SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
WPT LLC

(Last) (First) (Middle)
2801 POST OAK BLVD
SUITE 600

(Street)
HOUSTON TX 77056

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Westlake Chemical Partners LP [ WLKP ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director X 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
08/30/2017
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
X Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Units (Limited Partner Interests) 08/30/2017 C 12,686,115 A (1) 14,122,230(1) D(2)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Subordinated Units (Limited Partner Interests) (1) 08/30/2017 C 12,686,115 (1) (1) Common Units (Limited Partner Interests) 12,686,115 (1) 0 D(2)
1. Name and Address of Reporting Person*
WPT LLC

(Last) (First) (Middle)
2801 POST OAK BLVD
SUITE 600

(Street)
HOUSTON TX 77056

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
WESTLAKE CHEMICAL CORP

(Last) (First) (Middle)
2801 POST OAK BLVD
SUITE 600

(Street)
HOUSTON TX 77056

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
WESTLAKE POLYMERS LLC

(Last) (First) (Middle)
2801 POST OAK BLVD
SUITE 600

(Street)
HOUSTON TX 77056

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
WESTLAKE CHEMICAL INVESTMENTS, INC.

(Last) (First) (Middle)
2801 POST OAK BLVD
SUITE 600

(Street)
HOUSTON TX 77056

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
WESTLAKE OLEFINS CORP

(Last) (First) (Middle)
2801 POST OAK BLVD
SUITE 600

(Street)
HOUSTON TX 77056

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
TTWF LP

(Last) (First) (Middle)
2801 POST OAK BLVD
SUITE 600

(Street)
HOUSTON TX 77056

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
TTWFGP LLC

(Last) (First) (Middle)
2801 POST OAK BLVD
SUITE 600

(Street)
HOUSTON TX 77056

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
Explanation of Responses:
1. On August 30, 2017, pursuant to the terms of the agreement of limited partnership (the "Partnership Agreement") of the Issuer, the 12,686,115 subordinated units representing limited partner interests in the Issuer (the "subordinated units") acquired by WPT LLC ("WPT") in the Issuer's initial public offering converted into common units representing limited partner interests of the Issuer ("common units") on a one-for-one basis, resulting in the acquisition of 12,686,115 common units. The subordinated units had no expiration date.
2. As of August 30, 2017, (i) WPT owns 55.7% of the outstanding limited partner interests in the Issuer. Westlake Chemical Corporation ("Westlake") owns 100% of Westlake Olefins Corporation, which owns 100% of Westlake Chemical Investments, Inc., which owns 100% of Westlake Polymers LLC, which owns 100% of WPT. TTWF LP, a Delaware limited partnership, holds 92,010,554 shares of Westlake's common stock. TTWF GP LLC, a Delaware limited liability company, is the general partner of TTWF LP. Each of the reporting persons in the above described ownership chain of WPT may be deemed to indirectly own the common units and the subordinated units directly held by WPT.
Remarks:
WPT LLC, /s/ Albert Chao, by Albert Chao President of Westlake Chemical Investments, Inc. its manager 08/30/2017
Westlake Polymers LLC, /s/ Albert Chao, by Albert Chao, President of Westlake Chemical Investments, Inc., its manager 08/30/2017
Westlake Chemical Investments, Inc., /s/ Albert Chao, by Albert Chao, President 08/30/2017
Westlake Olefins Corporation, /s/ Albert Chao, by Albert Chao, President 08/30/2017
TTWF LP, by TTWF GP LLC, its general partner, /s/ Albert Chao, by Albert Chao, an Authorized Representative, /s/ James Chao, James Chao, an Authorized Representative 08/30/2017
TTWF GP LLC, /s/ Albert Chao, By: Albert Chao, an Authorized Representative, /s/ James Chao, James Chao, an Authorized Representative 08/30/2017
Westlake Chemical Corporation, /s/ Albert Chao, by Albert Chao, President and CEO 08/30/2017
** Signature of Reporting Person Date
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* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
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