SEC Form 4 · accession 0001549848-17-000036
Hi-Crush Partners LP · HCLP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert E. Rasmus
Officer — CEO and Director · Director
Period of report
Feb 28, 2017
Accepted (ET)
Mar 2, 2017 · 7:58 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001549848
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Units representing limited partner interestsF2 | Feb 28, 2017 | M | 20,000 | $5.14 | A | 48,189 | D | |
| Common Units representing limited partner interestsF3 | holding | — | — | — | 30,000 | I | See Footnote | |
| Common Units representing limited partner interestsF4 | holding | — | — | — | 500 | I | See Footnote |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Purchase Rights for UnitsF2 | $5.14 | Feb 28, 2017 | M | 20,000 | D | Feb 28, 2017 | Feb 28, 2017 | Common Units | 20,000 | 0 | D |
Explanation of responses
- F1Exercise of purchase rights for common units exempt under Rule 16b-3.
- F2On December 14, 2015, the reporting person was granted the right to purchase, on February 28, 2017, at $5.14 per common unit, up to the number of common units that are equal to (i) the reporting person's aggregate dollar amount of contributions made to the Hi-Crush Partners LP Unit Purchase Program ("UPP") during the period of the UPP's applicability divided by (ii) 5.14; provided that such number of common units shall be capped at 20,000 common units. Based on the application of the foregoing formula on the February 28, 2017 purchase date, the reporting person had the right to purchase, and did purchase, 20,000 common units.
- F3The Common Units were purchased by RER Investments LLC. The Reporting Person is the sole member of RER Investments LLC.
- F4The Common Units included in this report were purchased by the Reporting Person's son for his own account in a Directed Unit Program in connection with the initial public offering of common units representing limited partners interests in the Issuer. The Reporting Person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for the purposes of Section 16 or for any other purpose.