H. Michael Krimbill - May 5, 2021 Form 4 Insider Report for NGL Energy Partners LP (NGL)

Role: Chief Executive Officer, Director
Signature: s/ H. Michael Krimbill
Stock symbol: NGL
Transactions as of: May 5, 2021
Transactions value $: $0
Form type: 4
Date filed: 5/7/2021, 05:26 PM
Next filing: Aug 13, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NGL	Common Units	Award	$0	+250K	+20.35%	$0.00	1.48M	May 5, 2021	Direct	F1, F2
holding	NGL	Common Units						388K	May 5, 2021	SEE FTN	F3
holding	NGL	Common Units						130K	May 5, 2021	SEE FTN	F4
holding	NGL	Common Units						905K	May 5, 2021	SEE FTN	F5
holding	NGL	Common Units						364K	May 5, 2021	SEE FTN	F6

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The restricted units were acquired under the NGL Long Term Incentive Plan and will not vest until 2022 and 2023. This is not an open market purchase of securities.
F2	13,000 of these units are owned directly by WFCS as Custodian of the Michael Krimbill IRA account and controlled by the Reporting Person as the sole beneficiary of the account.
F3	These units are owned directly by Krimbill Enterprises LP and controlled by the Reporting Person via his ownership of its general partner, Krimbill Holding Company. The Reporting Person exercises the sole voting and disposition power for Krimbill Enterprises LP. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all the reported securities for purposes of Section 16 or any other purpose.
F4	These units are owned directly by Krimbill Enterprises LP II and controlled by the Reporting Person via his ownership of its general partner, Krimbill Holding Company. The Reporting Person exercises the sole voting and disposition power for Krimbill Enterprises LP II. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all the reported securities for purposes of Section 16 or any other purpose.
F5	These units are owned directly by Krim2010, LLC, which is owned by Krimbill Enterprises LP, the Reporting Person and James E. Krimbill. The Reporting Person exercises the sole voting and disposition power for Krimbill Enterprises LP. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all the reported securities for purposes of Section 16 or any other purpose.
F6	These units are owned directly by KrimGP2010, LLC, which is solely owned by H. Michael Krimbill. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all the reported securities for purposes of Section 16 or any other purpose.