MARTIN MIDSTREAM PARTNERS LP 4
4 · MARTIN MIDSTREAM PARTNERS LP · Filed Oct 3, 2012
Insider Transaction Report
Form 4
MARTIN RESOURCE MANAGEMENT CORP
10% Owner
Transactions
- Other
Common Units
2012-10-02−1,500,000→ 5,093,267 total(indirect: See Footnote)
Footnotes (2)
- [F1]Pursuant to a Securities Repurchase and Settlement Agreement dated as of October 2, 2012 by and among the reporting person, Scott D. Martin, an individual resident of the State of Texas, SKM Partnership, Ltd., a Texas limited partnership, and KCM, LLC ("KCM"), Martin Resource LLC, a wholly owned subsidiary of the reporting person, transferred 1,500,000 common units representing limited partner interests ("Common Units") in the Issuer. In exchange for the Common Units and certain other consideration, including the settlement of certain litigation, the reporting person received from KCM 1,423 shares of common stock of the reporting person and an option to acquire an additional 3,049 shares of common stock of the reporting person.
- [F2]Martin Resource Management Corporation is the sole member of Martin Resource LLC ("Resource") and the sole shareholder of Cross Oil Refining & Marketing, Inc. ("Cross") and may be deemed to be the beneficial owner of common units held by such entities. As of October 2, 2012, Cross owns 889,444 Common Units and Resource owns 4,203,823 Common Units.