-----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, RcDjkaeE4yG0gF9yVsz7XhS7DbV8EdMANHIc+mMKBY48LiswbufTOMozCoop1GcD bgQrIbXHxrycKHs3Vjjklg== 0001193125-08-006105.txt : 20080114 0001193125-08-006105.hdr.sgml : 20080114 20080114165209 ACCESSION NUMBER: 0001193125-08-006105 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20080114 DATE AS OF CHANGE: 20080114 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: NuStar GP Holdings, LLC CENTRAL INDEX KEY: 0001223786 STANDARD INDUSTRIAL CLASSIFICATION: PIPE LINES (NO NATURAL GAS) [4610] IRS NUMBER: 850470977 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-81934 FILM NUMBER: 08529013 BUSINESS ADDRESS: STREET 1: ONE VALERO WAY CITY: SAN ANTONIO STATE: TX ZIP: 78249 BUSINESS PHONE: 2103452000 MAIL ADDRESS: STREET 1: ONE VALERO WAY CITY: SAN ANTONIO STATE: TX ZIP: 78249 FORMER COMPANY: FORMER CONFORMED NAME: VALERO GP HOLDINGS LLC DATE OF NAME CHANGE: 20060126 FORMER COMPANY: FORMER CONFORMED NAME: UDS LOGISTICS LLC DATE OF NAME CHANGE: 20030319 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: GREEHEY WILLIAM E CENTRAL INDEX KEY: 0001015543 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: P.O. BOX 500 CITY: SAN ANTONIO STATE: TX ZIP: 78292-0500 BUSINESS PHONE: 2109182000 MAIL ADDRESS: STREET 1: 2330 N LOOP 1604 W CITY: SAN ANTONIO STATE: TX ZIP: 78248 SC 13D/A 1 dsc13da.htm SCHEDULE 13D AMENDMENT NO. 3 Schedule 13D Amendment No. 3

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

SCHEDULE 13D

 

Under the Securities Exchange Act of 1934

(Amendment No. 3)

 

 

 

NuStar GP Holdings, LLC

(Name of Issuer)

 

 

Units representing limited liability company interests

(Title of Class of Securities)

 

 

91914G 10 8

(CUSIP Number)

 

 

William E. Greehey

2330 North Loop 1604 West

San Antonio, Texas 78248

(210) 918-2000

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

 

 

January 8, 2008

(Date of Event which Requires Filing of this Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.  ¨

Note:  Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 for other parties to whom copies are to be sent.

 

*   The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosure provided on a prior page.

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

SCHEDULE 13D

CUSIP No. 91914G 10 8

 

  1  

NAME OF REPORTING PERSON

I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)

 

            William E. Greehey

    
  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

(a)  ¨

(b)  ¨

    
  3  

SEC USE ONLY

 

    
  4  

SOURCE OF FUNDS (SEE INSTRUCTIONS)

 

            IN (please see Item 3)

    
  5  

CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)

 

   ¨
  6  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

            Texas

    

NUMBER OF  

SHARES  

BENEFICIALLY  

OWNED BY  

EACH  

REPORTING  

PERSON  

WITH  

  

  7    SOLE VOTING POWER

 

                6,115,034 units

 

  8    SHARED VOTING POWER

 

                0

 

  9    SOLE DISPOSITIVE POWER

 

                6,115,034 units

 

10    SHARED DISPOSITIVE POWER

 

                0

11  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

            6,116,943 units1

    
12  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

 

   ¨
13  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

            14.39%

    
14  

TYPE OF REPORTING PERSON

 

            PF

    

 

1

Includes 1,909 NuStar GP Holdings, LLC Units granted subject to restrictions. Of these restricted Units, 641 Units vest annually in equal increments over a three-year period which began August 22, 2007, and 1,268 Units vest annually in equal increments over a three-year period beginning November 16, 2008.

