John C. Hadjipateras - 15 Sep 2023 Form 4 Insider Report for DORIAN LPG LTD. (LPG)

Role
President and CEO, Director, 10%+ Owner
Signature
By: /s/ John C. Hadjipateras
Issuer symbol
LPG
Transactions as of
15 Sep 2023
Net transactions value
$0
Form type
4
Filing time
19 Sep 2023, 17:07:41 UTC
Previous filing
08 Aug 2023
Next filing
02 Jan 2024
SEC
View on sec.gov

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 +12,000 +0.68% $0.000000 1,786,740 15 Sep 2023 Direct F1
holding LPG Common Shares, $0.01 par value per share 126,000 15 Sep 2023 By spouse
holding LPG Common Shares, $0.01 par value per share 25,664 15 Sep 2023 By Trust F2
holding LPG Common Shares, $0.01 par value per share 8,250 15 Sep 2023 By member of the household F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted Stock Award (the "September 2023 Restricted Stock Award"), pursuant to which the applicable restricted shares shall vest ratably and in three equal installments on September 15, 2023, August 5, 2024 and August 5, 2025. 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 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.
F3 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.