DORIAN LPG LTD. — Director's Dealing 2022

Aug 9, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DORIAN LPG LTD. (LPG)
CIK: 0001596993
Period of Report: 2022-08-05

Reporting Person: Young Theodore B. (Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-08-05	Common Shares, $0.01 par value per share	A	33000	—	Acquired	130439	Direct
2022-08-05	Common Shares, $0.01 par value per share	F	3447	$15.70	Disposed	126992	Direct
2022-08-05	Common Shares, $0.01 par value per share	F	1985	$15.70	Disposed	125007	Direct
2022-08-05	Common Shares, $0.01 par value per share	F	1567	$15.70	Disposed	123440	Direct

Footnotes

F1: 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

F2: (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.

F3: 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.

F4: 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.

F5: 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.