4//SEC Filing
VALERO ENERGY PARTNERS LP 4
Accession 0000899243-15-005707
CIK 0001583103operating
Filed
Sep 30, 8:00 PM ET
Accepted
Oct 1, 4:21 PM ET
Size
9.5 KB
Accession
0000899243-15-005707
Insider Transaction Report
Form 4
VALERO ENERGY PARTNERS GP LLC
10% Owner
Transactions
- Other
Common units representing limited partner interests
2015-10-01+1,570,513→ 15,018,602 total(indirect: See footnote)
Valero Terminaling & Distribution Co
10% Owner
Transactions
- Other
Common units representing limited partner interests
2015-10-01+1,570,513→ 15,018,602 total(indirect: See footnote)
VALERO ENERGY CORP/TX
10% Owner
Transactions
- Other
Common units representing limited partner interests
2015-10-01+1,570,513→ 15,018,602 total(indirect: See footnote)
Footnotes (3)
- [F1]This Form 4 is being filed jointly by Valero Energy Corporation ("Valero"), Valero Terminaling and Distribution Company ("VTDC") and Valero Energy Partners GP LLC (the "General Partner"). The common stock of VTDC is owned by various indirect, wholly owned subsidiaries of Valero. The General Partner is a wholly owned subsidiary of VTDC. Accordingly, Valero may be deemed to indirectly beneficially own securities of Valero Energy Partners LP (the "Partnership") owned directly by VTDC and the General Partner.
- [F2]On October 1, 2015, the Partnership and VTDC entered into a Transaction Agreement, pursuant to which VTDC contributed, and caused the General Partner to contribute, interests in a subsidiary of Valero to the Partnership in exchange for a cash distribution of $395 million to VTDC and the issuance of 1,570,513 Common Units to VTDC and 32,051 general partner units to the General Partner.
- [F3]This amount excludes 28,789,989 subordinated units beneficially owned by VTDC. Each subordinated unit will convert into one common unit at the end of the subordination period as set forth in the Partnership's partnership agreement. In certain circumstances, if the General Partner is removed as the general partner of the Partnership, the General Partner will have the right to convert its general partner interest and its incentive distribution rights into common units as set forth in the Partnership's partnership agreement.
Documents
Issuer
VALERO ENERGY PARTNERS LP
CIK 0001583103
Entity typeoperating
Related Parties
1- filerCIK 0001583103
Filing Metadata
- Form type
- 4
- Filed
- Sep 30, 8:00 PM ET
- Accepted
- Oct 1, 4:21 PM ET
- Size
- 9.5 KB