-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, UScfeAWj5iQUWxqBIFSy95g24Qq/Z2VFG5guKpxbPwscwjtys3cmDaTZLylgnH2O wAxAtM0bxZJLlK6U7IjTSw== 0001022321-10-000093.txt : 20101230 0001022321-10-000093.hdr.sgml : 20101230 20101230093807 ACCESSION NUMBER: 0001022321-10-000093 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20101228 FILED AS OF DATE: 20101230 DATE AS OF CHANGE: 20101230 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: SIMS GRANT E CENTRAL INDEX KEY: 0001006306 STATE OF INCORPORATION: DE FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-12295 FILM NUMBER: 101279566 MAIL ADDRESS: STREET 1: 919 MILAM SUITE 2100 CITY: HOUSTON STATE: TX ZIP: 77002 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: GENESIS ENERGY LP CENTRAL INDEX KEY: 0001022321 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-PETROLEUM BULK STATIONS & TERMINALS [5171] IRS NUMBER: 760513049 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 919 MILAM, SUITE 2100 CITY: HOUSTON STATE: TX ZIP: 77002 BUSINESS PHONE: 7138602500 MAIL ADDRESS: STREET 1: 919 MILAM, SUITE 2100 CITY: HOUSTON STATE: TX ZIP: 77002 4 1 primary_doc.xml PRIMARY DOCUMENT X0303 4 2010-12-28 0 0001022321 GENESIS ENERGY LP GEL 0001006306 SIMS GRANT E 919 MILAM SUITE 2100 HOUSTON TX 77002 1 1 0 0 Chief Executive Officer Common Units - Class A 2010-12-28 4 A 0 2264690 0 A 2270690 D Common Units - Class B 2010-12-28 4 A 0 3421 0 A Common Units - Class A 3421 3421 D Waiver Units - Class 1 2010-12-28 4 A 0 198459 0 A 2021-01-01 Common Units - Class A 198459 198459 D Waiver Units - Class 2 2010-12-28 4 A 0 198459 0 A 2021-01-01 Common Units - Class A 198459 198459 D Waiver Units - Class 3 2010-12-28 4 A 0 198459 0 A 2021-01-01 Common Units - Class A 198459 198459 D Waiver Units - Class 4 2010-12-28 4 A 0 198459 0 A 2021-01-01 Common Units - Class A 198459 198459 D Acquird pursuant to the Agreement and Plan of Merger, dated as of December 28, 2010, by and among Genesis Energy, L.P. (the "Partnership"), Genesis Acquisition, LLC and Genesis Energy, LLC (the "Merger Agreement") as Mergerr Consideration (as defined in the Merger Agreement). On the effective date of the merger, the closing price of the Common Units - Class A of the Partnership on the New York Stock Exchange was $26.24. 1,000 of these Common Units - Class A are held by Mr. Sims' father. Mr. Sims disclaims beneficial ownership of these units. Common Units - Class B are entitled to all the rights, preferences and privileges of the Common Units - Class A (and have the right to elect the directors of Genesis Energy, LLC, the general partner of the Partnership, and related rights) and will convert on a one-for-one basis upon (i) automatic conversion upon the removal of the general partner of the Partnership and the appointment of a successor or (ii) the holder's election. The Waiver Units, among other rights, preferences and privileges, are entitled to quarterly distributions of $0.001786 per Waiver Unit and are convertible on a one-for-one basis at the option of the holder upon, among other things, payment of a quarterly distribution on the Common Units that has a coverage ratio of at least 1.10 and equals or exceeds the applicable distribution level: (i) Class 1 - $0.43 per Common Unit; (ii) Class 2 - $0.46 per Common Unit; (iii) Class 3 - $0.49 per Common Unit; and (iv) Class 4 - $0.52 per Common Unit. The Waiver Units will also automatically convert to Common Units - Class A upon the six-month anniversary of the occurrence of the circumstances that give rise to the right of the holder to convert. Waiver Units that have not become convertible by January 1, 2021 shall, as of the close of business on such date, automatically be cancelled. Grant E. Sims 2010-12-30 -----END PRIVACY-ENHANCED MESSAGE-----