SEC Form 4 · accession 0000919574-17-004939
DORIAN LPG LTD. · LPG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John C Hadjipateras
Officer — President and CEO · Director · 10% Owner
Period of report
Jun 15, 2017
Accepted (ET)
Jun 19, 2017 · 5:28 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001596993
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Shares, $0.01 par value per shareF1 | Jun 15, 2017 | A | 75,000 | $0.00 | A | 2,354,744 | D | |
| Common Shares, $0.01 par value per shareF2 | Jun 15, 2017 | F | 6,439 | $7.32 | D | 2,348,305 | D | |
| Common Shares, $0.01 par value per shareF3 | Jun 15, 2017 | F | 6,439 | $7.32 | D | 2,341,866 | D | |
| Common Shares, $0.01 par value per share | holding | — | — | — | 25,000 | I | By spouse | |
| Common Shares, $0.01 par value per shareF4 | holding | — | — | — | 20,000 | I | By Trust |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Restricted Stock Award, of which 25% vested on the grant date and 25% of which will vest on June 15, 2018, June 15, 2019, and June 15, 2020, respectively.
- F2In connection with the vesting of 25% of the Restricted Stock Award (18,750 shares) on June 15, 2017, 6,439 shares were withheld by the Issuer to satisfy the Reporting Person's tax withholding obligations.
- F3Represents 6,439 shares reacquired to satisfy tax withholding obligations in connection with the vesting of 18,750 shares of restricted stock granted to the Reporting Person on June 15, 2016.
- F4Shares held by the LMG Trust (the "Trust"). The Reporting Person and his wife are trustees of the Trust, and the beneficiary of the Trust is one of their children. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities shall not be deemed an admission of beneficial ownership by the Reporting Person of the reported securities for purposes of Section 16 or any other purpose.