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GENESIS ENERGY LP — Director's Dealing 2016
Apr 12, 2016
31663_dirs_2016-04-12_3f6d554e-8560-4301-becf-c81110d3e0c5.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: GENESIS ENERGY LP (GEL)
CIK: 0001022321
Period of Report: 2016-04-09
Reporting Person: alexander Richard R (Vice President)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2016-04-09 | Common Units - Class A | M | 6910 | — | Acquired | 16910 | Direct |
| 2016-04-09 | Common Units - Class A | D | 6910 | $30.25 | Disposed | 10000 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2016-04-09 | Phantom Units | $ | M | 5315 | Disposed | 2016-04-09 | Common Units - Class A (5315.0) | Direct |
Footnotes
F1: Pursuant to the terms of the 2013 phantom unit award, because the quarterly distribution on the common units for the fourth quarter of 2015 was $0.63 per unit or greater, 40% of the phantom units awarded vested at 100% and 60% of the phantom units awarded vested at 150%.
F2: The payment of the phantom units in cash is deemed to be a disposition of the phantom units in exchange for the acquisition of the underlying Common Units - Class A and a simultaneous disposition of the underlying Common Units - Class A to the issuer.
F3: Upon vesting, the phantom units were paid in cash based on the average closing price of the Common Units - Class A for the 20 trading days immediately prior to the date of vesting.