SEC Form 4 · accession 0001610682-16-000159
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
Mar 16, 2016
Accepted (ET)
Mar 17, 2016 · 4:23 pm EDT
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 | Mar 16, 2016 | P | 1,100 | $7.6827 | A | 83,765 | 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 $7.64 per unit to $7.70 per unit, 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.
- F2Includes 52,740 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 of the Issuer (the "General Partner"). The Issuer is managed by the directors and executive officers of the General Partner.