PARK AVENUE TRANSPORTATION INC 4
4 · K-SEA TRANSPORTATION PARTNERS LP · Filed Mar 11, 2010
Insider Transaction Report
Form 4
FRIEDMAN BRIAN P
Director10% Owner
Transactions
- Sale
Common Units representing limited partner interests
2010-03-05$8.55/sh−375,000$3,206,250→ 3,889,683 total(indirect: SEE NOTE)
Holdings
- 43,912
Common Units representing limited partner interests
Footnotes (2)
- [F1]Held by the general partner of the Issuer (99,683 common units) and EW Transportation LLC ("EW LLC") and its subsidiaries (3,790,000 common units).
- [F2]EW LLC is owned by individual investors, including certain of the Issuer's directors and executive officers, and by KSP Investors A L.P. (57.6% economic interest), KSP Investors B L.P. (19.8% economic interest) and KSP Investors C L.P. (12.6% economic interest) (each, a "KSP Entity"). Mr. Friedman also owns 51% of Park Avenue Transportation Inc. ("PAT"), which is the general partner of each KSP Entity. Mr. Friedman and PAT may be deemed to beneficially own the securities owned by EWT LLC and its subsidiaries. Mr. Friedman and PAT disclaim beneficial ownership of these securities except to the extent of their respective pecuniary interests therein.