SEC Form 4 · accession 0001144204-15-071560
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
Dec 15, 2015
Accepted (ET)
Dec 17, 2015 · 5:44 pm EST
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,F2 | Dec 15, 2015 | P | 14,204 | $12.3521 | A | 750,746 | I | Note |
| Common Units (Limited Partner Interests)F3 | holding | — | — | — | 1,550,000 | I | Note | |
| Common Units (Limited Partner Interests)F4 | holding | — | — | — | 250,000 | I | Note |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $12.29 to $12.44, 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 purchased at each separate price within the range set forth in this footnote (1) to this Form 4.
- F2Represents shares owned by St. Albans Global Management, LLLP ("Global"), a Delaware limited liability limited partnership, as to which Mr. Novelly is the chairman.
- F3Represents 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 Holding Co.
- F4Represents 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.