SEC Form 4 · accession 0001610682-16-000123
USD Partners LP · USDP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
A later amendment supersedes this filing — read the amendment. The figures below are kept as originally reported (version chain, not an overwrite).
Reporting owner
Bradford Timothy Sanders
Director · Other
Period of report
Feb 22, 2016
Accepted (ET)
Feb 22, 2016 · 4:56 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,F2 | Feb 22, 2016 | A | 10,000 | $0.00 | A | 168,372 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents vesting of 25% of Class A units of limited partnership that were granted to the reporting person in August 2014 and which vest based on satisfaction of certain distribution conditions. The Class A units automatically converted into common units of limited partnership interest upon vesting on a one-for-one basis.
- F2Includes 32,529 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 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.