Amended Statement of Beneficial Ownership (sc 13d/a)
April 01 2016 - 3:41PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(Rule 13d-101)
(Amendment No. 3)*
Under the Securities Exchange Act of 1934
Valero Energy
Partners LP
(Name of Issuer)
Common units representing limited partnership interests
(Title of Class of Securities)
91914J102
(CUSIP Number)
Jay D. Browning
One Valero Way
San
Antonio, TX 78249
Telephone: (210) 345-2000
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
April 1, 2016
(Date of
Event which Requires Filing of this Statement)
If the filing person has
previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d1(e), 240.13d1(f) or 240.13d1(g), check the following
box.
¨
Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d7 for other
parties to whom copies are to be sent.
*
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The remainder of this cover page shall be filled out for a reporting persons initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information
which would alter disclosures provided in a prior cover page.
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The information required on the remainder of this cover page shall not be
deemed to be filed for the purpose of section 18 of the Securities Exchange Act of 1934 (Act) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act
(however, see the Notes).
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1
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NAMES OF
REPORTING PERSONS
Valero Energy Corporation
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER
OF A GROUP (SEE INSTRUCTIONS)
(a)
x
(b)
¨
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3
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SEC USE ONLY
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4
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SOURCE OF FUNDS (SEE INSTRUCTIONS)
OO
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5
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CHECK BOX IF DISCLOSURE OF LEGAL
PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
¨
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6
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CITIZENSHIP OR PLACE OF
ORGANIZATION
Delaware
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NUMBER OF
SHARES
BENEFICIALLY
OWNED
BY
EACH
REPORTING
PERSON
WITH:
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7
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SOLE VOTING POWER
44,537,366 Common Units*
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8
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SHARED VOTING POWER
0
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9
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SOLE DISPOSITIVE POWER
44,537,366 Common Units*
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10
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SHARED DISPOSITIVE POWER
0
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11
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
44,537,366 Common Units*
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12
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CHECK BOX IF THE AGGREGATE AMOUNT IN
ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
¨
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13
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PERCENT OF CLASS REPRESENTED BY AMOUNT
IN ROW 11
Approximately 67.4%**
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14
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TYPE OF REPORTING PERSON (SEE
INSTRUCTIONS)
CO
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*
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Includes both 15,747,377 Common Units and 28,789,989 Subordinated Units, which may be converted into Common Units on a one-for-one basis upon the termination of the subordination period under certain circumstances as
set forth in the First Amended and Restated Agreement of Limited Partnership, which is incorporated herein by reference to Exhibit 3.1 to the Partnerships Current Report on Form 8-K filed with the SEC on December 20, 2013.
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**
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Based on the number of Common Units (37,262,986) and Subordinated Units (28,789,989) issued and outstanding as of April 1, 2016, as reported to the Reporting Persons by the Partnership.
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1
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NAMES OF
REPORTING PERSONS
Valero Terminaling and Distribution Company
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER
OF A GROUP (SEE INSTRUCTIONS)
(a)
x
(b)
¨
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3
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SEC USE ONLY
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4
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SOURCE OF FUNDS (SEE INSTRUCTIONS)
OO
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5
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CHECK BOX IF DISCLOSURE OF LEGAL
PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
¨
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6
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CITIZENSHIP OR PLACE OF
ORGANIZATION
Delaware
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NUMBER OF
SHARES
BENEFICIALLY
OWNED
BY
EACH
REPORTING
PERSON
WITH:
|
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7
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SOLE VOTING POWER
44,537,366 Common Units*
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8
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SHARED VOTING POWER
0
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9
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SOLE DISPOSITIVE POWER
44,537,366 Common Units*
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10
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SHARED DISPOSITIVE POWER
0
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11
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
44,537,366 Common Units*
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12
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CHECK BOX IF THE AGGREGATE AMOUNT IN
ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
¨
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13
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PERCENT OF CLASS REPRESENTED BY AMOUNT
IN ROW 11
Approximately 67.4%**
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14
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TYPE OF REPORTING PERSON (SEE
INSTRUCTIONS)
CO
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*
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Includes both 15,747,377 Common Units and 28,789,989 Subordinated Units, which may be converted into Common Units on a one-for-one basis upon the termination of the subordination period under certain circumstances as
set forth in the First Amended and Restated Agreement of Limited Partnership, which is incorporated herein by reference to Exhibit 3.1 to the Partnerships Current Report on Form 8-K filed with the SEC on December 20, 2013.
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**
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Based on the number of Common Units (37,262,986) and Subordinated Units (28,789,989) issued and outstanding as of April 1, 2016, as reported to the Reporting Persons by the Partnership.
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Explanatory Note
This Amendment No. 3 to Schedule 13D amends the statement on Schedule 13D filed on December 20, 2013, as amended by Amendment No. 1 to
Schedule 13D filed on March 19, 2015, and as amended by Amendment No. 2 to Schedule 13D filed on October 13, 2015, by Valero Energy Corporation and Valero Terminating and Distribution Company (as amended, the Initial Statement). The
Initial Statement shall not be modified except as specifically provided herein.
Item 1.
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Security and Issuer
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No changes to this Item.
Item 2.
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Identity and Background
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No changes to this Item.
Item 3.
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Source and Amount of Funds or Other Consideration.
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Item 3 is hereby amended to add the
following paragraph:
On April 1, 2016, the Partnership and VTDC entered into a Contribution Agreement pursuant to which VTDC contributed,
and caused the General Partner to contribute, all of the outstanding interests in a subsidiary of Valero to the Partnership in exchange for a cash distribution of $204 million to VTDC and the issuance of 728,775 Common Units to VTDC and 14,873
General Partner Units to the General Partner.
Item 4.
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Purpose of Transaction.
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No changes to this Item.
Item 5.
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Interest in Securities of the Issuer.
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Item 5 is hereby amended and restated as follows:
(a)
(1) Valero does not directly own any Common Units or Subordinated Units; however, as the indirect sole stockholder of VTDC, it may be deemed
to beneficially own (x) 15,747,377 Common Units held of record by VTDC, which represents approximately 42.3% of the outstanding Common Units and (y) 28,789,989 Subordinated Units held of record by VTDC, which represents all of the outstanding
Subordinated Units.
(2) VTDC is the record and beneficial owner of (x) 15,747,377 Common Units held of record by VTDC, which represents
approximately 42.3% of the outstanding Common Units and (y) 28,789,989 Subordinated Units held of record by VTDC, which represents all of the outstanding Subordinated Units.
Item 6.
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Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer.
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No changes to this Item.
Item 7.
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Material to Be Filed as Exhibits.
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Item 7 is hereby amended to add Exhibit I as follows:
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Exhibit I
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Contribution Agreement, dated April 1, 2016, by and between the Partnership and VTDC (incorporated by reference to Exhibit 10.1 to the Partnerships Current Report on Form 8-K filed with the SEC on April 1, 2016).
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SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this Statement is true,
complete and correct.
Dated: April 1, 2016
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VALERO ENERGY CORPORATION
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VALERO TERMINALING AND DISTRIBUTION COMPANY
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By:
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/s/ Jay D. Browning
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By:
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/s/ J. Stephen Gilbert
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Name: Jay D. Browning
Title:
Executive Vice President and General Counsel
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Name: J. Stephen Gilbert
Title:
Senior Vice President and Secretary
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