GENESIS ENERGY LP|4Mar 28, 2:18 PM ET

Davis Paul A 4

4 · GENESIS ENERGY LP · Filed Mar 28, 2012

Form 4

Period: 2012-03-19

SVP - Business Development

Transactions

Award
Waiver Units - Class 1
2012-03-19+982→ 982 total
Exp: 2021-01-01→ Common Units - Class A (982 underlying)
Award
Waiver Units - Class 3
2012-03-19+982→ 982 total
Exp: 2021-01-01→ Common Units - Class A (982 underlying)
Exercise/Conversion
Common Units - Class A
2012-03-19+982→ 12,206 total
Exercise/Conversion
Waiver Units - Class 1
2012-03-19−982→ 0 total
Exp: 2021-01-01→ Common Units - Class A (982 underlying)
Award
Common Units - Class A
2012-03-19+11,224→ 11,224 total
Award
Waiver Units - Class 2
2012-03-19+982→ 982 total
Exp: 2021-01-01→ Common Units - Class A (982 underlying)
Award
Waiver Units - Class 4
2012-03-19+982→ 982 total
Exp: 2021-01-01→ Common Units - Class A (982 underlying)

Footnotes (3)

[F1]Granted in connection with the appointment of the reporting person to the position of Senior Vice President - Business Development of the general partner of Genesis Energy, L.P. (the "Partnership"). On that date, March 19, 2012, the closing price of the Common Units - Class A of the Partnership on the New York Stock Exchange was $33.00.
[F2]The Waiver Units, among other rights, preferences and privileges, are entitled to quarterly distributions of $0.001786 per Waiver Unit and are convertible into Common Units - Class A on a one-for-one basis at the option of the holder upon, among other things, payment of a quarterly cash distribution on the Common Units that has a coverage ratio of at least 1.10 and equals or exceeds the applicable distribution level: (i) Class 1 - $0.43 per Common Unit; (ii) Class 2 - $0.46 per Common Unit; (iii) Class 3 - $0.49 per Common Unit; and (iv) Class 4 - $0.52 per Common Unit. The Waiver Units will also automatically convert to Common Units - Class A upon the six-month anniversary of the occurrence of the circumstances that give rise to the right of the holder to convert. The Waiver Units - Class 1 became convertible on February 16, 2012.
[F3]Waiver Units that have not become convertible by January 1, 2021 shall, as of the close of business on such date, automatically be cancelled.

Documents

1 file