0001610682-20-000027.txt : 20200224 0001610682-20-000027.hdr.sgml : 20200224 20200224172517 ACCESSION NUMBER: 0001610682-20-000027 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20200220 FILED AS OF DATE: 20200224 DATE AS OF CHANGE: 20200224 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: ENERGY CAPITAL PARTNERS III-C (USD IP), LP CENTRAL INDEX KEY: 0001621413 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-36674 FILM NUMBER: 20645659 BUSINESS ADDRESS: STREET 1: 51 JOHN F. KENNEDY PARKWAY STREET 2: SUITE 200 CITY: SHORT HILLS STATE: NJ ZIP: 07078 BUSINESS PHONE: (973) 671-6100 MAIL ADDRESS: STREET 1: 51 JOHN F. KENNEDY PARKWAY STREET 2: SUITE 200 CITY: SHORT HILLS STATE: NJ ZIP: 07078 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: ENERGY CAPITAL PARTNERS III-B (USD IP), LP CENTRAL INDEX KEY: 0001621385 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-36674 FILM NUMBER: 20645660 BUSINESS ADDRESS: STREET 1: 51 JOHN F. KENNEDY PARKWAY STREET 2: SUITE 200 CITY: SHORT HILLS STATE: NJ ZIP: 07078 BUSINESS PHONE: (973) 671-6100 MAIL ADDRESS: STREET 1: 51 JOHN F. KENNEDY PARKWAY STREET 2: SUITE 200 CITY: SHORT HILLS STATE: NJ ZIP: 07078 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: ENERGY CAPITAL PARTNERS III-A, LP CENTRAL INDEX KEY: 0001594547 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-36674 FILM NUMBER: 20645661 BUSINESS ADDRESS: STREET 1: 51 JOHN F. KENNEDY PARKWAY, SUITE 200 CITY: SHORT HILLS STATE: NJ ZIP: 07078 BUSINESS PHONE: (973) 671-6100 MAIL ADDRESS: STREET 1: 51 JOHN F. KENNEDY PARKWAY, SUITE 200 CITY: SHORT HILLS STATE: NJ ZIP: 07078 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: ENERGY CAPITAL PARTNERS III, LP CENTRAL INDEX KEY: 0001594546 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-36674 FILM NUMBER: 20645662 BUSINESS ADDRESS: STREET 1: 51 JOHN F. KENNEDY PARKWAY, SUITE 200 CITY: SHORT HILLS STATE: NJ ZIP: 07078 BUSINESS PHONE: (973) 671-6100 MAIL ADDRESS: STREET 1: 51 JOHN F. KENNEDY PARKWAY, SUITE 200 CITY: SHORT HILLS STATE: NJ ZIP: 07078 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Energy Capital Partners GP III, LP CENTRAL INDEX KEY: 0001697506 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-36674 FILM NUMBER: 20645663 BUSINESS ADDRESS: STREET 1: 51 JOHN F. KENNEDY PARKWAY STREET 2: SUITE 200 CITY: SHORT HILLS STATE: NJ ZIP: 07078 BUSINESS PHONE: (973) 671-6100 MAIL ADDRESS: STREET 1: 51 JOHN F. KENNEDY PARKWAY STREET 2: SUITE 200 CITY: SHORT HILLS STATE: NJ ZIP: 07078 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: ENERGY CAPITAL PARTNERS III, LLC CENTRAL INDEX KEY: 0001621292 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-36674 FILM NUMBER: 20645664 BUSINESS ADDRESS: STREET 1: 51 JOHN F. KENNEDY PARKWAY STREET 2: SUITE 200 CITY: SHORT HILLS STATE: NJ ZIP: 07078 BUSINESS PHONE: (973) 671-6100 MAIL ADDRESS: STREET 1: 51 JOHN F. KENNEDY PARKWAY STREET 2: SUITE 200 CITY: SHORT HILLS STATE: NJ ZIP: 07078 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: ECP ControlCo, LLC CENTRAL INDEX KEY: 0001707921 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-36674 FILM NUMBER: 20645665 BUSINESS ADDRESS: STREET 1: 51 JOHN F. KENNEDY PARKWAY STREET 2: SUITE 200 CITY: SHORT HILLS STATE: NJ ZIP: 07078 BUSINESS PHONE: (973) 671-6100 MAIL ADDRESS: STREET 1: 51 JOHN F. KENNEDY PARKWAY STREET 2: SUITE 200 CITY: SHORT HILLS STATE: NJ ZIP: 07078 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: USD HOLDINGS LLC CENTRAL