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GENESIS ENERGY LP — Director's Dealing 2018
Apr 16, 2018
31663_dirs_2018-04-16_527d49b7-a579-4a17-866d-2170ae37ed79.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: 2018-04-14
Reporting Person: SIMS RYAN S (Vice President)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2018-04-14 | Common Units - Class A | M | 940 | — | Acquired | 5240 | Direct |
| 2018-04-14 | Common Units - Class A | D | 940 | $19.88 | Disposed | 4300 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2018-04-14 | Phantom Units | $ | M | 940 | Disposed | 2018-04-14 | Common Units - Class A (940.0) | Direct |
Footnotes
F1: Pursuant to the terms of the 2015 phantom unit award, because the quarterly distribution on the common units for the fourth quarter of 2017 was below $0.67, 40% of the phantom units awarded vested at 100% and the remaining 60% of the phantom units awarded were forfeited.
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.