SEC Form 4 · accession 0001610682-15-000101
USD Partners LP · USDP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Paul Leray Tucker
Officer — SEE REMARKS
Period of report
Dec 15, 2015
Accepted (ET)
Dec 17, 2015 · 6:59 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 | Dec 15, 2015 | P | 10,000 | $6.9433 | A | 20,000 | D | |
| COMMON UNITS (LIMITED PARTNER INTERESTS)F2 | holding | — | — | — | 29,698 | 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 $6.70 to $7.10, 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 in four annual installments commencing on the one-year anniversary of the issuance date.
Remarks
The Reporting Person is Senior Vice President and Chief Operating Officer of USD Partners GP LLC (the "General Partner"). The Issuer is managed by the directors and executive officers of the General Partner.