MARTIN MIDSTREAM PARTNERS LP 4
4 · MARTIN MIDSTREAM PARTNERS LP · Filed Dec 7, 2009
Insider Transaction Report
Form 4
MARTIN RESOURCE MANAGEMENT CORP
10% Owner
Transactions
- Purchase
Common Units
2009-11-25+804,721→ 5,989,538 total(indirect: See Footnote) - Purchase
Common Units
2009-11-25$28.00/sh+714,285$19,999,980→ 6,703,823 total(indirect: See Footnote) - Purchase
Subordinated Class B Units
2009-11-25−889,444→ 889,444 total(indirect: See Footnote)Exercise: $0.00From: 2011-11-25→ Common Units (889,444 underlying)
Footnotes (4)
- [F1]On November 25, 2009, Cross Oil Refining & Marketing, Inc. ("Cross") completed the disposition of certain refinery assets in return for 804,721 Common Units and 889,444 Subordinated Class B Units of the Partnership. Martin Resource Management Corporation is the parent of Cross and may be deemed the beneficial owner of Common Units and Subordinated Class B Units held by such entity.
- [F2]On November 25, 2009, Martin Resource LLC ("Resource") acquired 714,285 Common Units of the Partnership in a private placement transaction. Martin Resource Management Corporation is the sole member of Resource and may be deemed the beneficial owner of common units held by such entity.After the transaction, Resource owns 5,899,102 Common Units.
- [F3]The Subordinated Class B Units do not have an expiration date.
- [F4]On November 25, 2009, Cross Oil Refining & Marketing, Inc. ("Cross") completed the disposition of certain refinery assets in return for 804,721 Common Units and 889,444 Subordinated Class B Units of the Partnership. The price of the Common Units was $27.96 per limited partnership unit and the price of the Subordinated Class B Units was $25.16 per limited partnership unit and both were based on the average closing price of the Partnership's Common Units during the ten trading days ending November 3, 2009, with a 10% discount on the Subordinated Class B Units due to the limited rights of such units.