James E. Davison Jr. - Jul 1, 2021 Form 4 Insider Report for GENESIS ENERGY LP (GEL)

Role
Director
Signature
James E. Davison, Jr.
Stock symbol
GEL
Transactions as of
Jul 1, 2021
Transactions value $
-$13,236
Form type
4
Date filed
7/2/2021, 05:47 PM
Previous filing
May 21, 2021
Next filing
Oct 5, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GEL Common Units - Class A Options Exercise +1.15K +0.03% 3.88M Jul 2, 2021 Direct F1, F2
transaction GEL Common Units - Class A Disposed to Issuer -$13.2K -1.15K -0.03% $11.47 3.88M Jul 2, 2021 Direct F1, F2
holding GEL Common Units - Class A 446K Jul 1, 2021 James Ellis Davison, III Trust F3
holding GEL Common Units - Class A 446K Jul 1, 2021 Sarah Margaret Davison Trust F3
holding GEL Common Units - Class A 446K Jul 1, 2021 William Charles Davison Trust F3
holding GEL Common Units - Class A 188K Jul 1, 2021 James E. and Margaret A.B. Davison Special Trust F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction GEL Phantom Units Options Exercise -1.15K -3.76% 29.5K Jul 2, 2021 Common Units - Class A 1.15K Direct F2
transaction GEL Phantom Units Award +2.11K +7.15% 31.7K Jul 1, 2021 Common Units - Class A 2.11K Direct F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The payment of the phantom units in cash is deemed to be a disposition of the phantom units in exchange for the acquisition of the underlying Common Units - Class A and a simultaneous disposition of the underlying Common Units - Class A to the issuer.
F2 Upon vesting, the phantom units were paid in cash based on the average closing price of the Common Units - Class A for the 20 trading days immediately prior to the date of vesting.
F3 Due to the reporting person's relationship with the beneficiaries and trustees of the Sarah Margaret Davison Trust, the William Charles Davison Trust and the James Ellis Davison, III Trust (collectively, the "Trusts"), the reporting person could be deemed to have an indirect pecuniary interest in the Common Units Class A that are beneficially owned by the Trusts. All Common Units Class A owned by the Trusts are reported on these lines. The reporting person disclaims beneficial ownership of these Common Units Class A except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that the reporting person is the beneficial owner of these Common Units Class A for purposes of Section 16 or for any other purpose.
F4 These Common Units Class A are beneficially owned by the James E. and Margaret A.B. Davison Special Trust (the "Special Trust"). The reporting person could be deemed to have an indirect pecuniary interest in such Common Units Class A. All Common Units Class A owned by the Special Trust are reported on this line. The reporting person disclaims beneficial ownership of these Common Units Class A except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that the reporting person is the beneficial owner of these Common Units Class A for purposes of Section 16 or for any other purpose.
F5 The phantom units will be paid in cash based on the average closing price of the Common Units - Class A for the 20 trading days immediately prior to the vesting date.
F6 Award includes tandem distribution equivalent rights pursuant to which the quarterly distributions paid by the partnership on each Common Unit - Class A will be accrued over the vesting period and paid quarterly.