SEC Form 4 · accession 0001610682-19-000046
USD Partners LP · USDP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Dan Borgen
Officer — SEE REMARKS · Director
Period of report
Feb 25, 2019
Accepted (ET)
Feb 27, 2019 · 4:37 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 25, 2019 | F | 6,391 | $11.06 | D | 364,534 | D | |
| COMMON UNITS (LIMITED PARTNER INTERESTS) | holding | — | — | — | 107,492 | I | By KKB Holdings LLC |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents common units of limited partnership interest withheld by the Issuer to satisfy tax withholding obligations of the Reporting Person upon vesting of outstanding phantom units.
- F2Includes 261,535 phantom units.
Remarks
The Reporting Person is President and Chief Executive Officer and 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.