported on this line are held by the 2012 Shawn W. Coady Irrevocable Insurance Trust, for the benefit of the Reporting Person's children. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or any other purpose.