SEC Form 4 · accession 0001610682-18-000026
USD Partners LP · USDP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael Jay Stanford
Officer — Vice President, CAO
Period of report
Feb 16, 2018
Accepted (ET)
Feb 20, 2018 · 4:22 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 16, 2018 | A | 13,691 | $0.00 | A | 35,774 | D | |
| COMMON UNITS (LIMITED PARTNER INTERESTS)F3,F4 | Feb 16, 2018 | F | 849 | $11.55 | D | 34,925 | 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 the one-year anniversary of the issuance date.
- F2Includes 35,774 phantom units.
- F3Represents common units of limited partnership interest withheld by the Issuer to satisfy tax withholding obligations of the Reporting Person upon the vesting of outstanding phantom units.
- F4Includes 32,158 phantom units.
Remarks
The Reporting Person is Vice President and Chief Accounting 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.