SEC Form 4 · accession 0000899243-16-023723
Northern Tier Energy LP · NTI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Western Refining, Inc.
Director · 10% Owner
Period of report
Jun 23, 2016
Accepted (ET)
Jun 27, 2016 · 9:51 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001533454
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common UnitF1 | Jun 23, 2016 | P$0 | 57,325,033 | — | A | 92,947,533 | I | See Footnote |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On June 23, 2016, through a merger between a wholly-owned subsidiary and Northern Tier Energy LP ("NTI"), Western Refining, Inc. ("WNR") acquired all of the NTI common units issued and outstanding that were not already owned by WNR and its subsidiaries. On June 23, 2016, the last trading day for NTI common units, the closing price of NTI common units was $21.15 per unit and the closing price of WNR's common stock was $20.25.
Remarks
NT InterHoldCo LLC, a wholly-owned subsidiary of WNR, has the right to appoint directors to the board of Northern Tier Energy GP LLC, the general partner of NTI. Therefore, WNR may be deemed to be a director by deputization.