SEC Form 4 · accession 0000902664-16-007265
Green Plains Partners LP · GPP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Tourbillon Capital Partners, L.P.
10% Owner
Period of report
Feb 3, 2016
Accepted (ET)
Jun 6, 2016 · 5:01 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001635650
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Notional Principal Amount Derivative AgreementF1,F2,F3 | $13.02 | Feb 3, 2016 | J | 1 | A | Feb 3, 2016 | Feb 9, 2017 | Common Units representing limited partnership interest | 25,060 | 1 | I |
Explanation of responses
- F1This Form 4 is filed jointly Tourbillon Capital Partners LP ("Tourbillon") and Jason H. Karp (together, the "Reporting Persons"). Each of the Reporting Persons and Global Master Fund (as defined below) disclaims beneficial ownership of the securities reported herein except to the extent of his or its pecuniary interest therein.
- F2Securities held for the account of Tourbillon Global Master Fund Ltd. ("Global Master Fund"). Each of Tourbillon, as the Investment Manager of Global Master Fund, and Jason H. Karp as the Chief Executive Officer of Tourbillon, may be deemed to beneficially own the securities held for the account of Global Master Fund.
- F3Notional principal amount derivative agreement (the "Derivative Agreement") in the form of cash settled swaps entered into by Global Master Fund. The Derivative Agreement provides Global Master Fund with economic results that are comparable to the economic results of ownership payable on the settlement date applicable to the expiration or earlier termination of such Derivative Agreement, but does not provide it with the power to vote or direct the voting or dispose of or direct the disposition of the Common Units that are the subject of the Derivative Agreement (such securities, the "Global Master Fund Subject Securities"). Each of the Reporting Persons and Global Master Fund disclaims beneficial ownership in the Common Units referenced by the Global Master Fund Subject Securities for purposes of Section 13(d) of the Act. The counterparty to the Derivative Agreement is an unaffiliated third party financial institution.