John C. Hadjipateras - Aug 5, 2023 Form 4 Insider Report for DORIAN LPG LTD. (LPG)

Signature
By: /s/ John C. Hadjipateras
Stock symbol
LPG
Transactions as of
Aug 5, 2023
Transactions value $
-$951,803
Form type
4
Date filed
8/8/2023, 04:49 PM
Previous filing
Apr 3, 2023
Next filing
Sep 19, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LPG Common Shares, $0.01 par value per share Award $0 +72.5K +4.18% $0.00 1.81M Aug 5, 2023 Direct F1
transaction LPG Common Shares, $0.01 par value per share Tax liability -$317K -11.2K -0.62% $28.33 1.8M Aug 5, 2023 Direct F2
transaction LPG Common Shares, $0.01 par value per share Tax liability -$317K -11.2K -0.62% $28.33 1.79M Aug 5, 2023 Direct F3
transaction LPG Common Shares, $0.01 par value per share Tax liability -$317K -11.2K -0.63% $28.33 1.77M Aug 5, 2023 Direct F4
holding LPG Common Shares, $0.01 par value per share 126K Aug 5, 2023 By spouse
holding LPG Common Shares, $0.01 par value per share 25.7K Aug 5, 2023 By Trust F5
holding LPG Common Shares, $0.01 par value per share 8.25K Aug 5, 2023 By member of the household F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted Stock Award (the "August 2023 Restricted Stock Award"), pursuant to which the applicable restricted shares shall vest ratably and in three equal installments commencing with, and on the subsequent anniversaries of, August 5, 2023. Notwithstanding the foregoing, the restricted shares to be issued to the Reporting Person that are eligible to vest on August 5, 2025 shall vest subject to a vesting formula to be determined by the Compensation Committee of the Board of Directors of the Issuer.
F2 In connection with the vesting of a portion of the August 2023 Restricted Stock Award (24,167 shares) on August 5, 2023, 11,199 shares were withheld by the Issuer to satisfy the Reporting Person's tax withholding obligations.
F3 Represents 11,199 shares reacquired to satisfy tax withholding obligations in connection with the vesting of 24,167 shares of restricted stock granted to the Reporting Person on August 5, 2022.
F4 Represents 11,199 shares reacquired to satisfy tax withholding obligations in connection with the vesting of 24,166 shares of restricted stock granted to the Reporting Person on August 5, 2021.
F5 Shares held by the LMG Trust (the "Trust"). The Reporting Person and his wife are trustees of the Trust, and the beneficiary of the Trust is one of their children. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities shall not be deemed an admission of beneficial ownership by the Reporting Person of the reported securities for purposes of Section 16 or any other purpose.
F6 Owned by member of the Reporting Person's household. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities shall not be deemed an admission of beneficial ownership by the Reporting Person of the reported securities for purposes of Section 16 or any other purpose.