4//SEC Filing
PARK AVENUE TRANSPORTATION INC 4
Accession 0001459203-09-000004
CIK 0001178575other
Filed
Aug 17, 8:00 PM ET
Accepted
Aug 18, 9:50 AM ET
Size
9.0 KB
Accession
0001459203-09-000004
Insider Transaction Report
Form 4
PARK AVENUE TRANSPORTATION INC
10% Owner
Transactions
- Other
Common Units representing limited partner interests
2009-08-14$25.00/sh+49,908$1,247,700→ 4,264,683 total(indirect: See footnote)
Holdings
- 43,912
Common Units representing limited partner interests
FRIEDMAN BRIAN P
Director10% Owner
Transactions
- Other
Common Units representing limited partner interests
2009-08-14$25.00/sh+49,908$1,247,700→ 4,264,683 total(indirect: See footnote)
Holdings
- 43,912
Common Units representing limited partner interests
Footnotes (4)
- [F1]On August 14, 2009, 49,908 common units were issued to K-Sea General Partner L.P., the general partner of the Issuer (the "General Partner"), (with an assumed value of $25 each) in lieu of approximately $1.248 million in cash distributions on the general partner interests and incentive distribution rights in the Issuer, pursuant to the partnership agreement.
- [F2]Held by the General Partner (99,683 common units) and EW Transportation LLC ("EW LLC") and its subsidiaries (4,165,000 common units).
- [F3]Each of EW LLC and K-Sea General Partner GP LLC, the general partner of the General Partner ("K-Sea GP"), is owned by individual investors, including certain of K-Sea GP's directors and executive officers, and by KSP Investors A L.P. (57.6% economic interest), KSP Investors B L.P. (19.8% economic interest) and KSP Investors C L.P. (12.6% economic interest) (each, a "KSP Entity"). K-Sea GP owns a 0.01% general partner interest in the General Partner, and individual investors, including certain of K-Sea GP's directors and executive officers, and the KSP Entities own a 99.99% limited partner interest in the General Partner. Mr. Friedman also owns 51% of Park Avenue Transportation Inc. ("PAT"), which is the general partner of each KSP Entity.
- [F4]Mr. Friedman and PAT may be deemed to beneficially own the securities owned by the General Partner, EW LLC and its subsidiaries. Mr. Friedman and PAT disclaim beneficial ownership of these securities except to the extent of their respective pecuniary interests therein.
Documents
Issuer
K-SEA TRANSPORTATION PARTNERS LP
CIK 0001178575
Entity typeother
IncorporatedDE
Related Parties
1- filerCIK 0001275757
Filing Metadata
- Form type
- 4
- Filed
- Aug 17, 8:00 PM ET
- Accepted
- Aug 18, 9:50 AM ET
- Size
- 9.0 KB