Ruben S. Martin - 22 Feb 2022 Form 4 Insider Report for MARTIN MIDSTREAM PARTNERS L.P. (MMLP)

Role
Director, 10%+ Owner
Signature
/s/ Ruben S. Martin
Issuer symbol
MMLP
Transactions as of
22 Feb 2022
Net transactions value
+$476,122
Form type
4
Filing time
01 Mar 2022, 16:11:30 UTC
Previous filing
22 Feb 2022
Next filing
08 Mar 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MMLP Common Units Purchase $236,321 +79,000 +3.1% $2.99 2,615,793 22 Feb 2022 By Senterfitt Holdings Inc. F1, F2, F3
transaction MMLP Common Units Purchase $87,458 +27,000 +1% $3.24 2,642,793 25 Feb 2022 By Senterfitt Holdings Inc. F2, F3
transaction MMLP Common Units Purchase $152,343 +47,740 +1.8% $3.19 2,690,533 28 Feb 2022 By Senterfitt Holdings Inc.
holding MMLP Common Units 94,842 22 Feb 2022 Direct F2
holding MMLP Common Units 6,114,532 22 Feb 2022 By Martin Resource Management Corporation F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On February 22, 2022, the reporting person filed a Form 4 which inadvertently included the transaction code "A" instead of "P" with respect to the reporting person's acquisition of 79,000 common units.
F2 On December 2, 2021, Mr. Martin transferred 373,293 common units that he directly held to Senterfitt Holdings Inc.
F3 Mr. Martin is the sole shareholder and sole director and has sole voting and investment power of Senterfitt Holdings Inc.
F4 Mr. Martin beneficially owns securities in Martin Resource Management Corporation and serves as its Chairman of the Board of Directors and its President. Martin Resource Management Corporation indirectly owns 4,203,823 common units of the issuer through its wholly-owned subsidiary, Martin Resource LLC, 1,021,265 common units through its wholly-owned subsidiary, Martin Product Sales, LLC, and 889,444 common units through its wholly-owned subsidiary, Cross Oil Refining & Marketing Inc. As a result, Mr. Martin may be deemed the beneficial owner of the common units indirectly owned by Martin Resource Management Corporation.

Remarks:

Ruben S. Martin is Chairman of the Board of Directors of Martin Midstream GP LLC, the general partner of Martin Midstream Partners L.P.