Skip to main content

AI assistant

Sign in to chat with this filing

The assistant answers questions, extracts KPIs, and summarises risk factors directly from the filing text.

CVR ENERGY INC Director's Dealing 2021

May 28, 2021

31218_dirs_2021-05-28_9a753ee8-1d27-48c7-8959-8a548cab57ae.zip

Director's Dealing

Open in viewer

Opens in your device viewer

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Delek US Holdings, Inc. (DK)
CIK: 0001694426
Period of Report: 2021-05-26

Reporting Person: ICAHN CARL C (10% Owner)
Reporting Person: CVR ENERGY INC (10% Owner)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2021-05-26 Common Stock, par value $.01 per share ("Shares") J 3078255 $0.00 Disposed 7461625 Indirect

Footnotes

F1: CVR Energy, Inc. ("CVI") directly beneficially owned 10,539,880 Shares prior to announcing a special dividend whereby CVI would distribute pro rata to its stockholders all of the 10,539,880 Shares. Although the distribution date for the 10,539,880 Shares will be June 10, 2021, the record date to determine which CVI stockholders would receive the special dividend was May 26, 2021. Accordingly, as a result of Energy Holding (as defined below) ownership in CVI, the indirect beneficial ownership of each of the reporting persons other than CVI will be reduced by 3,078,255 Shares as a result of CVI's special dividend to distribute the 10,539,880 Shares to its stockholders. Accordingly, Energy Holding will directly beneficially own 7,461,625 Shares upon completion of the distribution.

F2: IEP Energy Holding LLC ("Energy Holding") holds approximately 71% of the outstanding common stock of CVI. Icahn Enterprises Holdings L.P. ("Icahn Enterprises Holdings") is the sole stockholder of American Entertainment Properties Corp. ("AEP"), which is the sole member of Energy Holding. Beckton Corp. ("Beckton") is the sole stockholder of Icahn Enterprises G.P. Inc. ("Icahn Enterprises GP"), which is the general partner of Icahn Enterprises Holdings.

F3: Beckton is 100 percent owned by Carl C. Icahn. In addition, Mr. Icahn is the indirect holder of approximately 92.0% of the outstanding depositary units representing limited partnership interests in Icahn Enterprises L.P. ("Icahn Enterprises"). Icahn Enterprises GP is the general partner of Icahn Enterprises, which is the sole limited partner of Icahn Enterprises Holdings. As such, Mr. Icahn is in a position indirectly to determine the investment and voting decisions made by CVI.

F4: Each of CVI, AEP, Icahn Enterprises Holdings, Icahn Enterprises GP, Beckton and Mr. Icahn may be deemed to indirectly beneficially own (as that term is defined in Rule 13d-3 under the Act) the Shares which Energy Holding directly beneficially owns. Each of CVI, AEP, Icahn Enterprises Holdings, Icahn Enterprises GP, Beckton and Mr. Icahn disclaims beneficial ownership of such Shares except to the extent of their pecuniary interest therein.