4//SEC Filing
Davis Paul A 4
Accession 0001022321-12-000075
CIK 0001022321other
Filed
Aug 14, 8:00 PM ET
Accepted
Aug 15, 12:27 PM ET
Size
8.2 KB
Accession
0001022321-12-000075
Insider Transaction Report
Form 4
Davis Paul A
SVP - Business Development
Transactions
- Exercise/Conversion
Common Units - Class A
2012-08-14+982→ 13,188 total - Exercise/Conversion
Waiver Units - Class 2
2012-08-14−982→ 0 totalExercise: $0.00From: 2012-08-14Exp: 2021-01-01→ Common Units - Class A (982 underlying)
Footnotes (3)
- [F1]The reporting person elected to convert 982 Waiver Units - Class 2 on August 14, 2012, which comprised all of the Waiver Units of that class owned by the reporting person. The Waiver Units - Class 2 are convertible into Common Units - Class A on a one-for-one basis, resulting in the reporting person's acquisition of a number of Common Units - Class A equal to the number of Waiver Units - Class 2 converted.
- [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 2 became convertible on August 14, 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
Issuer
GENESIS ENERGY LP
CIK 0001022321
Entity typeother
Related Parties
1- filerCIK 0001545424
Filing Metadata
- Form type
- 4
- Filed
- Aug 14, 8:00 PM ET
- Accepted
- Aug 15, 12:27 PM ET
- Size
- 8.2 KB