R/C Renewable Energy GP II, L.L.C. 4
4 · Enviva Partners, LP · Filed May 30, 2018
Insider Transaction Report
Form 4
Enviva Holdings, LP
Director10% Owner
Transactions
- Conversion
Common units representing limited partner interests
2018-05-30+5,897,684→ 11,905,138 total(indirect: By Enviva MLP Holdco) - Conversion
Subordinated Units
2018-05-30−5,897,684→ 0 total(indirect: By Enviva MLP Holdco)→ Common units representing limited partner interests (5,897,684 underlying)
Footnotes (4)
- [F1]On May 30, 2018, each subordinated unit representing limited partner interests in Enviva Partners, LP (the "Issuer") held by Enviva MLP Holdco, LLC ("Enviva MLP Holdco") converted into one common unit representing limited partner interests in the Partnership pursuant to the terms of the Issuer's First Amended and Restated Agreement of Limited Partnership.
- [F2]This Form 4 is being filed jointly by R/C Renewable Energy GP II, L.L.C. ("R/C Renewable Energy GP"), Riverstone/Carlyle Renewable Energy Partners II, L.P. ("R/C Renewable Energy Partners"), R/C Wood Pellet Investment Partnership, L.P. ("R/C Partnership"), Enviva Holdings GP, LLC ("Holdings GP"), Enviva Holdings, LP ("Holdings") and Enviva MLP Holdco. R/C Renewable Energy GP is the general partner of R/C Renewable Energy Partners, which is the general partner of R/C Partnership, which is the sole member of Holdings GP, which is the general partner of Holdings, which is the sole member of Enviva MLP Holdco.
- [F3]Accordingly, R/C Renewable Energy GP, R/C Renewable Energy Partners, R/C Partnership, Holdings GP and Holdings may be deemed to indirectly beneficially own securities of the Issuer, a subsidiary of Holdings, owned directly by Enviva MLP Holdco, but disclaim such beneficial ownership except to the extent of their respective pecuniary interest therein.
- [F4]Holdings may be deemed to be a director by deputization as a result of the ability of Enviva MLP Holdco, Holdings' wholly owned subsidiary, to appoint the directors of Enviva Partners GP, LLC.