FERRELL JAMES E 4

What Happened James E. Ferrell, a director of Ferrellgas Partners L P, converted derivative securities on March 16, 2026 — disposing of 3,120 Class B units and acquiring 15,600 Class A units. The transactions were reported as conversions (code C) at $0.00, indicating no cash consideration and no open‑market purchase or sale.

Key Details

• Transaction date: March 16, 2026; Form 4 filed March 26, 2026 (filed late relative to the typical 2‑business‑day Form 4 deadline).
• Disposed: 3,120 Class B units (conversion entry, $0.00). Acquired: 15,600 Class A units (conversion entry, N/A price).
• Shares owned after transaction: not specified in the filing.
• Footnote: the Class B units were converted into Class A units at a rate of 5 Class A Units for each Class B Unit (footnote F1).
• Transaction code: C = conversion of derivative security.

Context This was an internal conversion of convertible units (Class B → Class A) authorized by the issuer and not an open‑market buy or sale, so it does not directly signal buying or selling sentiment. The Class B units had no expiration and were convertible at the issuer’s option under specified conditions; the conversion here resulted in 5 Class A units for each Class B unit converted.