SEC Form 4 · accession 0001104659-19-004852
CVR Refining, LP · CVRR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Janice T DeVelasco
Officer — VP-Env., Health, Safety & Sec.
Period of report
Jan 29, 2019
Accepted (ET)
Jan 31, 2019 · 7:19 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001558785
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common UnitsF1 | Jan 29, 2019 | D | 4,623 | $10.50 | D | 0 | I | See footnote |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The reported securities are held of record by the Ruben P. DeVelasco Living Trust (the "Living Trust"), for which the reporting person serves as a co-trustee, and in such capacity may be deemed to beneficially own the common units held by the Living Trust. These securities were previously incorrectly reported as held directly by the reporting person.
- F2On January 29, 2019, all of the reported securities were disposed of to CVR Energy, Inc. ("CVR") in connection with CVR's exercise of its right under the Issuer's partnership agreement to purchase all of the issued and outstanding common units representing limited partner interests of the Issuer ("Common Units") not already owned by CVR Refining GP, LLC, a Delaware limited liability company and the general partner of the Issuer, or its affiliates for a cash purchase price of $10.50 per unit (the "Call Purchase"). Also on January 29, 2019, CVR purchased all of the remaining Common Units held by Icahn Enterprises Holdings L.P., a Delaware limited partnership, and American Entertainment Properties Corp., a Delaware corporation, (the "IEP Purchase" and, together with the Call Purchase, the "Purchase"). As a result of the Purchase, CVR owns, directly and indirectly, 100% of the Common Units.