| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | SRLP | Common Units representing limited partner interests | Sale | -$265M | -16.1M | -100% | $16.50 | 0 | May 28, 2021 | See Footnotes | F1, F2, F3 |
Sprague Resources Holdings LLC is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.
| Id | Content |
|---|---|
| F1 | On May 28, 2021, pursuant to the terms of the previously announced purchase agreement, dated April 20, 2021, among Sprague Resources Holdings LLC, a wholly owned subsidiary of Axel Johnson Inc. ("Sprague Holdings"), Sprague HP Holdings, LLC ("Buyer") and, solely for purposes of Section 11.14 thereof, Hartree Partners, LP, Sprague Holdings sold to Buyer all of Sprague Holdings' interest in Sprague Resources GP LLC (the "General Partner"), the general partner of Sprague Resources LP (the "Partnership"), all of the common units representing limited partner interests that Sprague Holdings owns in the Partnership and all of the Partnership's Incentive Distribution Rights, as defined in the First Amended and Restated Agreement of Limited Partnership of the Partnership. The aggregate consideration paid to Sprague Holdings by Buyer at the closing of the acquisition was $290,000,000 in cash. |
| F2 | This Form 4 is jointly filed by Sprague Holdings and Antonia Ax:son Johnson. |
| F3 | Sprague Holdings previously had the right to appoint all of the directors of the Board of Directors of the General Partner. Therefore, each of Sprague Holdings and Antonia Ax:son Johnson could have formerly been deemed a director by deputization. |