SEC Form 4 · accession 0001209191-15-064818
Sunoco LP · SUN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Stripes LLC
10% Owner
Period of report
Jul 31, 2015
Accepted (ET)
Aug 10, 2015 · 12:45 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001552275
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common UnitsF1 | Jul 31, 2015 | J | 79,308 | — | D | 0 | D | |
| Class A UnitsF1 | Jul 31, 2015 | J | 5,549,026 | — | A | 5,549,026 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Subordinated UnitsF1,F2 | — | Jul 31, 2015 | J | 5,469,718 | D | — | — | Common Units | 5,469,718 | 0 | D |
Explanation of responses
- F1On July 31, 2015, pursuant to the terms of the Contribution Agreement dated as of July 14, 2015, Stripes LLC ("Stripes"), a wholly owned subsidiary of Susser Holdings Corporation ("SHC"), (i) exchanged its 79,308 Common Units for 79,308 Class A Units and (ii) converted its 5,469,718 Subordinated Units into 5,469,718 Class A Units. SHC may be deemed to share beneficial ownership of Stripes' interest in the Issuer through SHC's ability to control Stripes.
- F2Prior to this transaction, the Subordinated Units would have converted into Common Units on a one-for-one basis at the end of the Subordination Period as described in the Issuer's Registration Statement on Form S-1 (File No. 333-182276).