0000899243-16-031417.txt : 20161006
0000899243-16-031417.hdr.sgml : 20161006
20161006170308
ACCESSION NUMBER: 0000899243-16-031417
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20161005
FILED AS OF DATE: 20161006
DATE AS OF CHANGE: 20161006
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Blueknight Energy Partners, L.P.
CENTRAL INDEX KEY: 0001392091
STANDARD INDUSTRIAL CLASSIFICATION: PIPE LINES (NO NATURAL GAS) [4610]
IRS NUMBER: 208536826
STATE OF INCORPORATION: DE
FISCAL YEAR END: 0914
BUSINESS ADDRESS:
STREET 1: 201 NW 10TH, SUITE 200
CITY: OKLAHOMA CITY
STATE: OK
ZIP: 73103
BUSINESS PHONE: (405) 278-6400
MAIL ADDRESS:
STREET 1: 201 NW 10TH, SUITE 200
CITY: OKLAHOMA CITY
STATE: OK
ZIP: 73103
FORMER COMPANY:
FORMER CONFORMED NAME: SemGroup Energy Partners, L.P.
DATE OF NAME CHANGE: 20070305
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: EISENSON MICHAEL R
CENTRAL INDEX KEY: 0001245724
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-33503
FILM NUMBER: 161925380
MAIL ADDRESS:
STREET 1: C/O CHARLESBANK CAPITAL PARTNERS
STREET 2: 600 ATLANTIC AV 28TH FL
CITY: BOSTON
STATE: MA
ZIP: 02210
4
1
doc4.xml
FORM 4 SUBMISSION
X0306
4
2016-10-05
1
0001392091
Blueknight Energy Partners, L.P.
BKEP
0001245724
EISENSON MICHAEL R
200 CLARENDON STREET, FLOOR 54
BOSTON
MA
02116
1
0
0
0
Series A Preferred Units
6.50
2016-10-05
4
D
0
6667695
7.15
D
Common Units
6667695
2488789
I
See footnote
Pursuant to the Preferred Unit Repurchase Agreement (the "Repurchase Agreement") by and among CB-Blueknight, LLC ("Charlesbank Holding"), Blueknight Energy Holding, Inc. ("Vitol Holding") and Blueknight Energy Partners, L.P. (the "Issuer") dated as of July 19, 2016, Charlesbank Holding sold 6,667,695 Series A Preferred Units representing limited partner interests of the Issuer (the "Preferred Units") to the Issuer for $7.15 per Preferred Unit on October 5, 2016, plus an amount equal to (i) the full quarterly cash Issuer distribution allotted to such Preferred Units for the quarter immediately preceding the quarter in which the closing of the Repurchase Agreement occurred, plus (ii) the pro rata share of the Issuer distribution paid in respect of such Preferred Units for the quarter in which the closing of the Repurchase Agreement occurred.
The Preferred Units have no expiration date and are convertible at any time, in whole or in part, on a one-for-one basis into Common Units representing limited partner interests of the Issuer at the holder's election as set forth in the Fourth Amended and Restated Agreement of Limited Partnership of the Issuer, dated September 14, 2011 and filed with the Securities and Exchange Commission as Exhibit 3.1 to the Issuer's Current Report on Form 8-K filed on September 14, 2011.
Mr. Eisenson serves as the Chief Executive Officer and a Managing Director of Charlesbank Capital Partners, LLC, which is the investment adviser to certain entities that serve as members of Charlesbank Holding. Mr. Eisenson disclaims beneficial ownership of the securities held by Charlesbank Holding, except to the extent of Mr. Eisenson 's pecuniary interest therein, and, pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, Mr. Eisenson states that the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose.
/s/ Michael R. Eisenson
2016-10-06