4//SEC Filing
Nathanson Steven R 4
Accession 0001022321-12-000080
CIK 0001022321other
Filed
Sep 11, 8:00 PM ET
Accepted
Sep 12, 3:17 PM ET
Size
8.2 KB
Accession
0001022321-12-000080
Insider Transaction Report
Form 4
Nathanson Steven R
President, Refinery Srvcs Div
Transactions
- Exercise/Conversion
Waiver Units - Class 2
2012-09-10−53,944→ 0 totalExercise: $0.00From: 2012-08-14Exp: 2021-01-01→ Common Units - Class A (53,944 underlying) - Exercise/Conversion
Common Units - Class A
2012-09-10+53,944→ 854,307 total
Footnotes (3)
- [F1]The reporting person elected to convert 53,944 Waiver Units - Class 2 on September 10, 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 0001484562
Filing Metadata
- Form type
- 4
- Filed
- Sep 11, 8:00 PM ET
- Accepted
- Sep 12, 3:17 PM ET
- Size
- 8.2 KB