SEC Form 4 · accession 0001610682-18-000030
USD Partners LP · USDP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jane A Ohagan
Director · Other
Period of report
Feb 16, 2018
Accepted (ET)
Feb 20, 2018 · 4:24 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 | M | 8,333 | $0.00 | A | 8,333 | D | |
| COMMON UNITS (LIMITED PARTNER INTERESTS)F1,F2 | Feb 16, 2018 | D | 8,333 | $11.55 | D | 0 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| PHANTOM UNITSF2,F3 | $0.00 | Feb 16, 2018 | A | 11,348 | A | Feb 16, 2019 | Feb 16, 2019 | COMMON UNITS | 11,348 | 19,681 | D |
| PHANTOM UNITSF1,F2 | $0.00 | Feb 16, 2018 | M | 8,333 | D | Feb 16, 2018 | Feb 16, 2018 | COMMON UNITS | 8,333 | 11,348 | D |
Explanation of responses
- F1Represents the vesting of Phantom Units which are settled in cash pursuant to the terms of the applicable award agreement.
- F2Each phantom unit is the economic equivalent of one common unit of USDP and settles in cash on the vesting date pursuant to the terms of the applicable award agreement. The phantom units vest on the one-year anniversary of the grant date.
- F3Includes 8,333 phantom units which vested on February 16, 2018.
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.