Joshua D. Ruple - Feb 16, 2022 Form 4 Insider Report for USD Partners LP (USDP)

Role
Officer
Signature
/s/ Adam Altsuler, Attorney-in-fact for Joshua D Ruple
Stock symbol
USDP
Transactions as of
Feb 16, 2022
Transactions value $
-$60,548
Form type
4
Date filed
2/18/2022, 03:40 PM
Next filing
Feb 21, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction USDP COMMON UNITS (LIMITED PARTNER INTERESTS) Award $0 +49.1K +23.41% $0.00 259K Feb 16, 2022 Direct F1, F2
transaction USDP COMMON UNITS (LIMITED PARTNER INTERESTS) Tax liability -$60.5K -10.4K -4% $5.85* 248K Feb 16, 2022 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the grant of phantom units. Each phantom unit is the economic equivalent of one common unit of USDP. The phantom units vest in four annual installments commencing on the one-year anniversary of the issuance date.
F2 Includes 164,568 phantom units.
F3 Represents common units of limited partnership interest withheld by the Issuer to satisfy tax withholding obligations of the Reporting Person upon vesting of outstanding phantom units.
F4 Includes 122,068 phantom units.

Remarks:

The Reporting Person is Executive Vice President and Chief Operating Officer 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.