SEC Form 4 · accession 0001351541-16-000363
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
Dec 16, 2016
Accepted (ET)
Dec 20, 2016 · 5:52 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 interestsF2,F3,F4,F5 | Dec 16, 2016 | P | 8,802 | $29.0005 | A | 15,026,245 | D | |
| Common Units representing limited partner interestsF6,F3,F4,F5 | Dec 16, 2016 | P | 400 | $29.9375 | A | 15,026,645 | D | |
| Common Units representing limited partner interestsF7,F3,F4,F5 | Dec 19, 2016 | P | 6,908 | $28.4917 | A | 15,033,553 | D | |
| Common Units representing limited partner interestsF3,F4,F5 | Dec 19, 2016 | P | 200 | $28.95 | A | 15,033,753 | D | |
| Common Units representing limited partner interestsF8,F3,F4,F5 | Dec 20, 2016 | P | 2,200 | $28.3114 | A | 15,035,953 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The purchases reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by Delek Marketing & Supply, LLC ("Delek Marketing") on November 11, 2016.
- F2The price reflects the weighted average purchase price of multiple transactions ranging from a low purchase price of $28.8250 per unit to a high purchase price of $29.60 per common unit. Upon the written request of the staff of the Securities and Exchange Commission, Delek Logistics Partners, LP ("the Issuer") or a security holder of the Issuer, the reporting person agrees to provide the number of units sold at each sale price.
- F3Delek US Holdings, Inc. ("Delek US") directly owns 100% of the outstanding ownership interests of Delek Marketing. Delek US may therefore be deemed to beneficially own securities of the Issuer owned directly by Delek Marketing.
- F4Delek Logistics GP, LLC ("Delek GP") owns approximately 496,502 general partner units, representing its 2.0% general partner interest in the Issuer, as well as its incentive distribution rights.
- F5This Form 4 is being filed jointly by Delek US, Lion Oil Company ("Lion Oil"), Delek GP, and Delek Marketing. Lion Oil and Delek Marketing are wholly owned subsidiaries of Delek US. Lion Oil and Delek Marketing respectively own 12,611,465 and 2,424,488 common units representing limited partner interests in the Issuer.
- F6The price reflects the weighted average purchase price of multiple transactions ranging from a low purchase price of $29.75 per unit to a high purchase price of $30.00 per common unit. Upon the written request of the staff of the Securities and Exchange Commission, the Issuer or a security holder of the Issuer, the reporting person agrees to provide the number of units sold at each sale price.
- F7The price reflects the weighted average purchase price of multiple transactions ranging from a low purchase price of $27.95 per unit to a high purchase price of $28.9250 per common unit. Upon the written request of the staff of the Securities and Exchange Commission, the Issuer or a security holder of the Issuer, the reporting person agrees to provide the number of units sold at each sale price.
- F8The price reflects the weighted average purchase price of multiple transactions ranging from a low purchase price of $28.00 per unit to a high purchase price of $28.65 per common unit. Upon the written request of the staff of the Securities and Exchange Commission, the Issuer or a security holder of the Issuer, the reporting person agrees to provide the number of units sold at each sale price.