Statement of Changes in Beneficial Ownership (4)
February 21 2023 - 04:20PM
Edgar (US Regulatory)
FORM 4
[ ] Check this box if no longer subject to Section
16. Form 4 or Form 5 obligations may continue. See
Instruction 1(b).
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL
OWNERSHIP OF SECURITIES
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OMB
APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response... 0.5 |
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Filed pursuant to Section 16(a) of the
Securities Exchange Act of 1934 or Section 30(h) of the Investment
Company Act of 1940
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1. Name
and Address of Reporting Person * OHAGAN
JANE A |
2. Issuer Name and Ticker or Trading
Symbol USD Partners LP [ USDP ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)__X__
Director _____
10% Owner
_____ Officer (give title
below) __X__
Other (specify below)
SEE REMARKS |
(Last)
(First)
(Middle)
811 MAIN STREET, SUITE 2800 |
3. Date of Earliest Transaction (MM/DD/YYYY)
2/16/2023
|
(Street)
HOUSTON, TX 77002
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line) _X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person |
Table I - Non-Derivative Securities Acquired, Disposed of, or
Beneficially Owned
|
1.Title of Security
(Instr. 3) |
2. Trans. Date |
2A. Deemed Execution Date, if any |
3. Trans. Code
(Instr. 8) |
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) |
5. Amount of Securities Beneficially Owned Following
Reported Transaction(s)
(Instr. 3 and 4) |
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4) |
7. Nature of Indirect Beneficial Ownership (Instr.
4) |
Code |
V |
Amount |
(A) or (D) |
Price |
COMMON UNITS (LIMITED PARTNER
INTERESTS) |
2/16/2023 |
|
M |
|
13136 (1) |
A |
$0 (1)(2) |
13136 |
D |
|
COMMON UNITS (LIMITED PARTNER
INTERESTS) |
2/16/2023 |
|
D |
|
13136 (1) |
D |
$3.54 (2) |
0 |
D |
|
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible
securities)
|
1. Title of Derivate Security
(Instr. 3) |
2. Conversion or Exercise Price of Derivative
Security |
3. Trans. Date |
3A. Deemed Execution Date, if any |
4. Trans. Code
(Instr. 8) |
5. Number of Derivative Securities Acquired (A) or
Disposed of (D)
(Instr. 3, 4 and 5) |
6. Date Exercisable and Expiration Date |
7. Title and Amount of Securities Underlying
Derivative Security
(Instr. 3 and 4) |
8. Price of Derivative Security
(Instr. 5) |
9. Number of derivative Securities Beneficially
Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct
(D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr.
4) |
Code |
V |
(A) |
(D) |
Date Exercisable |
Expiration Date |
Title |
Amount or Number of Shares |
PHANTOM UNITS |
$0.0 (2) |
2/16/2023 |
|
A |
|
13136 |
|
2/16/2024 |
2/16/2024 |
COMMON UNITS |
13136.0 |
$0 |
26272 (3) |
D |
|
PHANTOM UNITS |
$0.0 (1)(2) |
2/16/2023 |
|
M |
|
|
13136 |
2/16/2023 |
2/16/2023 |
COMMON UNITS |
13136.0 |
$0 (1)(2) |
13136 |
D |
|
Explanation of
Responses: |
(1) |
Represents the vesting of
Phantom Units which are settled in cash pursuant to the terms of
the applicable award agreement. |
(2) |
Each phantom unit is the
economic equivalent of one common unit of USDP and settles in cash
on the vesting date pursuant to the terms of the applicable award
agreement. The phantom units vest on the one-year anniversary of
the grant date. |
(3) |
Includes 13,136 phantom
units which vested on February 16, 2023. |
Remarks:
The Reporting Person is a director of USD Partners GP LLC, the
general partner of the Issuer (the "General Partner"). The Issuer
is managed by the directors and executive officers of the General
Partner. |
Reporting
Owners
|
Reporting Owner Name / Address |
Relationships
|
Director |
10% Owner |
Officer |
Other |
OHAGAN JANE A
811 MAIN STREET, SUITE 2800
HOUSTON, TX 77002 |
X |
|
|
SEE REMARKS |
Signatures
|
//s/ Adam K. Altsuler, Attorney-in-Fact for Jane
A. O'Hagan |
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2/21/2023 |
**Signature of
Reporting Person |
Date |
Reminder: Report on a separate line for each class
of securities beneficially owned directly or
indirectly. |
* |
If the form is filed by more than one
reporting person, see Instruction 4(b)(v). |
** |
Intentional misstatements or omissions
of facts constitute Federal Criminal Violations. See 18
U.S.C. 1001 and 15 U.S.C. 78ff(a). |
Note: |
File three copies of this Form, one of
which must be manually signed. If space is insufficient, see
Instruction 6 for procedure. |
Persons who respond to the collection of information
contained in this form are not required to respond unless the form
displays a currently valid OMB control number. |
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