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Green Plains Inc. — Director's Dealing 2015
Jul 6, 2015
32670_dirs_2015-07-06_e78946ae-0e4e-4d83-96bc-0a75a2274abc.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Green Plains Partners LP (GPP)
CIK: 0001635650
Period of Report: 2015-07-01
Reporting Person: Green Plains Inc. (Director, 10% Owner)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2015-07-01 | Common Units Representing Limited Partner Interests | J | 3629982 | — | Acquired | 3629982 | Direct |
| 2015-07-01 | Common Units Representing Limited Partner Interests | J | 109955 | — | Acquired | 109955 | Indirect |
| 2015-07-01 | Common Units Representing Limited Partner Interests | J | 649705 | — | Acquired | 649705 | Indirect |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2015-07-01 | Subordinated Units representing limited partner interests | $ | J | 13139822 | Acquired | Common Units representing limited partner interest (13139822) | Direct | |
| 2015-07-01 | Subordinated Units representing limited partner interests | $ | J | 2351806 | Acquired | Common Units representing limited partner interest (2351806) | Indirect | |
| 2015-07-01 | Subordinated Units representing limited partner interests | $ | J | 398014 | Acquired | Common Units representing limited partner interest (398014) | Indirect |
Footnotes
F1: In connection with the closing of the initial public offering of the Issuer (the "Offering"), Green Plains Inc., Green Plains Trucking LLC ("Trucking") and Green Plains Obion LLC ("Obion") pursuant to the Contribution, Conveyance and Assumption Agreement (the "Agreement"),contributed certain assets to the Issuer in exchange for, among other things, 3,629,982 common units and 15,889,642 subordinated units representing an aggregate of 63.8% limited partner interest in the Issuer, which includes common units and subordinated units that Green Plains Inc. may be deemed to beneficially own as the sole member of Trucking and Obion.
F2: Pursuant to the Agreement, Trucking received 109,955 Common Units and 398,014 Subordinated Units and Obion received 649,705 Common Units and 2,351,806 Subordinated Units in exchange for certain assets contributed.
F3: The subordinated units have no expiration dated and will convert into Common Units on a one-for-one basis at the end of the subordination period described in the Issuer's Registration Statement on Form S-1 (Registration No. 333-204279).