NGL Energy Partners LP 4
4 · NGL Energy Partners LP · Filed Aug 21, 2014
Insider Transaction Report
Form 4
Straight Sharra
VP & Comptroller
Transactions
- Exercise/Conversion
Subordinated units representing limited partner interest
2014-08-15−18,715→ 0 total→ Common units representing limited partner interest (18,715 underlying) - Exercise/Conversion
Common Units
2014-08-15+18,715→ 68,228 total
Footnotes (2)
- [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"), 18,715 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.