Sprague Resources Holdings LLC 4
4 · Sprague Resources LP · Filed Feb 11, 2020
Insider Transaction Report
Form 4
Sprague Resources Holdings LLC
10% OwnerOther
Transactions
- Other
Common Units representing limited partner interests
2020-02-10+121,150→ 12,227,498 total(indirect: See Footnote)
Footnotes (4)
- [F1]On January 23, 2020, the Issuer entered into a letter agreement (the "Letter Agreement") with the Issuer's sponsor, Axel Johnson Inc. (the "Sponsor"), and Sprague Resources Holdings LLC ("Sprague Holdings"), a wholly owned subsidiary of the Sponsor and the owner of the Issuer's general partner. The Letter Agreement provided that Sprague Holdings would receive common units of the Issuer in lieu of cash in respect of the incentive distribution rights payable in connection with the distribution for the fourth quarter of 2019. In accordance with the terms of the Letter Agreement, the number of common units issued to Sprague Holdings pursuant thereto was 121,150, which was computed based upon a price of $16.965.
- [F2]This Form 4 is jointly filed by Sprague Holdings and Antonia Ax:son Johnson.
- [F3]On March 2, 2015, the 462,408 common units formerly held of record by Sprague International Properties LLC, which is directly controlled by Sprague Holdings, were transferred to Sprague Holdings. Sprague Holdings is indirectly controlled by Antonia Ax:son Johnson and, as such, Antonia Ax:son Johnson may be deemed to share beneficial ownership of the units beneficially owned by Sprague Holdings, but disclaims such beneficial ownership except to the extent of any pecuniary interest therein.
- [F4]Sprague Holdings has the right to appoint all of the directors of the Board of Directors of Sprague Resources GP LLC, the general partner of the Issuer. Therefore, each of Sprague Holdings and Antonia Ax:son Johnson may be deemed a director by deputization.