King Luther Capital Management Corp - Nov 14, 2023 Form 4 Insider Report for TXO Partners, L.P. (TXO)

Role
10%+ Owner
Signature
Jacob D. Smith, Principal and General Counsel for Luther King Capital Management Corporation
Stock symbol
TXO
Transactions as of
Nov 14, 2023
Transactions value $
$276,362
Form type
4
Date filed
11/14/2023, 05:02 PM
Previous filing
Jun 2, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TXO Common Units Purchase $276K +15K +0.58% $18.42 2.59M Nov 10, 2023 See footnotes F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

King Luther Capital Management Corp is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Represents (i) 1,189,400 Common Units held by LKCM Investment Partnership, L.P. (LIP), (ii) 1,372,130 Common Units held by PDLP Morningstar, LLC (PDLP), and (iii) 30,000 Common Units held by a separately managed portfolio for which Luther King Capital Management Corporation (LKCM) serves as investment adviser. The Common Units held by LIP and PDLP were received on August 1, 2023 in a pro rata distribution from MorningStar Partners II, L.P. to all of its partners for no consideration.
F2 LKCM Investment Partnership GP, LLC (LIP GP) is the general partner of LIP. LKCM Private Discipline Management, L.P. (PDP GP) is the sole holder of management shares of LKCM Private Discipline Master Fund, SPC (PDP), which holds all of the ownership interests of PDLP. LKCM serves as the investment adviser to each of LIP and PDP. J. Luther King, Jr. is the President and controlling shareholder of LKCM and a controlling member of each of LIP GP and PDP GP. Mr. King and LKCM expressly disclaim beneficial ownership of the Common Units reported herein except to the extent of their pecuniary interest therein.