0001610682-19-000031.txt : 20190222
0001610682-19-000031.hdr.sgml : 20190222
20190222162804
ACCESSION NUMBER: 0001610682-19-000031
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20190220
FILED AS OF DATE: 20190222
DATE AS OF CHANGE: 20190222
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: USD GROUP LLC
CENTRAL INDEX KEY: 0001621019
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-36674
FILM NUMBER: 19626067
BUSINESS ADDRESS:
STREET 1: C/O USD PARTNERS LP
STREET 2: 811 MAIN STREET, SUITE 2800
CITY: HOUSTON
STATE: TX
ZIP: 77002
BUSINESS PHONE: (281) 291-0510
MAIL ADDRESS:
STREET 1: C/O USD PARTNERS LP
STREET 2: 811 MAIN STREET, SUITE 2800
CITY: HOUSTON
STATE: TX
ZIP: 77002
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: US DEVELOPMENT GROUP, LLC
CENTRAL INDEX KEY: 0001621021
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-36674
FILM NUMBER: 19626068
BUSINESS ADDRESS:
STREET 1: C/O USD PARTNERS LP
STREET 2: 811 MAIN STREET, SUITE 2800
CITY: HOUSTON
STATE: TX
ZIP: 77002
BUSINESS PHONE: (281) 291-0510
MAIL ADDRESS:
STREET 1: C/O USD PARTNERS LP
STREET 2: 811 MAIN STREET, SUITE 2800
CITY: HOUSTON
STATE: TX
ZIP: 77002
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: USD HOLDINGS LLC
CENTRAL INDEX KEY: 0001621293
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-36674
FILM NUMBER: 19626069
BUSINESS ADDRESS:
STREET 1: C/O USD PARTNERS LP
STREET 2: 811 MAIN STREET, SUITE 2800
CITY: HOUSTON
STATE: TX
ZIP: 77002
BUSINESS PHONE: (281) 291-0510
MAIL ADDRESS:
STREET 1: C/O USD PARTNERS LP
STREET 2: 811 MAIN STREET, SUITE 2800
CITY: HOUSTON
STATE: TX
ZIP: 77002
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: ECP ControlCo, LLC
CENTRAL INDEX KEY: 0001707921
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-36674
FILM NUMBER: 19626070
BUSINESS ADDRESS:
STREET 1: 51 JOHN F. KENNEDY PARKWAY
STREET 2: SUITE 200
CITY: SHORT HILLS
STATE: NJ
ZIP: 07078
BUSINESS PHONE: (973) 671-6100
MAIL ADDRESS:
STREET 1: 51 JOHN F. KENNEDY PARKWAY
STREET 2: SUITE 200
CITY: SHORT HILLS
STATE: NJ
ZIP: 07078
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: ENERGY CAPITAL PARTNERS III, LLC
CENTRAL INDEX KEY: 0001621292
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-36674
FILM NUMBER: 19626071
BUSINESS ADDRESS:
STREET 1: 51 JOHN F. KENNEDY PARKWAY
STREET 2: SUITE 200
CITY: SHORT HILLS
STATE: NJ
ZIP: 07078
BUSINESS PHONE: (973) 671-6100
MAIL ADDRESS:
STREET 1: 51 JOHN F. KENNEDY PARKWAY
STREET 2: SUITE 200
CITY: SHORT HILLS
STATE: NJ
ZIP: 07078
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Energy Capital Partners GP III, LP
CENTRAL INDEX KEY: 0001697506
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-36674
FILM NUMBER: 19626072
BUSINESS ADDRESS:
STREET 1: 51 JOHN F. KENNEDY PARKWAY
STREET 2: SUITE 200
CITY: SHORT HILLS
STATE: NJ
ZIP: 07078
BUSINESS PHONE: (973) 671-6100
MAIL ADDRESS:
STREET 1: 51 JOHN F. KENNEDY PARKWAY
STREET 2: SUITE 200
CITY: SHORT HILLS
STATE: NJ
ZIP: 07078
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: ENERGY CAPITAL PARTNERS III, LP
CENTRAL INDEX KEY: 0001594546
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-36674
FILM NUMBER: 19626073
BUSINESS ADDRESS:
STREET 1: 51 JOHN F. KENNEDY PARKWAY, SUITE 200
CITY: SHORT HILLS
STATE: NJ
ZIP: 07078
BUSINESS PHONE: (973) 671-6100
MAIL ADDRESS:
STREET 1: 51 JOHN F. KENNEDY PARKWAY, SUITE 200
CITY: SHORT HILLS
STATE: NJ
ZIP: 07078
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: ENERGY CAPITAL PARTNERS III-A, LP
