0000919574-21-004931.txt : 20210809
0000919574-21-004931.hdr.sgml : 20210809
20210809190419
ACCESSION NUMBER: 0000919574-21-004931
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20210805
FILED AS OF DATE: 20210809
DATE AS OF CHANGE: 20210809
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Young Theodore B.
CENTRAL INDEX KEY: 0001638233
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-36437
FILM NUMBER: 211157909
MAIL ADDRESS:
STREET 1: C/O DORIAN LPG (USA) LLC
STREET 2: 27 SIGNAL ROAD
CITY: STAMFORD
STATE: CT
ZIP: 06902
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: DORIAN LPG LTD.
CENTRAL INDEX KEY: 0001596993
STANDARD INDUSTRIAL CLASSIFICATION: DEEP SEA FOREIGN TRANSPORTATION OF FREIGHT [4412]
IRS NUMBER: 000000000
STATE OF INCORPORATION: 1T
FISCAL YEAR END: 0331
BUSINESS ADDRESS:
STREET 1: 27 SIGNAL ROAD
CITY: STAMFORD
STATE: CT
ZIP: 06878
BUSINESS PHONE: 203-978-1234
MAIL ADDRESS:
STREET 1: 27 SIGNAL ROAD
CITY: STAMFORD
STATE: CT
ZIP: 06878
4
1
ownership.xml
X0306
4
2021-08-05
0
0001596993
DORIAN LPG LTD.
LPG
0001638233
Young Theodore B.
C/O DORIAN LPG (USA) LLC
27 SIGNAL ROAD
STAMFORD
CT
06902
0
1
0
0
Chief Financial Officer
Common Shares, $0.01 par value per share
2021-08-05
4
A
0
19000
0
A
150631
D
Common Shares, $0.01 par value per share
2021-08-05
4
F
0
1987
13.10
D
148644
D
Common Shares, $0.01 par value per share
2021-08-05
4
F
0
1568
13.10
D
147076
D
Restricted Stock Award (the "August 2021 Restricted Stock Award"), pursuant to which the applicable restricted shares shall vest ratably and in three equal installments commencing with, and on the subsequent anniversaries of, August 5, 2021 (the "Grant Date"). Notwithstanding the foregoing, the restricted shares (the "Vesting Shares") to be issued to the Reporting Person that are eligible to vest on August 5, 2023 (the "Scheduled Vesting Date") shall vest when and only if the volume weighted average price of the Issuer's common shares
(continued from footnote 1) over any consecutive 15-day period prior to the final business day of the tenth fiscal quarter following the Grant Date of the Vesting Shares, as reported on Bloomberg (or on such other internationally recognized financial information provider), equals or exceeds, 95% of the book value of an Issuer share, which shall be determined (in good faith by the management of the Issuer) in respect of the Scheduled Vesting Date, as of the first business day of the fiscal quarter immediately preceding the Scheduled Vesting Date.
In connection with the vesting of a portion of the August 2021 Restricted Stock Award (6,334 shares) on August 5, 2021, 1,987 shares were withheld by the Issuer to satisfy the Reporting Person's tax withholding obligations.
Represents 1,568 shares reacquired to satisfy tax withholding obligations in connection with the vesting of 5,000 shares of restricted stock granted to the Reporting Person on August 5, 2019.
By: /s/ Theodore B. Young
2021-08-09