Kenneth M. Jastrow II - 01 Jul 2022 Form 4 Insider Report for GENESIS ENERGY LP (GEL)

Role
Director
Signature
Kenneth M. Jastrow II
Issuer symbol
GEL
Transactions as of
01 Jul 2022
Net transactions value
-$37,792
Form type
4
Filing time
05 Jul 2022, 14:38:20 UTC
Previous filing
04 Apr 2022
Next filing
04 Oct 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GEL Common Units - Class A Options Exercise +1,287 +0.86% 151,287 01 Jul 2022 Direct F1, F2
transaction GEL Common Units - Class A Disposed to Issuer $13,282 -1,287 -0.85% $10.32 150,000 01 Jul 2022 Direct F1, F2
transaction GEL Common Units - Class A Options Exercise +2,375 +1.6% 152,375 01 Jul 2022 Direct F1, F2, F3
transaction GEL Common Units - Class A Disposed to Issuer $24,510 -2,375 -1.6% $10.32 150,000 01 Jul 2022 Direct F1, F2, F3

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 -1,287 -4.1% 30,473 01 Jul 2022 Common Units - Class A 1,287 Direct F2
transaction GEL Phantom Units Options Exercise -2,375 -7.8% 28,098 01 Jul 2022 Common Units - Class A 2,375 Direct F2, F3
transaction GEL Phantom Units Award +3,958 +14% 32,056 01 Jul 2022 Common Units - Class A 3,958 Direct F4, F5
holding GEL Phantom Units 34,832 01 Jul 2022 Common Units - Class A 2,776 Direct F6
holding GEL Phantom Units 37,314 01 Jul 2022 Common Units - Class A 2,482 Direct F7
holding GEL Phantom Units 39,706 01 Jul 2022 Common Units - Class A 2,392 Direct F8, F9
* 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 The 07/01/2024 Expiration Date and Date Exercisable shown on the reporting person's Form 4 filed on 07/02/2021 was incorrect, and should have reflected the Expiration Date and Date Exercisable as 07/01/2022 (as accurately disclosed in the issuer's Annual Report on Form 10-K for the year ended December 31, 2021).
F4 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.
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 The 10/01/2024 Expiration Date and Date Exercisable shown on the reporting person's Form 4 filed on 10/05/2021 was incorrect, and should have reflected the Expiration Date and Date Exercisable as 10/01/2022 (as accurately disclosed in the issuer's Annual Report on Form 10-K for the year ended December 31, 2021).
F7 The 01/03/2025 Expiration Date and Date Exercisable shown on the reporting person's Form 4 filed on 01/04/2022 was incorrect, and should have reflected the Expiration Date and Date Exercisable as 01/03/2023 (as accurately disclosed in the issuer's Annual Report on Form 10-K for the year ended December 31, 2021).
F8 The 04/01/2025 Expiration Date and Date Exercisable shown on the reporting person's Form 4 filed on 04/04/2022 was incorrect, and should have reflected the Expiration Date and Date Exercisable as 04/01/2023 (as accurately disclosed in the issuer's Annual Report on Form 10-K for the year ended December 31, 2021).
F9 The reporting person owns an aggregate of 39,706 phantom units following the transactions reported in this Form 4, 11,608 of which vest on the one year anniversary of the date of grant, and 28,098 of which vest on the three year anniversary of the date of grant.