0001022321-13-000067.txt : 20130524
0001022321-13-000067.hdr.sgml : 20130524
20130524124833
ACCESSION NUMBER: 0001022321-13-000067
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20130522
FILED AS OF DATE: 20130524
DATE AS OF CHANGE: 20130524
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Davison James E
CENTRAL INDEX KEY: 0001403411
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-12295
FILM NUMBER: 13871109
MAIL ADDRESS:
STREET 1: 2000 FARMERVILLE HIGHWAY
CITY: RUSTON
STATE: LA
ZIP: 71270
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
wf-form4_136941410172456.xml
FORM 4
X0306
4
2013-05-22
0
0001022321
GENESIS ENERGY LP
GEL
0001403411
Davison James E
2000 FARMERVILLE HIGHWAY
RUSTON
LA
71270
1
0
0
0
Common Units - Class A
2013-05-22
4
S
0
17500
54.31
D
2448468
D
Common Units - Class A
2013-05-23
4
M
0
91823
0
A
2540291
D
Common Units - Class A
1010835
I
Terminal Services, Inc.
Waiver Units - Class 3
0.0
2013-05-23
4
M
0
91823
0
D
2013-05-15
2021-01-01
Common Units - Class A
91823.0
0
D
This price is the weighted average price for the sales of Common Units Class A reported on this line. These Common Units Class A were sold in multiple transactions at prices ranging from $54.00 to $54.85 per Common Unit Class A. The reporting person undertakes to provide to Genesis Energy, L.P., any security holder of Genesis Energy, L.P., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of Common Unit Class A sold at each separate price within this range.
The reporting person elected to convert 91,823 Waiver Units Class 3 on May 23, 2013, which comprised all of the Waiver Units of that class owned by the reporting person. The Waiver Units Class 3 are convertible into Common Units Class A on a one-for-one basis, resulting in the reporting person's acquisition of a number of Common Units Class A equal to the number of Waiver Units Class 3 converted.
The Reporting Person is the sole stockholder of Terminal Services, Inc.
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 cash distribution on the Common Units Class A 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. The Waiver Units Class 1 and Waiver Units Class 2 have previously converted to Common Units Class A. The Waiver Units Class 3 became convertible on May 15, 2013.
Waiver Units that have not become convertible by January 1, 2021 shall, as of the close of business on such date, automatically be cancelled.
James E. Davison
2013-05-24