SEC Form 4 · accession 0001104659-16-140897
NGL Energy Partners LP · NGL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Vincent J Osterman
Officer — President, Eastern Retail OP · Director
Period of report
Aug 19, 2016
Accepted (ET)
Aug 22, 2016 · 6:27 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 UnitsF2 | Aug 19, 2016 | S | 5,936 | $18.22 | D | 172,143 | D | |
| Common UnitsF3 | holding | — | — | — | 122,016 | I | BY: OSTERMAN FAMILY FOUNDATION | |
| Common UnitsF3 | holding | — | — | — | 110,587 | I | BY: AO ENERGY, INC. | |
| Common UnitsF3,F4 | holding | — | — | — | 559,784 | I | BY: MILFORD PROPANE INC. | |
| Common UnitsF3,F5 | holding | — | — | — | 1,445,850 | I | BY: OSTERMAN PROPANE INC. | |
| Common UnitsF3 | holding | — | — | — | 394,350 | I | BY: E. OSTERMAN, INC. | |
| Common UnitsF3,F4 | holding | — | — | — | 301,700 | I | BY: E. OSTERMAN GAS SERVICES, INC. | |
| Common UnitsF3 | holding | — | — | — | 669,300 | I | BY: E. OSTERMAN PROPANE INC. | |
| Common UnitsF3 | holding | — | — | — | 36,450 | I | BY: PROPANE GAS, INC. THROUGH PROPANE GAS, LLC | |
| Common UnitsF3 | holding | — | — | — | 214,600 | I | BY: SAVEWAY PROPANE GAS SERVICES, INC. |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The Reporting Person is a participant in the NGL Energy Partners LP 2011 Long-Term Incentive Plan ("Plan"). The 5,936 Common Units reported on this line were sold pursuant to the Reporting Person's prior election to have Common Units withheld and sold to cover the tax withholding obligation in connection with the August 15, 2016 vesting of 13,302 Common Units under the Plan.
- F2The price is the weighted average price for the Common Units reported on this line between $18.20 and $18.72. Complete information regarding the number of Common Units sold at each separate price will be provided upon request by the Commission Staff, the issuer or a security holder of the issuer.
- F3Vincent J. Osterman may be deemed to have shared voting or investment power over these securities. Mr. Osterman 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.
- F4Mr. Osterman holds no equity interest in this entity.
- F5These securities are held directly by Osterman Propane, Inc. Osterman Propane, Inc. disclaims beneficial ownership of these securities except to the extent of its 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.