DeVelasco Janice T 4
4 · CVR Refining, LP · Filed Jan 31, 2019
Insider Transaction Report
Form 4
CVR Refining, LPCVRR
DeVelasco Janice T
VP-Env., Health, Safety & Sec.
Transactions
- Disposition to Issuer
Common Units
2019-01-29$10.50/sh−4,623.337$48,545→ 0 total(indirect: See footnote)
Footnotes (2)
- [F1]The reported securities are held of record by the Ruben P. DeVelasco Living Trust (the "Living Trust"), for which the reporting person serves as a co-trustee, and in such capacity may be deemed to beneficially own the common units held by the Living Trust. These securities were previously incorrectly reported as held directly by the reporting person.
- [F2]On January 29, 2019, all of the reported securities were disposed of to CVR Energy, Inc. ("CVR") in connection with CVR's exercise of its right under the Issuer's partnership agreement to purchase all of the issued and outstanding common units representing limited partner interests of the Issuer ("Common Units") not already owned by CVR Refining GP, LLC, a Delaware limited liability company and the general partner of the Issuer, or its affiliates for a cash purchase price of $10.50 per unit (the "Call Purchase"). Also on January 29, 2019, CVR purchased all of the remaining Common Units held by Icahn Enterprises Holdings L.P., a Delaware limited partnership, and American Entertainment Properties Corp., a Delaware corporation, (the "IEP Purchase" and, together with the Call Purchase, the "Purchase"). As a result of the Purchase, CVR owns, directly and indirectly, 100% of the Common Units.