CENTRAL INDEX KEY: 0001594547
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-36674
FILM NUMBER: 19626074
BUSINESS ADDRESS:
STREET 1: 51 JOHN F. KENNEDY PARKWAY, SUITE 200
CITY: SHORT HILLS
STATE: NJ
ZIP: 07078
BUSINESS PHONE: (973) 671-6100
MAIL ADDRESS:
STREET 1: 51 JOHN F. KENNEDY PARKWAY, SUITE 200
CITY: SHORT HILLS
STATE: NJ
ZIP: 07078
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: ENERGY CAPITAL PARTNERS III-B (USD IP), LP
CENTRAL INDEX KEY: 0001621385
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-36674
FILM NUMBER: 19626075
BUSINESS ADDRESS:
STREET 1: 51 JOHN F. KENNEDY PARKWAY
STREET 2: SUITE 200
CITY: SHORT HILLS
STATE: NJ
ZIP: 07078
BUSINESS PHONE: (973) 671-6100
MAIL ADDRESS:
STREET 1: 51 JOHN F. KENNEDY PARKWAY
STREET 2: SUITE 200
CITY: SHORT HILLS
STATE: NJ
ZIP: 07078
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: ENERGY CAPITAL PARTNERS III-C (USD IP), LP
CENTRAL INDEX KEY: 0001621413
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-36674
FILM NUMBER: 19626076
BUSINESS ADDRESS:
STREET 1: 51 JOHN F. KENNEDY PARKWAY
STREET 2: SUITE 200
CITY: SHORT HILLS
STATE: NJ
ZIP: 07078
BUSINESS PHONE: (973) 671-6100
MAIL ADDRESS:
STREET 1: 51 JOHN F. KENNEDY PARKWAY
STREET 2: SUITE 200
CITY: SHORT HILLS
STATE: NJ
ZIP: 07078
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: USD Partners LP
CENTRAL INDEX KEY: 0001610682
STANDARD INDUSTRIAL CLASSIFICATION: RAILROAD SWITCHING & TERMINAL ESTABLISHMENTS [4013]
IRS NUMBER: 000000000
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 811 MAIN STREET
STREET 2: SUITE 2800
CITY: HOUSTON
STATE: TX
ZIP: 77002
BUSINESS PHONE: 713-249-0426
MAIL ADDRESS:
STREET 1: 811 MAIN STREET
STREET 2: SUITE 2800
CITY: HOUSTON
STATE: TX
ZIP: 77002
4
1
wf-form4_155087087015625.xml
FORM 4
X0306
4
2019-02-20
0
0001610682
USD Partners LP
USDP
0001621019
USD GROUP LLC
811 MAIN STREET, SUITE 2800
HOUSTON
TX
77002
1
0
1
0
0001621021
US DEVELOPMENT GROUP, LLC
811 MAIN STREET, SUITE 2800
HOUSTON
TX
77002
1
0
1
0
0001621293
USD HOLDINGS LLC
811 MAIN STREET, SUITE 2800
HOUSTON
TX
77002
1
0
1
0
0001707921
ECP ControlCo, LLC
51 JOHN F. KENNEDY PARKWAY, SUITE 200
SHORT HILLS
NJ
07078
1
0
1
0
0001621292
ENERGY CAPITAL PARTNERS III, LLC
51 JOHN F. KENNEDY PARKWAY, SUITE 200
SHORT HILLS
NJ
07078
1
0
1
0
0001697506
Energy Capital Partners GP III, LP
51 JOHN F. KENNEDY PARKWAY, SUITE 200
SHORT HILLS
NJ
07078
1
0
1
0
0001594546
ENERGY CAPITAL PARTNERS III, LP
51 JOHN F. KENNEDY PARKWAY, SUITE 200
SHORT HILLS
NJ
07078
0
0
1
0
0001594547
ENERGY CAPITAL PARTNERS III-A, LP
51 JOHN F. KENNEDY PARKWAY, SUITE 200
SHORT HILLS
NJ
07078
1
0
1
0
0001621385
ENERGY CAPITAL PARTNERS III-B (USD IP), LP
51 JOHN F. KENNEDY PARKWAY, SUITE 200
SHORT HILLS
NJ
07078
1
0
1
0
0001621413
ENERGY CAPITAL PARTNERS III-C (USD IP), LP
51 JOHN F. KENNEDY PARKWAY, SUITE 200
SHORT HILLS
NJ
07078
1
0
1
0
COMMON UNITS (LIMITED PARTNER INTERESTS)
2019-02-20
4
C
0
2092709
0
A
9464381
I
See Footnotes
SUBORDINATED UNITS (LIMITED PARTNER INTERESTS)
2019-02-20
4
C
0
2092709
0
D
COMMON UNITS
2092709.0
2092709
I
See Footnotes
Effective February 20, 2019, pursuant to the terms for the fourth subordinated unit tranche as set forth in the Issuer's second amended and restated agreement of limited partnership, 2,092,709 subordinated units representing limited partnership interests in the Issuer held by USD Group LLC ("USD Group") converted on a one-for-one basis into common units representing limited partnership interests in the Issuer.
