SEC Form 4 · accession 0000899243-16-033905
Arc Logistics Partners LP · ARCX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Period of report
Nov 16, 2016
Accepted (ET)
Nov 18, 2016 · 5:10 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001583744
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 | Nov 16, 2016 | C | 5,146,264 | — | A | 5,214,881 | D |
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 interestsF1,F2,F3 | — | Nov 16, 2016 | C | 5,146,264 | D | — | — | Common units representing limited partner interests | 5,146,264 | 0 | D |
Explanation of responses
- F1The 5,146,264 subordinated units representing limited partner interests in the Issuer ("Subordinated Units") owned directly by Lightfoot Capital Partners, LP ("LCP") automatically converted into 5,146,264 common units representing limited partner interests in the Issuer ("Common Units") under the terms of the Issuer's First Amended and Restated Agreement of Limited Partnership. These Subordinated Units were misreported in Table I of the Reporting Persons' Form 3 filed on November 5, 2013.
- F2This Form 4 is filed jointly by LCP and Lightfoot Capital Partners GP LLC ("LCP GP"), the general partner of LCP. These units are owned directly by LCP, a ten percent owner of the Issuer, and indirectly by LCP GP as general partner of LCP. LCP GP is a ten percent indirect beneficial owner of the Issuer by virtue of its general partner interest in LCP. LCP GP disclaims beneficial ownership of the units owned directly by LCP except to the extent of its pecuniary interest therein.
- F3Each Subordinated Unit was convertible into one Common Unit at the end of the subordination period described in the Issuer's Registration Statement on Form S-1 (File No. 333-191534).