SEC Form 4 · accession 0000903423-15-000538
DORIAN LPG LTD. · LPG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Period of report
Aug 27, 2015
Accepted (ET)
Aug 31, 2015 · 4:11 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001596993
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Obligation to sellF1 | $15.34 | Jul 2, 2015 | E | 6,000,000 | D | Jul 22, 2015 | Aug 27, 2015 | Common Shares | 6,000,000 | 0 | I |
| Right to buyF1 | $15.34 | Jul 2, 2015 | J | 6,000,000 | D | Jul 22, 2015 | Aug 27, 2015 | Common Shares | 6,000,000 | 0 | I |
Explanation of responses
- F1The option granted by BW Euroholdings Limited ("Euroholdings"), a wholly-owned subsidiary of BW Group ("BWG"), to BW LPG Limited ("LPG") to purchase from Euroholdings 6,000,000 common shares of Dorian LPG Ltd. (the "Option") expired on August 27, 2015. BWG holds 45.53% of LPG. The Sohmen Family Foundation holds 93.25% of BWG.
- F2Expiration of long derivative position without value received. No consideration was paid by LPG in exchange for receiving the Option.