Item 1. Security and Issuer

This Amendment No. 3 to amends the statement on Schedule 13D filed with the Securities and Exchange Commission on December 14, 2006, as amended on January 4, 2007 and August 10, 2007 (together, “Schedule 13D”), and is being filed by William E. Greehey (the “Reporting Person”). This Amendment No. 3 relates to the units representing limited liability company interests (the “Units”) of NuStar GP Holdings, LLC, a Delaware limited liability company (the “Company”), which has its principal executive offices at 2330 North Loop 1604 West, San Antonio, Texas 78248. This amendment is being filed to update the Reporting Person’s position following the purchase of additional shares. This Amendment No. 3 supplements and, to the extent inconsistent therewith, amends the information set forth in the Schedule 13D.

 

Item 2. Identity and Background

(a) The name of the Reporting Person is William E. Greehey.

(b) The Reporting Person’s address is 2330 North Loop 1604 West, San Antonio, Texas 78248.

(c) The Reporting Person serves as Chairman of the Board of the Company, as well as Chairman of the Board of NuStar GP, LLC. The principal address of the Company and NuStar GP, LLC is 2330 North Loop 1604 West, San Antonio, Texas 78248.

(d) During the last five years, the Reporting Person has not been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).

(e) During the last five years, the Reporting Person has not been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction as a result of which such person was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.

(f) The Reporting Person is a citizen of Texas.

 

Item 3. Source and Amount of Funds or Other Consideration

On January 7, 2008 and January 8, 2008, the Reporting Person acquired an aggregate of 172,525 Units of the Company in a series of transactions in the open market for a total consideration, before broker commissions, of $4,995,904.22. The Reporting Person used his own personal funds to pay for the Units he acquired in these transactions.

 

Item 4. Purpose of Transaction

The Reporting Person acquired the Units reported herein solely for the purpose of investment. The Reporting Person may make additional purchases of Units, either in the open market or in private transactions, depending on the Company’s business, prospects and financial condition, the market for the Units, general economic conditions, money and stock market conditions and other future developments.

 

Item 5. Interest in Securities of the Issuer

After giving effect to the transactions described above:

(a) There were 42,500,990 Units outstanding as of November 1, 2007. The Reporting Person is deemed to be the beneficial owner of 6,116,943 Units, which based on calculations made in accordance with Rule 13d-3 (“Rule 13d-3”) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), represents 14.39% of the total issued and outstanding Units. The above amount includes 1,909 NuStar GP Holdings, LLC Units granted subject to restrictions. Of these restricted Units, 641 Units vest annually in equal increments over a three-year period which began August 22, 2007, and 1,268 Units vest annually in equal increments over a three-year period beginning November 16, 2008.

The Reporting Person acquired beneficial ownership of the 6,116,943 Units as a result of the transactions described in Item 3.

(b) The Reporting Person has the sole power to vote, or to direct the vote, and the sole power to dispose, or to direct the disposition over 6,115,034 Units.

(c) In the 60 days prior to the date of filing of this statement, the Reporting Person effected the purchases of Units as set forth on Appendix 1, which were effected in the open market and not previously reported on any Schedule 13D filing.

(d) The Reporting Person will have the right to receive distributions from, the power to direct the receipt of distributions from and the right to receive the proceeds from the sale of the Units reported by such person on the cover page of this Statement on Schedule 13D.

(e) Not applicable.

 

Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer

Not applicable.

 

Item 7. Material to Be Filed as Exhibits

None.

Signatures

After reasonable inquiry and to the best of the knowledge and belief of the undersigned, the undersigned certifies that the information set forth in this statement is true, complete and correct.

