SEC Form 4 · accession 0001181431-15-002079
New Source Energy Partners L.P. · NSLP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David James Chernicky
10% Owner
Period of report
Feb 3, 2015
Accepted (ET)
Feb 6, 2015 · 4:18 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001560443
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common UnitsF2,F3 | Feb 3, 2015 | S | 10,000 | $7.29 | D | 1,258,839 | I | By Scintilla, LLC |
| Common UnitsF3 | Feb 5, 2015 | S | 4,300 | $7.70 | D | 1,254,539 | I | By Scintilla, LLC |
| Common UnitsF3 | Feb 5, 2015 | S | 26 | $7.71 | D | 1,254,513 | I | By Scintilla, LLC |
| Common UnitsF3 | Feb 5, 2015 | S | 500 | $7.69 | D | 1,254,013 | I | By Scintilla, LLC |
| Common UnitsF3 | Feb 5, 2015 | S | 5,174 | $7.68 | D | 1,248,839 | I | By Scintilla, LLC |
| Common Units | holding | — | — | — | 133,750 | D | ||
| Common UnitsF1 | holding | — | — | — | 1,125,500 | I | By New Source Energy Corporation |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The reported units are owned directly by New Source Energy Corporation ("NSEC"). The reporting person owns 89% of the voting common stock of NSEC. The reporting person disclaims beneficial ownership of the reported units except to the extent of his pecuninary interest therein.
- F2The price reported in Column 4 is a weighted average price. These units were sold in multiple transactions at prices ranging from $7.25 to $7.37, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of units sold at each separate price within the ranges set forth in this footnote 2.
- F3The reported units are owned directly by Scintilla, LLC ("Scintilla"). The reporting person owns 100% of the outstanding membership interests of Scintilla. The reporting person disclaims beneficial ownership of the reported units except to the extent of his pecuninary interest therein.