JP Energy Partners LP 4
4 · JP Energy Partners LP · Filed Oct 8, 2014
Insider Transaction Report
Form 4
Welch Patrick Joseph
DirectorSEE REMARKS
Transactions
- Conversion
SUBORDINATED UNITS (LIMITED PARTNER INTERESTS)
2014-10-07+14,300→ 14,300 total→ COMMON UNITS (14,300 underlying) - Conversion
CLASS B COMMON UNITS (LIMITED PARTNER INTERESTS)
2014-10-07−17,804→ 0 total - Conversion
COMMON UNITS (LIMITED PARTNER INTERESTS)
2014-10-07+3,504→ 3,504 total
Footnotes (3)
- [F1]The Class A, Class B or Class C common units, as applicable (collectively, the "Existing Common Units"), reported in this Form 4 give effect to the split of each Existing Common Unit, respectively, into approximately 0.89 common units of the Issuer prior to the closing of the Offering. Following the aforementioned split and immediately prior to the closing of the Offering, the Existing Common Units then converted into subordinated units and common units of the Issuer, such that approximately 80.3% of the Existing Common Units converted into subordinated units and approximately 19.7% of the Existing Common Units converted into common units.
- [F2]Represents securities that were disposed of in connection with the split and conversion that took place immediately prior to the closing of the Offering as described in footnote 1.
- [F3]Each subordinated unit will convert into one common unit at the end of the subordination period, as described in Registration Statement.