4//SEC Filing
NGL Energy Partners LP 4
Accession 0001104659-14-062580
$NGLCIK 0001504461operating
Filed
Aug 20, 8:00 PM ET
Accepted
Aug 21, 7:57 PM ET
Size
10.4 KB
Accession
0001104659-14-062580
Insider Transaction Report
Form 4
ATKINSON BRADLEY K
VP, Business Development
Transactions
- Exercise/Conversion
Common Units
2014-08-15+331,898→ 725,693 total(indirect: SEE FTN) - Exercise/Conversion
Subordinated units representing limited partner interest
2014-08-15−331,898→ 0 total(indirect: SEE FTN)→ Common units representing limited partner interest (331,898 underlying)
Holdings
- 120,000(indirect: SEE FTN)
Common Units
- 29,393
Common Units
Footnotes (4)
- [F1]On August 15, 2014, pursuant to the terms of the Second Amended and Restated Agreement of Limited Partnership of NGL Energy Partners LP (the "Partnership"), as amended ("the Partnership Agreement"), 331,898 subordinated units representing limited partner interests in the Partnership (the "Subordinated Units") acquired by the Reporting Person in the Partnership's initial public offering (the "IPO") converted automatically into common units representing limited partnership interests in the Partnership (the "Common Units") on a one-for-one basis for no additional consideration.
- [F2]Each Subordinated Unit will convert into one Common Unit at the end of the subordination period described in the Issuer's Registration Statement on Form S-1, as amended (No. 333-172186). The Subordinated Units do not have an expiration date.
- [F3]These Units are owned directly by Atkinson Investors, LLC, which is majority owned by BKA Family Partnership with minority interest owned by the Reporting Person, Cheryl L. Atkinson, his wife. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all the reported securities for purposes of Section 16 or any other purpose.
- [F4]Units are owned directly by Atkinson 2012 Grandchildren Dynasty Trust. The Atkinson 2012 Grandchildren Dynasty Trust is controlled by the Reporting Person and Cheryl L. Atkinson, as both Settlors and Co-Trustees. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or any other purpose.
Documents
Issuer
NGL Energy Partners LP
CIK 0001504461
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001504461
Filing Metadata
- Form type
- 4
- Filed
- Aug 20, 8:00 PM ET
- Accepted
- Aug 21, 7:57 PM ET
- Size
- 10.4 KB