SEC Form 4/A · accession 0001610682-16-000128
USD Partners LP · USDP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
This is an amendment (Form 4/A). It replaces an earlier filing for the same period.
Reporting owner
Bradford Timothy Sanders
Director · Other
Period of report
Feb 22, 2016
Accepted (ET)
Feb 23, 2016 · 6:29 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,F3 | Feb 22, 2016 | A | 10,000 | $0.00 | A | 178,372 | 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.
- F3The amount previously reported of 168,372 understated the amount of securities beneficially held directly by the reporting owner in the amount of 10,000 common units.
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.