4//SEC Filing
GENESIS ENERGY LP 4
Accession 0001022321-14-000126
$GELCIK 0001022321operating
Filed
Nov 18, 7:00 PM ET
Accepted
Nov 19, 2:55 PM ET
Size
8.2 KB
Accession
0001022321-14-000126
Insider Transaction Report
Form 4
Deere Robert V
Chief Financial Officer
Transactions
- Exercise/Conversion
Common Units - Class A
2014-11-17+48,675→ 749,935 total - Exercise/Conversion
Waiver Units - Class 4
2014-11-17−48,675→ 0 totalExercise: $0.00From: 2014-11-14Exp: 2021-01-01→ Common Units - Class A (48,675 underlying)
Footnotes (3)
- [F1]The reporting person elected to convert 48,675 Waiver Units Class 4 on November 17, 2014, which comprised all of the Waiver Units of that class owned by the reporting person. The Waiver Units Class 4 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 4 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, Waiver Units Class 2 and Waiver Units Class 3 have previously converted to Common Units Class A. The Waiver Units Class 4 became convertible on November 14, 2014.
- [F3]Waiver Units that had not become convertible by January 1, 2021 would have, as of the close of business on such date, automatically been cancelled.
Documents
Issuer
GENESIS ENERGY LP
CIK 0001022321
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001022321
Filing Metadata
- Form type
- 4
- Filed
- Nov 18, 7:00 PM ET
- Accepted
- Nov 19, 2:55 PM ET
- Size
- 8.2 KB