0001610682-16-000130.txt : 20160224 0001610682-16-000130.hdr.sgml : 20160224 20160224162853 ACCESSION NUMBER: 0001610682-16-000130 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20160222 FILED AS OF DATE: 20160224 DATE AS OF CHANGE: 20160224 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 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: 161452374 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: 161452377 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: 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: 161452379 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 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: 161452380 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: 161452378 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: 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: 161452375 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-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: 161452376 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 4 1 wf-form4_145634931526971.xml FORM 4 X0306 4 2016-02-22 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 0001621292 ENERGY CAPITAL PARTNERS III, LLC 51 JOHN F. KENNEDY PARKWAY, SUITE 200 SHORT HILLS NJ 07078 1 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) 2016-02-22 4 C 0 2092709 0 A 3186254 D SUBORDINATED UNITS (LIMITED PARTNER INTERESTS) 2016-02-22 4 C 0 2092709 0 D COMMON UNITS 2092709.0 8370836 D Effective February 22, 2016, pursuant to the terms for the first 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. This Form 4 is filed jointly by USD Group LLC ("USD Group"), US Development Group, LLC ("USD"), USD Holdings, LLC ("USD Holdings"), Energy Capital Partners III,LLC ("ECP"), Energy Capital Partners III-A, LP ("ECP-A"), Energy Capital Partners III-B (USD IP), LP ("ECP-B"), and Energy Capital Parnters III-C (USD IP), LP ("ECP-C" and together with ECP-A and ECP-B, the "ECP Funds"). USD Group is the direct holder of the limited partner interest in the Issuer. USD is the parent company of USD Group which is the sole owner of the membership interests of USD Partners GP LLC, the Issuer's general partner (the "General Partner"). USD manages USD Group. ECP is the direct or indirect general partner of each of the ECP Funds and has voting and investment control over the securities owned by the ECP Funds. USD Holdings and ECP Funds are members of USD and, with ECP, may be deemed to indirectly beneficially own the limited partnership interests beneficially owned by USD. USD Group directly holds 3,186,254 common units and 8,370,836 subordinated units representing 22.5% of the common units and 100% of the subordinated units for a combined 51.1% 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 1,449,746 common units and 3,808,730 subordinated units, representing 45.5% of the limited partnership interests held by USD Group. ECP and the ECP Funds collectively hold 49.2% of the membership interest in USD, and may therefore be deemed to indirectly beneficially own 1,567,637 common units and 4,118,451 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/ Chris Robbins, Chief Financial Officer, USD Group LLC 2016-02-24 /s/ Chris Robbins, Chief Financial Officer, US Development Group, LLC 2016-02-24 USD Holdings LLC; By: /s/ Michael R: Curry, Manager 2016-02-24 Energy Capital Partners III, LLC; By /s/ Christopher M. Leininger, Deputy General Counsel 2016-02-24 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: /s/ Christopher M. Leininger, Deputy General Counsel 2016-02-24 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: /s/ Christopher M. Leininger, Deputy General Counsel 2016-02-24 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: /s/ Christopher M. Leininger, Deputy General Counsel 2016-02-24