SEC Form 4 · accession 0001610682-15-000094
USD Partners LP · USDP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
G Stacy Smith
Director · Other
Period of report
Nov 30, 2015
Accepted (ET)
Dec 1, 2015 · 4:47 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001610682
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| COMMON UNITS (LIMITED PARTNER INTERESTS)F1 | Nov 30, 2015 | P | 10,178 | $10.0499 | A | 11,918 | D | |
| COMMON UNITS (LIMITED PARTNER INTERESTS)F2 | holding | — | — | — | 3,603 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The price reported in Column 4 is a weighted average price. The units were acquired in multiple transactions at prices ranging from $10.03 to $10.10, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission upon request, full information regarding the number of units acquired at each separate price within the ranges set forth in this footnote.
- F2Represents the grant of phantom units. Each phantom unit is the economic equivalent of one common unit of USDP. The phantom units vest on the one-year anniversary of the grant date.
Remarks
The Reporting Person is a director of USD Partners GP LLC, the general partner of the Issuer (the"General Partner"). The Issuer is managed by the directors and executive officers of the General Partner.