US Development Group, LLC (USD) is the parent company of USD Group LLC (USDG) which is the sole owner of the membership interests of USD Partners GP LLC, the Issuer's general partner. USD manages USDG. ECP ControlCo, LLC (ECP ControlCo) is the managing member of Energy Capital Partners III, LLC (ECP), which is the general partner of Energy Capital Partners GP III, LP (ECP GP), which is the general partner of each of Energy Capital Partners III, LP (ECP III), Energy Capital Partners III-A, LP (ECP-A), Energy Capital Partners III-B (USD IP), LP (ECP-B), and Energy Capital Partners III-C (USD IP), LP (ECP-C) and together with ECP III,ECP-A and ECP-B, the "ECP Funds". As a result, ECP ControlCo, ECP and ECP GP have voting and investment control over the securities owned by the ECP Funds. USD Holdings, LLC (USD Holdings) and the ECP Funds are members of USD and, with ECP and ECP ControlCo, may be deemed to indirectly beneficially own the limited partner interests beneficially owned by USD.
Following the transactions reported herein, USD Group directly holds 9,464,381 common units and 2,092,709 subordinated units representing 38.9% of the common units and 100% of the subordinated units for a combined 43.7% of the limited partnership interests in the Issuer. USD Holdings is a 45.5% member of USD, and may therefore be deemed to indirectly beneficially own 4,306,293 common units and 952,183 subordinated units, representing 45.5% of the limited partnership interests held by USD Group. ECP ControlCo, ECP, ECP GP and the ECP Funds collectively hold 49.2% of the membership interest in USD, and may therefore be deemed to indirectly beneficially own 4,656,475 common units and 1,029,613 subordinated units, representing 49.2% of the limited partnership interests held by USD Group.
Subordinated units will convert into common units on a one-for-one basis in separate sequential tranches. Each tranche will be comprised of 20.0% of the subordinated units outstanding as of October 15, 2014. A separate tranche will convert on each business day occurring on or after October 1, 2015 (but no more than once in any twelve-month period) subject to certain conditions being met.
/s/Adam Altsuler, Chief Financial Officer, USD Group LLC
2019-02-22
/s/ Adam Altsuler, Chief Financial Officer, US Development Group, LLC
2019-02-22
USD Holdings LLC; By: /s/ Michael R: Curry, Manager
2019-02-22
ECP ControlCo, LLC By: /s/ Enoch Varner, Vice President & Counsel
2019-02-22
Energy Capital Partners III, LLC By: ECP ControlCo, LLC, its managing member By: /s/ Enoch Varner, Vice President & Counsel
2019-02-22
Energy Capital Partners GP III, LP By: Energy Capital Partners III, LLC, its general partner By: ECP ControlCo, LLC, its managing member By: /s/ Enoch Varner, Vice President & Counsel
2019-02-22
Energy Capital Partners III, LP By: Energy Capital Partners GP III, LP, its general partner By: Energy Capital Partners III, LLC, its general partner By: ECP ControlCo, LLC, its managing member By: /s/ Enoch Varner, Vice President & Counsel
2019-02-22
Energy Capital Partners III-A, LP By: Energy Capital Partners GP III, LP, its general partner By: Energy Capital Partners III, LLC, its general partner By: ECP ControlCo, LLC, its managing member By: /s/ Enoch Varner, Vice President & Counsel
2019-02-22
Energy Capital Partners III-B (USD IP), LP By: Energy Capital Partners GP III, LP, its general partner By: Energy Capital Partners III, LLC, its general partner By: ECP ControlCo, LLC, its managing member By: /s/ Enoch Varner, Vice President & Counsel
2019-02-22
Energy Capital Partners III-C (USD IP), LP By: Energy Capital Partners GP III, LP, its general partner By: Energy Capital Partners III, LLC, its general partner By: ECP ControlCo, LLC, its managing member By: /s/ Enoch Varner, Vice President & Counsel
2019-02-22