INDEX KEY: 0001621293 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-36674 FILM NUMBER: 20645666 BUSINESS ADDRESS: STREET 1: C/O USD PARTNERS LP STREET 2: 811 MAIN STREET, SUITE 2800 CITY: HOUSTON STATE: TX ZIP: 77002 BUSINESS PHONE: (281) 291-0510 MAIL ADDRESS: STREET 1: C/O USD PARTNERS LP STREET 2: 811 MAIN STREET, SUITE 2800 CITY: HOUSTON STATE: TX ZIP: 77002 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: US DEVELOPMENT GROUP, LLC CENTRAL INDEX KEY: 0001621021 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-36674 FILM NUMBER: 20645667 BUSINESS ADDRESS: STREET 1: C/O USD PARTNERS LP STREET 2: 811 MAIN STREET, SUITE 2800 CITY: HOUSTON STATE: TX ZIP: 77002 BUSINESS PHONE: (281) 291-0510 MAIL ADDRESS: STREET 1: C/O USD PARTNERS LP STREET 2: 811 MAIN STREET, SUITE 2800 CITY: HOUSTON STATE: TX ZIP: 77002 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: USD GROUP LLC CENTRAL INDEX KEY: 0001621019 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-36674 FILM NUMBER: 20645668 BUSINESS ADDRESS: STREET 1: C/O USD PARTNERS LP STREET 2: 811 MAIN STREET, SUITE 2800 CITY: HOUSTON STATE: TX ZIP: 77002 BUSINESS PHONE: (281) 291-0510 MAIL ADDRESS: STREET 1: C/O USD PARTNERS LP STREET 2: 811 MAIN STREET, SUITE 2800 CITY: HOUSTON STATE: TX ZIP: 77002 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: USD Partners LP CENTRAL INDEX KEY: 0001610682 STANDARD INDUSTRIAL CLASSIFICATION: RAILROAD SWITCHING & TERMINAL ESTABLISHMENTS [4013] IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 811 MAIN STREET STREET 2: SUITE 2800 CITY: HOUSTON STATE: TX ZIP: 77002 BUSINESS PHONE: 713-249-0426 MAIL ADDRESS: STREET 1: 811 MAIN STREET STREET 2: SUITE 2800 CITY: HOUSTON STATE: TX ZIP: 77002 4 1 wf-form4_158258309999943.xml FORM 4 X0306 4 2020-02-20 0 0001610682 USD Partners LP USDP 0001621019 USD GROUP LLC 811 MAIN STREET, SUITE 2800 HOUSTON TX 77002 1 0 1 0 0001621021 US DEVELOPMENT GROUP, LLC 811 MAIN STREET, SUITE 2800 HOUSTON TX 77002 1 0 1 0 0001621293 USD HOLDINGS LLC 811 MAIN STREET, SUITE 2800 HOUSTON TX 77002 1 0 1 0 0001707921 ECP ControlCo, LLC 40 BEECHWOOD ROAD SUMMIT NJ 07901 1 0 1 0 0001621292 ENERGY CAPITAL PARTNERS III, LLC 40 BEECHWOOD ROAD SUMMIT NJ 07901 1 0 1 0 0001697506 Energy Capital Partners GP III, LP 40 BEECHWOOD ROAD SUMMIT NJ 07901 1 0 1 0 0001594546 ENERGY CAPITAL PARTNERS III, LP 40 BEECHWOOD ROAD SUMMIT NJ 07901 0 0 1 0 0001594547 ENERGY CAPITAL PARTNERS III-A, LP 40 BEECHWOOD ROAD SUMMIT NJ 07901 1 0 1 0 0001621385 ENERGY CAPITAL PARTNERS III-B (USD IP), LP 40 BEECHWOOD ROAD SUMMIT NJ 07901 1 0 1 0 0001621413 ENERGY CAPITAL PARTNERS III-C (USD IP), LP 40 BEECHWOOD ROAD SUMMIT NJ 07901 1 0 1 0 COMMON UNITS (LIMITED PARTNER INTERESTS) 2020-02-20 4 C 0 2092709 0 A 11557090 I See Footnotes SUBORDINATED UNITS (LIMITED PARTNER INTERESTS) 2020-02-20 4 C 0 2092709 0 D COMMON UNITS 2092709.0 0 I See Footnotes Effective February 20, 2020, pursuant to the terms for the fifth and final subordinated unit tranche as set forth in the Issuer's second amended and restated agreement of limited partnership, 2,092,709 subordinated units representing limited partnership interests in the Issuer held by USD Group LLC ("USD Group") converted on a one-for-one basis into common units representing limited partnership interests in the Issuer. US Development Group, LLC (USD) is the parent company of USD Group which is the sole owner of the membership interests of USD Partners GP LLC, the Issuer's general