4//SEC Filing
Smith Stephen M 4
Accession 0001022321-13-000065
CIK 0001022321other
Filed
May 19, 8:00 PM ET
Accepted
May 20, 5:11 PM ET
Size
8.1 KB
Accession
0001022321-13-000065
Insider Transaction Report
Form 4
Smith Stephen M
Vice President
Transactions
- Exercise/Conversion
Common Units - Class A
2013-05-20+26,972→ 389,172 total - Exercise/Conversion
Waiver Units - Class 3
2013-05-20−26,972→ 0 totalExercise: $0.00From: 2013-05-15Exp: 2021-01-01→ Common Units - Class A (26,972 underlying)
Footnotes (3)
- [F1]The reporting person elected to convert 26,972 Waiver Units Class 3 on May 20, 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.
Documents
Issuer
GENESIS ENERGY LP
CIK 0001022321
Entity typeother
Related Parties
1- filerCIK 0001509101
Filing Metadata
- Form type
- 4
- Filed
- May 19, 8:00 PM ET
- Accepted
- May 20, 5:11 PM ET
- Size
- 8.1 KB