4//SEC Filing
BW Group Ltd 4
Accession 0001387131-19-007623
CIK 0001596993other
Filed
Oct 14, 8:00 PM ET
Accepted
Oct 15, 10:45 AM ET
Size
13.1 KB
Accession
0001387131-19-007623
Insider Transaction Report
Form 4
BW Group Ltd
10% Owner
Transactions
- Sale
Common Stock
2019-10-10$11.31/sh−164,475$1,860,278→ 5,606,523 total(indirect: See footnotes) - Sale
Common Stock
2019-10-11$11.60/sh−109,577$1,271,345→ 5,496,946 total(indirect: See footnotes)
BW Euroholdings Ltd
10% Owner
Transactions
- Sale
Common Stock
2019-10-11$11.60/sh−109,577$1,271,345→ 5,496,946 total(indirect: See footnotes) - Sale
Common Stock
2019-10-10$11.31/sh−164,475$1,860,278→ 5,606,523 total(indirect: See footnotes)
Sohmen Family Foundation
10% Owner
Transactions
- Sale
Common Stock
2019-10-10$11.31/sh−164,475$1,860,278→ 5,606,523 total(indirect: See footnotes) - Sale
Common Stock
2019-10-11$11.60/sh−109,577$1,271,345→ 5,496,946 total(indirect: See footnotes)
Footnotes (7)
- [F1]On October 10, 2019, BW Euroholdings Limited ("Euroholdings") sold 164,475 shares of common stock, par value $0.01 per share (the "Common Shares"), of Dorian LPG Ltd. (the "Issuer"). Euroholdings is a wholly-owned subsidiary of BW Group Limited ("BW Group"). BW Group is a wholly-owned subsidiary of the Sohmen Family Foundation (the "Foundation").
- [F2]The price reported in Column 4 is a weighted average price. These Common Shares were sold in multiple transactions at prices ranging from $11.30 to $11.48, inclusive. The reporting persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (2) and (4) to this Form 4.
- [F3]On October 11, 2019, Euroholdings sold 109,577 Common Shares.
- [F4]The price reported in Column 4 is a weighted average price. These Common Shares were sold in multiple transactions at prices ranging from $11.60 to $11.79, inclusive.
- [F5]BW Group, the Foundation, Euroholdings, BW LPG Limited ("BW LPG"), which BW Group owns approximately 47.04% of as of October 11, 2019, and BW LPG Holding Limited ("LPG Holding"), a wholly-owned subsidiary of BW LPG, may be considered a group within the meaning of Section 13(d)(3) of the Exchange Act.
- [F6]Each reporting person disclaims beneficial ownership of the shares reported herein except to the extent of its pecuniary interest therein, and this report shall not be deemed an admission that such reporting person is the beneficial owner of the shares for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose. As Euroholdings does not have a pecuniary interest in the 100 Common Shares owned by LPG Holding, the number of Common Shares it beneficially owns after giving effect to the transactions reported on this Form 4 is 5,496,846.
- [F7]BW Group, the Foundation and Euroholdings are jointly filing this Form 4 pursuant to Rule 16a-3(j) under the Exchange Act.
Documents
Issuer
DORIAN LPG LTD.
CIK 0001596993
Entity typeother
IncorporatedBermuda
Related Parties
1- filerCIK 0001649312
Filing Metadata
- Form type
- 4
- Filed
- Oct 14, 8:00 PM ET
- Accepted
- Oct 15, 10:45 AM ET
- Size
- 13.1 KB