Dated: January 14, 2008

 

/s/ William E. Greehey

William E. Greehey

Appendix 1

 

Date of Purchase

  

Number of Units

    Price per Unit

November 16, 2007

   100    $ 31.05
  200      31.09
  1,100      31.13
  600      31.15
  400      31.16
  700      31.17
  2,500      31.20
  1,000      31.21
  1,000      31.24
  2,900      31.25
  300      31.26
  1,700      31.27
  100      31.28
  4,600      31.30
  2,000      31.31
  100      31.32
  200      31.33
  2,500      31.35
  600      31.36
  800      31.38
  1,600      31.39
  5,200      31.40
  1,700      31.41
  200      31.42
  200      31.43
  400      31.44
  1,200      31.45
  200      31.46
  700      31.47
  1,200      31.48
  300      31.49
  1,200      31.50
  100      31.51
  500      31.52
  400      31.54
  2,000      31.55
  2,000      31.60
  200      31.63
  1,100      31.65
  100      31.69
  2,600      31.70
  100      31.71
  100      31.74
  3,300      31.75

November 19, 2007

   200    $ 31.30
  2,000      31.40
  100      31.46
  500      31.47
  1,700      31.48
  500      31.49

   19,100      31 .50
   700      31 .51
   9,100      31 .52
   7,400      31 .53
   1,400      31 .535
   5,500      31 .54
   300      31 .545
   15,100      31 .55
   1,100      31 .56
   1,200      31 .57
   1,300      31 .58
   2,200      31 .59
   23,000      31 .60
   400      31 .63
   1,900      31 .64
   100      31 .66
   200      31 .67
   200      31 .69
   200      31 .70
   100      31 .71
   100      31 .72
   200      31 .73
   600      31 .74
   17,600      31 .75

November 20, 2007

    109    $     31 .63
   200      31 .68
   300      31 .67
   2,735      31 .69
   3,600      31 .65
   1,800      31 .64
   400      31 .71
   900      31 .60
   1,000      31 .59
   7,465      31 .70
   900      31 .72
   1,600      31 .79
   2,500      31 .78
   200      31 .77
   1,200      31 .76
   2,000      31 .74
   800      31 .73
   600      31 .82
   8,900      31 .80
   200      31 .86
   300      31 .87
   8,300      31 .85
   200      31 .90
   300      31 .92
   300      31 .95
   400      31 .94
   500      31 .98
   400      31 .96
   1,500      31 .99
   11,700      32 .00

   31,600      31 .75

November 21, 2007

    2,391    $     31 .63
   200      31 .64
   3,900      31 .65
   300      31 .66
   600      31 .67
   2,600      31 .68
   2,500      31 .69
   500      31 .70
   2,200      31 .71
   1,300      31 .72
   400      31 .73
   3,006      31 .74
   18,294      31 .75
   1,500      31 .76
   500      31 .77
   100      31 .79
   500      31 .80
   200      31 .81
   400      31 .84
   1,200      31 .85
   100      31 .86
   200      31 .87
   200      31 .96

January 7, 2008

    300    $ 28 .45
   1,000      28 .48
   600      28 .49
   1,300      28 .50
   700      28 .51
   200      28 .53
   300      28 .54
   2,200      28 .55
   2,300      28 .56
   800      28 .57
   900      28 .58
   500      28 .59
   13,900      28 .60
   7,500      28 .605
   11,400      28 .61
   21,300      28 .615
   1,900      28 .6175
   3,500      28 .62
   1,200      28 .63
   1,600      28 .635
   1,400      28 .64
   12,500      28 .65
   700      28 .67

January 8, 2008

    100    $ 28 .69
   100      28 .70
   600      28 .71
   400      28 .72
   100      28 .84

   6,600    28.85
   100    28.86
   400    28.90
   100    28.91
   100    28.92
   213    28.93
   100    28.94
   100    28.95
   200    28.96
   300    28.98
   1,112    28.99
   300    29.00
   200    29.01
   100    29.02
   400    29.05
   100    29.06
   100    29.07
   200    29.09
   100    29.10
   100    29.11
   100    29.15
   200    29.16
   100    29.17
   100    29.20
   200    29.21
   100    29.22
   1,000    29.25
   100    29.29
   70,400    29.40
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