0000919574-22-004655.txt : 20220809 0000919574-22-004655.hdr.sgml : 20220809 20220809171913 ACCESSION NUMBER: 0000919574-22-004655 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20220805 FILED AS OF DATE: 20220809 DATE AS OF CHANGE: 20220809 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: 221149486 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 2022-08-05 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 2022-08-05 4 A 0 33000 0 A 130439 D Common Shares, $0.01 par value per share 2022-08-05 4 F 0 3447 15.70 D 126992 D Common Shares, $0.01 par value per share 2022-08-05 4 F 0 1985 15.70 D 125007 D Common Shares, $0.01 par value per share 2022-08-05 4 F 0 1567 15.70 D 123440 D Restricted Stock Award (the "August 2022 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, 2022 (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, 2024 (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 2022 Restricted Stock Award (11,000 shares) on August 5, 2022, 3,447 shares were withheld by the Issuer to satisfy the Reporting Person's tax withholding obligations. Represents 1,985 shares reacquired to satisfy tax withholding obligations in connection with the vesting of 6,333 shares of restricted stock granted to the Reporting Person on August 5, 2021. Represents 1,567 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 2022-08-09