Duke R. Ligon - Aug 17, 2022 Form 4 Insider Report for Blueknight Energy Partners, L.P. (BKEP)

Role
Director
Signature
/s/ Duke R. Ligon
Stock symbol
BKEP
Transactions as of
Aug 17, 2022
Transactions value $
-$485,934
Form type
4
Date filed
8/17/2022, 05:07 PM
Previous filing
Dec 16, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BKEP Common units representing limited partner interests Disposed to Issuer -$486K -105K -100% $4.65 0 Aug 17, 2022 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Duke R. Ligon is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 In connection with the Agreement and Plan of Merger, dated April 21, 2022, by and among Ergon Asphalt & Emulsions, Inc., Merle, LLC, Blueknight Energy Partners G.P., L.L.C. and Blueknight Energy Partners, L.P. (the "Merger Agreement"), these common units were converted into a right of the holder to receive an amount in cash equal to the per unit merger consideration of $4.65. Of Mr. Ligon's common units, 94,420 units were fully vested prior to the consummation of the transactions contemplated by the Merger Agreement, and 10,082 were restricted units accelerated immediately prior to the consummation of the transactions contemplated by the Merger Agreement.

Remarks:

Mr. Ligon is a director of Blueknight Energy Partners G.P., L.L.C., the general partner of Blueknight Energy Partners, L.P.