0001209191-23-057295.txt : 20231204
0001209191-23-057295.hdr.sgml : 20231204
20231204181012
ACCESSION NUMBER: 0001209191-23-057295
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20231201
FILED AS OF DATE: 20231204
DATE AS OF CHANGE: 20231204
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Petersen Mark A
CENTRAL INDEX KEY: 0001916050
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-32225
FILM NUMBER: 231464623
MAIL ADDRESS:
STREET 1: 550 EAST SOUTH TEMPLE
CITY: SALT LAKE CITY
STATE: UT
ZIP: 84102
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: HOLLY ENERGY PARTNERS LP
CENTRAL INDEX KEY: 0001283140
STANDARD INDUSTRIAL CLASSIFICATION: PIPE LINES (NO NATURAL GAS) [4610]
IRS NUMBER: 200833098
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 2828 N. HARWOOD
STREET 2: SUITE 1300
CITY: DALLAS
STATE: TX
ZIP: 75201
BUSINESS PHONE: 214-871-3555
MAIL ADDRESS:
STREET 1: 2828 N. HARWOOD
STREET 2: SUITE 1300
CITY: DALLAS
STATE: TX
ZIP: 75201
4
1
doc4.xml
FORM 4 SUBMISSION
X0508
4
2023-12-01
1
0001283140
HOLLY ENERGY PARTNERS LP
HEP
0001916050
Petersen Mark A
2828 N. HARWOOD ST.
SUITE 1300
DALLAS
TX
75201
1
0
0
0
0
Common Units
2023-12-01
4
D
0
15940
D
0
D
Pursuant to the Agreement and Plan of Merger, dated as of August 15, 2023 (the "Merger Agreement"), by and among the Issuer, HF Sinclair Corporation ("HF Sinclair"), Holly Logistic Services, L.L.C. ("HLS"), HEP Logistics Holdings, L.P., Navajo Pipeline Co., L.P., and Holly Apple Holdings LLC ("Merger Sub"), on December 1, 2023 (the "Closing Date"), Merger Sub merged with and into the Issuer, with the Issuer surviving as an indirect, wholly owned subsidiary of HF Sinclair (the "Merger"). At the effective time of the Merger (the "Effective Time"), each outstanding common unit representing a limited partner interest in the Issuer (each, a "Common Unit") held by the Reporting Person converted into the right to receive (i) 0.315 shares of common stock, par value $0.01 per share, of HF Sinclair, with cash paid in lieu of the issuance of fractional shares, if any, and (ii) $4.00 in cash, without interest (collectively, the "Merger Consideration").
Immediately prior to the Effective Time, each Director LTIP Award (as defined in the Merger Agreement) of the Reporting Person granted prior to the date of the Merger Agreement became fully vested and each Director LTIP Award granted on or after the date of the Merger Agreement vested on a pro-rata basis based on whole or partial months of service from the grant date through the Closing Date, with the remaining portion forfeited for no consideration. At the Effective Time, such vested Director LTIP Awards automatically converted into the right to receive, with respect to each Common Unit subject thereto, (i) the Merger Consideration, plus (ii) any accrued but unpaid amounts in relation to distribution equivalent rights.
The Reporting Person was an outside director of HLS, the ultimate general partner of the Issuer.
Stacey L. Foland
Attorney-in-Fact
2023-12-04