Lightfoot Capital Partners, LP 4
4 · Arc Logistics Partners LP · Filed Dec 26, 2017
Insider Transaction Report
Form 4
Lightfoot Captial Partners, LP
10% Owner
Transactions
- Disposition to Issuer
Common units representing limited partner interests
2017-12-21−5,242,775→ 0 total
Footnotes (2)
- [F1]Pursuant to the Purchase Agreement and Plan of Merger dated as of August 29, 2017, by and among Zenith Energy U.S., L.P., Zenith Energy U.S. GP, LLC, Zenith Energy U.S. Logistics Holdings, LLC, Zenith Energy U.S. Logistics, LLC, Arc Logistics Partners LP, Arc Logistic GP LLC, Lightfoot Capital Partners, LP ("LCP LP") and Lightfoot Capital Partners GP LLC ("LCP GP"), all of the common units held by LCP LP were cancelled and converted into the right to receive an amount in cash equal to $14.50 per common unit, subject to any required withholding taxes.
- [F2]This Form 4 is filed jointly by LCP LP and LCP GP, the general partner of LCP LP. These units were owned directly by LCP LP, a ten percent owner of the Issuer, and indirectly by LCP GP as general partner of LCP LP. LCP GP was a ten percent indirect beneficial owner of the Issuer by virtue of its general partner interest in LCP LP. LCP GP disclaimed beneficial ownership of the units owned directly by LCP LP except to the extent of its pecuniary interest therein.