0001022321-14-000136.txt : 20141205
0001022321-14-000136.hdr.sgml : 20141205
20141205112818
ACCESSION NUMBER: 0001022321-14-000136
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20141203
FILED AS OF DATE: 20141205
DATE AS OF CHANGE: 20141205
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
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: 141268324
MAIL ADDRESS:
STREET 1: 2000 FARMERVILLE HIGHWAY
CITY: RUSTON
STATE: LA
ZIP: 71270
4
1
wf-form4_141779688700792.xml
FORM 4
X0306
4
2014-12-03
0
0001022321
GENESIS ENERGY LP
GEL
0001403411
Davison James E
2000 FARMERVILLE HIGHWAY
RUSTON
LA
71270
1
0
0
0
Common Units - Class A
2014-12-03
4
M
0
91823
0
A
2355994
D
Common Units - Class A
1010835
I
Terminal Services, Inc.
Waiver Units - Class 4
0.0
2014-12-03
4
M
0
91823
0
D
2014-11-14
2021-01-01
Common Units - Class A
91823.0
0
D
The reporting person elected to convert 91,823 Waiver Units Class 4 on December 3, 2014, which comprised all of the Waiver Units of that class owned by the reporting person. The Waiver Units Class 4 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 4 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, Waiver Units Class 2 and Waiver Units Class 3 have previously converted to Common Units Class A. The Waiver Units Class 4 became convertible on November 14, 2014.
Waiver Units that had not become convertible by January 1, 2021 would have, as of the close of business on such date, automatically been cancelled.
James E. Davison
2014-12-05