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DORIAN LPG LTD. — Director's Dealing 2023
Sep 19, 2023
32039_dirs_2023-09-19_86444a86-d4af-4e3f-b477-8cc661ffb54f.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: DORIAN LPG LTD. (LPG)
CIK: 0001596993
Period of Report: 2023-09-15
Reporting Person: Lycouris John (Director, CEO of Dorian LPG (USA) LLC)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2023-09-15 | Common Shares, $0.01 par value per share | A | 5000 | — | Acquired | 138771 | Direct |
| 2023-09-15 | Common Shares, $0.01 par value per share | F | 1156 | $27.28 | Disposed | 137615 | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Shares, $0.01 par value per share | 200000 | Indirect |
Footnotes
F1: Restricted Stock Award (the "September 2023 Restricted Stock Award"), pursuant to which the applicable restricted shares shall vest ratably and in two equal installments on September 15, 2023 and August 5, 2024. Notwithstanding the foregoing, the restricted shares to be issued to the Reporting Person that are eligible to vest on August 5, 2024 shall vest subject to a vesting formula to be determined by the Compensation Committee of the Board of Directors of the Issuer.
F2: In connection with the vesting of a portion of the September 2023 Restricted Stock Award (2,500 shares) on September 15, 2023, 1,156 shares were withheld by the Issuer to satisfy the Reporting Person's tax withholding obligations.
F3: Shares held by the Kyveli Trust (the "Trust"). The Reporting Person and other members of his family are the beneficiaries of the Trust. The Reporting Person disclaims all beneficial ownership of these securities except to the extent of his pecuniary interest therein.