Jane A. Ohagan - 16 Feb 2022 Form 4 Insider Report for USD Partners LP (USDP)

Role
Director, Other*
Signature
//s/ Adam K. Altsuler, Attorney-in-Fact for Jane A. O'Hagan
Issuer symbol
USDP
Transactions as of
16 Feb 2022
Net transactions value
-$76,846
Form type
4
Filing time
18 Feb 2022, 15:39:51 UTC
Next filing
21 Feb 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction USDP COMMON UNITS (LIMITED PARTNER INTERESTS) Options Exercise $0 +13,136 $0.000000 13,136 16 Feb 2022 Direct F1, F2
transaction USDP COMMON UNITS (LIMITED PARTNER INTERESTS) Disposed to Issuer $76,846 -13,136 -100% $5.85* 0 16 Feb 2022 Direct F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction USDP PHANTOM UNITS Award $0 +13,136 +100% $0.000000 26,272 16 Feb 2022 COMMON UNITS 13,136 $0.000000 Direct F1, F2, F3
transaction USDP PHANTOM UNITS Options Exercise $0 -13,136 -50% $0.000000 13,136 16 Feb 2022 COMMON UNITS 13,136 $0.000000 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the vesting of Phantom Units which are settled in cash pursuant to the terms of the applicable award agreement.
F2 Each phantom unit is the economic equivalent of one common unit of USDP and settles in cash on the vesting date pursuant to the terms of the applicable award agreement. The phantom units vest on the one-year anniversary of the grant date.
F3 Includes 13,136 phantom units which vested on February 16, 2022.

Remarks:

The Reporting Person is a director of USD Partners GP LLC, the general partner of the Issuer (the "General Partner"). The Issuer is managed by the directors and executive officers of the General Partner.