SEC Form 4 · accession 0000899243-16-028344
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
Sep 1, 2016
Accepted (ET)
Sep 1, 2016 · 4:21 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,F3 | Sep 1, 2016 | J | 1,149,905 | — | A | 45,687,271 | I | See footnote |
Table II — derivative securities
No Table II lines on this filing.
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.
- F2On September 1, 2016, the Partnership and VTDC entered into a Contribution Agreement, pursuant to which VTDC contributed, and caused the General Partner to contribute, interests in certain subsidiaries of Valero to the Partnership in exchange for a cash distribution of $276,000,000 to VTDC and the issuance of 1,149,905 Common Units to VTDC and 23,467 general partner units to the General Partner.
- F3In certain circumstances, if the General Partner is removed as the general partner of the Partnership, the General Partner will have the right to convert its general partner interest and its incentive distribution rights into common units as set forth in the Partnership's partnership agreement.