Davis Paul A 4
4 · GENESIS ENERGY LP · Filed May 17, 2013
Insider Transaction Report
Form 4
Davis Paul A
SVP - Business Development
Transactions
- Exercise/Conversion
Common Units - Class A
2013-05-16+982→ 14,170 total - Exercise/Conversion
Waiver Units - Class 3
2013-05-16−982→ 0 totalExercise: $0.00From: 2013-05-15Exp: 2021-01-01→ Common Units - Class A (982 underlying)
Footnotes (3)
- [F1]The reporting person elected to convert 982 Waiver Units Class 3 on May 16, 2013, which comprised all of the Waiver Units of that class owned by the reporting person. The Waiver Units Class 3 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 3 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 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 Class A 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 and Waiver Units Class 2 have previously converted to Common Units Class A. The Waiver Units Class 3 became convertible on May 15, 2013.
- [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.