SEC Form 4 · accession 0001610682-19-000030
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 20, 2019
Accepted (ET)
Feb 22, 2019 · 4:27 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 20, 2019 | A | 10,000 | $0.00 | A | 429,748 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents vesting of Class A units of limited partnership that were granted to the Reporting Person in August 2014 and which vest based on satisfaction of the distribution performance conditions set forth in the Second Amended and Restated Partnership Agreement of the Issuer. The Class A units automatically converted into common units of limited partnership interest upon vesting on the basis of one common unit for each Class A unit.
- F2Includes 182,068 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.