partner. USD manages USD Group. ECP ControlCo, LLC (ECP ControlCo) is the managing member of Energy Capital Partners III, LLC (ECP), which is the general partner of Energy Capital Partners GP III, LP (ECP GP), which is the general partner of each of Energy Capital Partners III, LP (ECP III), Energy Capital Partners III-A, LP (ECP-A), Energy Capital Partners III-B (USD IP), LP (ECP-B), and Energy Capital Partners III-C (USD IP), LP (ECP-C) and together with ECP III,ECP-A and ECP-B, the "ECP Funds". As a result, ECP ControlCo, ECP and ECP GP have voting and investment control over the securities owned by the ECP Funds. USD Holdings, LLC (USD Holdings) and the ECP Funds are members of USD and, with ECP and ECP ControlCo, may be deemed to indirectly beneficially own the limited partner interests beneficially owned by USD. Following the transactions reported herein, USD Group directly holds 11,557,090 common units representing 43.1% of the common units and 43.1% of the limited partnership interests in the Issuer. USD Holdings is a 45.5% member of USD, and may therefore be deemed to indirectly beneficially own 5,258,476 common units, representing 45.5% of the limited partnership interests held by USD Group. ECP ControlCo, ECP, ECP GP and the ECP Funds collectively hold 49.2% of the membership interest in USD, and may therefore be deemed to indirectly beneficially own 5,686,088 common units, representing 49.2% of the limited partnership interests held by USD Group. Subordinated units converted into common units on a one-for-one basis in separate sequential tranches. Each tranche was comprised of 20.0% of the subordinated units that were outstanding as of October 15, 2014. A separate tranche converted on each business day occurring on or after October 1, 2015 (but no more than once in any twelve-month period) subject to certain conditions being met. /s/Adam Altsuler, Chief Financial Officer, USD Group LLC 2020-02-24 /s/ Adam Altsuler, Chief Financial Officer, US Development Group, LLC 2020-02-24 USD Holdings LLC; By: /s/ Michael R: Curry, Manager 2020-02-24 ECP ControlCo, LLC By: /s/ Chris Leininger, General Counsel 2020-02-24 Energy Capital Partners III, LLC By: ECP ControlCo, LLC, its managing member By: /s/ Chris Leininger, General Counsel 2020-02-24 Energy Capital Partners GP III, LP By: Energy Capital Partners III, LLC, its general partner By: ECP ControlCo, LLC, its managing member By: /s/ Chris Leininger, General Counsel 2020-02-24 Energy Capital Partners III, LP By: Energy Capital Partners GP III, LP, its general partner By: Energy Capital Partners III, LLC, its general partner By: ECP ControlCo, LLC, its managing member By: /s/ Chris Leininger, General Counsel 2020-02-24 Energy Capital Partners III-A, LP By: Energy Capital Partners GP III, LP, its general partner By: Energy Capital Partners III, LLC, its general partner By: ECP ControlCo, LLC, its managing member By: /s/ Chris Leininger, General Counsel 2020-02-24 Energy Capital Partners III-B (USD IP), LP By: Energy Capital Partners GP III, LP, its general partner By: Energy Capital Partners III, LLC, its general partner By: ECP ControlCo, LLC, its managing member By: /s/ Chris Leininger, General Counsel 2020-02-24 Energy Capital Partners III-C (USD IP), LP By: Energy Capital Partners GP III, LP, its general partner By: Energy Capital Partners III, LLC, its general partner By: ECP ControlCo, LLC, its managing member By: /s/ Chris Leininger, General Counsel 2020-02-24