SEC Form 4 · accession 0001610682-17-000058
USD Partners LP · USDP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Bradford Timothy Sanders
Director · Other
Period of report
Feb 24, 2017
Accepted (ET)
Feb 27, 2017 · 6:00 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 24, 2017 | A | 81,931 | $0.00 | A | 328,601 | D | |
| COMMON UNITS (LIMITED PARTNER INTERESTS)F3,F4 | Feb 25, 2017 | F | 6,461 | $12.80 | D | 322,140 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents 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 February 16, 2018 and on February 16 of each subsequent year.
- F2Includes 161,105 phantom units.
- F3Represents common units of limited partnership interest withheld by the Issuer to satisfy tax withholding obligations upon the vesting of outstanding phantom units.
- F4Includes 146,938 phantom 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.