SEC Form 4 · accession 0001144204-15-053817
World Point Terminals, LP · WPT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
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 | Sep 2, 2015 | S | 400 | $14.5429 | D | 13,800 | D | |
| Common Units (Limited Partner Interests) | Sep 2, 2015 | S | 300 | $14.5429 | D | 400 | I | By Wife |
| Common Units (Limited Partner Interests) | Sep 2, 2015 | S | 2,445 | $14.5429 | D | 2,555 | I | Note 1 |
| Common Units (Limited Partner Interests) | Sep 2, 2015 | S | 100 | $14.5429 | D | 2,000 | I | Note 2 |
| Common Units (Limited Partner Interests) | Sep 2, 2015 | S | 500 | $14.5429 | D | 1,500 | I | Note 3 |
| Common Units (Limited Partner Interests)F2 | Sep 3, 2015 | S | 823 | $14.6521 | D | 2,715 | I | Note 4 |
| Common Units (Limited Partner Interests) | holding | — | — | — | 5,600 | I | By Minor Children |
Table II — derivative securities
Explanation of responses
- F1Does not include shares owned by the George and Reva Graziadio Foundation (the "Foundation"), a charitable foundation established by Mr. Graziadio's parents, as to which Mr. Graziadio has no beneficial ownership or pecuniary interest. Mr. Graziadio is one of three directors of the Foundation and does not have the right to control disposition of the shares owned by the Foundation.
- F2The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions ranging from $14.55 to $14.76, inclusive. The reporting person undertakes to provide World Point Terminals, LP, any security holder in World Point Terminals, LP, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote (2) to this Form 4.
Remarks
The Reporting Person is a director 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. Note 1. Shares are owned by the Graziadio Dynasty Trust II f/b/o G. Louis Graziadio III, a trust established by Mr. Graziadio as to which he is both a trustee and a beneficiary. Note 2. Shares are owned by Gina-Carra Partnership, consisting of trusts for the benefit of Mr. Graziadio's children (see Note 3 below). Note 3. Shares are owned by Ginarra Partners, L.L.C., a California limited liability company ("Partners"), which is majority owned by GFT (see Note 4 below). The remaining equity interest in Partners is owned by Gina-Carra Partnership ("Gina-Carra"), a limited partnership of which Mr. Graziadio is the Trustee of each of the general partners, which are trusts for the benefit of Mr. Graziadio's children. Mr. Graziadio disclaims beneficial ownership of the shares owned by Partners, except to the extent of any pecuniary interest therein. Note 4. Shares are owned by Graziadio Family Trust, u/d/t 10/13/75 ("GFT"), an irrevocable trust established by Mr. Graziadio for the benefit of his children. Mr. Graziadio is neither a trustee nor a beneficiary of GFT and disclaims beneficial ownership of the shares owned by GFT.