SEC Form 4 · accession 0001351541-16-000181
Delek Logistics Partners, LP · DKL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owners
LION OIL CO
10% Owner
Delek US Holdings, Inc.
10% Owner
Delek Logistics GP, LLC
10% Owner
Delek Marketing & Supply, LLC
10% Owner
Period of report
Feb 25, 2016
Accepted (ET)
Feb 29, 2016 · 3:18 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001552797
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Units representing limited partner interestsF1,F2,F3,F4 | Feb 25, 2016 | C | 11,999,258 | — | A | 14,798,516 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Subordinated Units representing limited partner interestsF1,F4 | $0.00 | Feb 25, 2016 | C | 11,999,258 | D | — | — | Common Units representing limited partner interest | 11,999,258 | 0 | D |
Explanation of responses
- F1Represents the conversion of 11,999,258 subordinated units representing limited partner interests in Delek Logistics Partners, LP (the "Issuer"), which were converted into common units representing limited partner interests on a one-to-one basis upon expiration of the subordination period as set forth in the Issuer's First Amended and Restated Agreement of Limited Partnership.
- F2This Form 4 is being filed jointly by Delek US Holdings, Inc. ("Delek US"), Lion Oil Company ("Lion Oil"), Delek Marketing & Supply, LLC ("Delek Marketing") and Delek Logistics GP, LLC ("Delek GP"). Lion Oil and Delek Marketing are wholly owned subsidiaries of Delek US. Lion Oil and Delek Marketing respectively own 12,611,465 and 2,187,051 common units representing limited partner interests in the Issuer.
- F3Delek GP owns approximately 495,445 general partner units, representing its 2.0% general partner interest in the Issuer, as well as its incentive distribution rights.
- F4Delek US directly owns 100% of the outstanding ownership interests of Lion Oil and Delek Marketing. Delek US may therefore be deemed to beneficially own securities of the Issuer owned directly by Lion Oil and Delek Marketing.