Ruben S. Martin - 18 May 2023 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
18 May 2023
Net transactions value
+$40.7
Form type
4
Filing time
22 May 2023, 10:44:17 UTC
Previous filing
09 May 2023
Next filing
13 Jun 2023
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 $40.7 +18 +0.01% $2.30 151,859 18 May 2023 Direct F1
holding MMLP Common Units 3,025,445 18 May 2023 By Senterfitt Holdings Inc.
holding MMLP Common Units 6,114,532 18 May 2023 By Martin Resource Management Corporation F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These units, which were allocated to Mr. Martin on May 18, 2023 reflect the reinvestment of cash distributions made by the issuer in relation to units that were issued to Mr. Martin pursuant to a benefit plan administered by Martin Resource Management Corporation.
F2 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.