0001022321-12-000024.txt : 20120223
0001022321-12-000024.hdr.sgml : 20120223
20120223180949
ACCESSION NUMBER: 0001022321-12-000024
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20120221
FILED AS OF DATE: 20120223
DATE AS OF CHANGE: 20120223
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Smith Stephen M
CENTRAL INDEX KEY: 0001509101
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-12295
FILM NUMBER: 12635188
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
X0304
4
2012-02-21
0
0001022321
GENESIS ENERGY LP
GEL
0001509101
Smith Stephen M
919 MILAM, SUITE 2100
HOUSTON
TX
77002
0
1
0
0
VP
Common Units - Class A
2012-02-21
4
C
0
26972
0
A
335228
D
Waiver Units - Class 1
0
2012-02-21
4
C
0
26972
0
D
2012-02-16
2021-01-01
Common Units - Class A
26972
0
D
The reporting person elected to convert 26,972 Waiver Units - Class 1 on February 21, 2012, which comprised all of the Waiver Units of that class owned by the reporting person. The Waiver Units - Class 1 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 1 converted.
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 became convertible on February 16, 2012.
Waiver Units that have not become convertible by January 1, 2021 shall, as of the close of business on such date, automatically be cancelled.
Stephen M. Smith
2012-02-23