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TXO Partners, L.P. — Director's Dealing 2023
Jan 27, 2023
32443_dirs_2023-01-26_6794c601-80e3-4a49-ae29-338f2c4e3846.zip
Director's Dealing
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SEC Form 3 — Initial Statement of Beneficial Ownership
Issuer: MorningStar Partners, L.P. (TXO)
CIK: 0001559432
Period of Report: 2023-01-26
Reporting Person: KING LUTHER CAPITAL MANAGEMENT CORP (10% Owner)
Reporting Person: LKCM Private Discipline Master Fund, SPC (10% Owner)
Reporting Person: LKCM Investment Partnership, L.P. (10% Owner)
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Units | 37880497 | Indirect |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Series 5 Preferred Units | $ | 2024-10-15 | Common Units (26992105) | Indirect |
Footnotes
F1: The securities reported includes (i) 17,259,241 common units and 12,863,158 common units underlying series 5 preferred units held by LKCM Investment Partnership, L.P. and (ii) 20,621,256 common units and 14,128,947 common units underlying series 5 preferred units held by PDLP Morningstar, LLC.
F2: LKCM Investment Partnership GP, LLC is the general partner of LKCM Investment Partnership, L.P. LKCM Private Discipline Management, L.P. is the sole holder of management shares of LKCM Private Discipline Master Fund, SPC. PDLP Morningstar, LLC is a wholly owned subsidiary of LKCM Private Discipline Master Fund, SPC. Luther King Capital Management Corporation serves as the investment adviser to each of LKCM Investment Partnership, L.P. and LKCM Private Discipline Master Fund, SPC. J. Luther King, Jr. serves as the President of Luther King Capital Management Corporation.
F3: Luther King Capital Management Corportion has voting and investment power over the securities beneficially owned by each of LKCM Investment Partnership, L.P. and PDLP Morningstar, LLC. Accordingly, each of J. Luther King, Jr. and Luther King Capital Management Corporation may be deemed to be the beneficial owner of the common units held by each of LKCM Investment Partnership, L.P. and PDLP Morningstar, LLC, but each disclaims beneficial ownership of such common units except to the extent of their pecuniary interest therein.
F4: Immediately prior to the closing of the Issuer's initial public offering, the Issuer's series 5 preferred units will automatically convert into common units of the Issuer.