Alston Jeffries V. III 4
4 · Hi-Crush Partners LP · Filed Oct 23, 2018
Insider Transaction Report
Form 4
Alston Jeffries V. Jr
DirectorCOO and Director
Transactions
- Award
Common Units representing limited partner interests
2018-10-21+1,405,921→ 4,045,171 total(indirect: .See Footnote)
Footnotes (2)
- [F1]On October 21, 2018, Hi-Crush Partners LP (the "Partnership") entered into a Contribution Agreement (the "Contribution Agreement") with Hi-Crush Proppants LLC (the "Sponsor"), Hi-Crush Augusta Acquisition Co. LLC and certain persons (the "Contributor Parties") collectively holding all of the then outstanding membership interests in Sponsor (collectively, the "Subject Units"). Pursuant to the Contribution Agreement, among other things, the Contributor Parties agreed to contribute the Subject Units to the Partnership in exchange for an aggregate of 11,000,000 common units representing limited partnership interests in the Partnership ("Common Units") issued by the Partnership (such contributions, collectively, the "Contribution") based off of a $8.75 per unit. The Reporting Person held 12.7811% of the Subject Units and received 1,405,921 Common Units in exchange for his Subject Units.
- [F2]The Common Units distributed to the Reporting Person in the Distribution are owned by Blessed & Favored Investments LLC ("Blessed LLC"). The Reporting Person is the sole member of Blessed LLC.