SEC Form 4 · accession 0001144204-17-036553
World Point Terminals, LP · WPT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owners
World Point Terminals, Inc.
10% Owner
NOVELLY DYNASTY TRUST
10% Owner
NOVELLY FAMILY TRUST
10% Owner
Period of report
Jul 10, 2017
Accepted (ET)
Jul 12, 2017 · 4:21 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 | Jul 10, 2017 | P | 3,066,864 | $17.30 | A | 15,617,845 | D | |
| Common Units (Limited Partner Interests)F1 | holding | — | — | — | 16,485,507 | I | By CPT Subsidiary |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1This Form 4 is filed jointly by World Point Terminals, Inc. ("Parent"), the Novelly Dynasty Trust and the Novelly Family Trust (collectively, the "Trusts"). The Issuer is an indirect subsidiary of Parent. The Trusts collectively own a controlling interest in Parent and as such, may be deemed to indirectly beneficially own the securities held by Parent. The trustees of the Trusts have shared investment and voting control over the securities held by Parent, but may exercise such control only with the support of a majority of the trustees. As such, the Reporting Person(s) disclaim beneficial ownership of the securities of the Issuer held by the Parent. CPT 2010, LLC ("CPT Subsidiary") is a wholly-owned subsidiary of Parent. Parent and the Trusts may be deemed to indirectly beneficially own the securities held by CPT Subsidiary, but disclaim beneficial ownership except to the extent of their respective pecuniary interest therein, if any.