SEC Form 4 · accession 0000899243-16-027002
VALERO ENERGY PARTNERS LP · VLP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owners
Energy Corp/tx Valero
10% Owner
VALERO ENERGY PARTNERS GP LLC
10% Owner
Valero Terminaling & Distribution Co
10% Owner
Period of report
Aug 10, 2016
Accepted (ET)
Aug 12, 2016 · 5:01 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001583103
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common units representing limited partner interestsF1,F2 | Aug 10, 2016 | C | 28,789,989 | — | A | 44,537,366 | I | See footnote |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Subordinated units representing limited partner interestsF2,F1 | $0.00 | Aug 10, 2016 | C | 28,789,989 | D | — | — | Common units representing limited partner interests | 28,789,989 | 0 | I |
Explanation of responses
- F1This Form 4 is being filed jointly by Valero Energy Corporation ("Valero"), Valero Terminaling and Distribution Company ("VTDC") and Valero Energy Partners GP LLC (the "General Partner"). The common stock of VTDC is owned by various indirect, wholly owned subsidiaries of Valero. The General Partner is a wholly owned subsidiary of VTDC. Accordingly, Valero may be deemed to indirectly beneficially own securities of Valero Energy Partners LP (the "Partnership") owned directly by VTDC and the General Partner.
- F2Represents the conversion of 28,789,989 subordinated units representing limited partner interests in the Partnership, which were converted into common units representing limited partner interests on a one-to-one basis upon expiration of the subordination period as set forth in the Partnership's First Amended and Restated Agreement of Limited Partnership.