SEC Form 4 · accession 0001144204-15-051797
World Point Terminals, LP · WPT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Paul A Novelly
Officer — See Remarks · Director · 10% Owner
Period of report
Aug 21, 2015
Accepted (ET)
Aug 25, 2015 · 5:01 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001574963
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Units (Limited Partner Interests)F1 | Aug 21, 2015 | P | 8,085 | $14.2835 | A | 616,501 | I | Footnote |
| Common Units (Limited Partner Interests)F2 | holding | — | — | — | 1,550,000 | I | Footnote | |
| Common Units (Limited Partner Interests)F3 | holding | — | — | — | 250,000 | I | Footnote |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents shares owned by St. Albans Global Management, LLLP ("Global"), a Delaware limited liability limited partnership, as to which Mr. Novelly is the chairman.
- F2Represents shares owned by Apex Oil Company, Inc., of which Apex Holding Co. is the sole shareholder. Mr. Novelly is the sole director of Apex Holding Co. Mr. Novelly disclaims beneficial ownership of all shares held indirectly by Apex Oil Holding Co.
- F3Represents shares owned by The Novelly Dynasty Trust (the "Dynasty Trust"), a trust established by the reporting person as to which he is neither a trustee nor a beneficiary. Mr. Novelly disclaims beneficial ownership of all shares held in the Dynasty Trust.
Remarks
The Reporting Person is the Chairman of the Board and Chief Executive Officer of WPT GP, LLC, the general partner of the Issuer (the "General Partner"). The Issuer is managed by the directors and executive officers of the General Partner.