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DORIAN LPG LTD. — Director's Dealing 2023
Aug 8, 2023
32039_dirs_2023-08-08_d4ee0f1f-1ecd-4d59-9266-d078c19d0c6b.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: 2023-08-05
Reporting Person: Lycouris John (Director, CEO of Dorian LPG (USA) LLC)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2023-08-05 | Common Shares, $0.01 par value per share | A | 30000 | — | Acquired | 146328 | Direct |
| 2023-08-05 | Common Shares, $0.01 par value per share | F | 5948 | $28.33 | Disposed | 140380 | Direct |
| 2023-08-05 | Common Shares, $0.01 par value per share | F | 3965 | $28.33 | Disposed | 136415 | Direct |
| 2023-08-05 | Common Shares, $0.01 par value per share | F | 2644 | $28.33 | Disposed | 133771 | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Shares, $0.01 par value per share | 200000 | Indirect |
Footnotes
F1: Restricted Stock Award (the "August 2023 Restricted Stock Award"), pursuant to which the applicable restricted shares shall vest ratably and in two equal installments commencing with, and on the subsequent anniversaries of, August 5, 2023. 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 August 2023 Restricted Stock Award (15,000 shares) on August 5, 2023, 5,948 shares were withheld by the Issuer to satisfy the Reporting Person's tax withholding obligations.
F3: Represents 3,965 shares reacquired to satisfy tax withholding obligations in connection with the vesting of 10,000 shares of restricted stock granted to the Reporting Person on August 5, 2022.
F4: Represents 2,644 shares reacquired to satisfy tax withholding obligations in connection with the vesting of 6,666 shares of restricted stock granted to the Reporting Person on August 5, 2021.
F5: 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.