Sharilyn S. Gasaway - Jul 1, 2022 Form 4 Insider Report for GENESIS ENERGY LP (GEL)

Role
Director
Signature
Sharilyn S. Gasaway
Stock symbol
GEL
Transactions as of
Jul 1, 2022
Transactions value $
-$37,792
Form type
4
Date filed
7/5/2022, 02:39 PM
Previous filing
May 20, 2022
Next filing
Oct 4, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GEL Common Units - Class A Options Exercise +1.29K +0.45% 290K Jul 1, 2022 Direct F1, F2
transaction GEL Common Units - Class A Disposed to Issuer -$13.3K -1.29K -0.44% $10.32 288K Jul 1, 2022 Direct F1, F2
transaction GEL Common Units - Class A Options Exercise +2.38K +0.82% 291K Jul 1, 2022 Direct F1, F2, F3
transaction GEL Common Units - Class A Disposed to Issuer -$24.5K -2.38K -0.82% $10.32 288K Jul 1, 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 -1.29K -4.05% 30.5K Jul 1, 2022 Common Units - Class A 1.29K Direct F2
transaction GEL Phantom Units Options Exercise -2.38K -7.79% 28.1K Jul 1, 2022 Common Units - Class A 2.38K Direct F2, F3
transaction GEL Phantom Units Award +3.96K +14.09% 32.1K Jul 1, 2022 Common Units - Class A 3.96K Direct F4, F5
holding GEL Phantom Units 34.8K Jul 1, 2022 Common Units - Class A 2.78K Direct F6
holding GEL Phantom Units 37.3K Jul 1, 2022 Common Units - Class A 2.48K Direct F7
holding GEL Phantom Units 39.7K Jul 1, 2022 Common Units - Class A 2.39K 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.