0000919574-21-004928.txt : 20210809 0000919574-21-004928.hdr.sgml : 20210809 20210809183926 ACCESSION NUMBER: 0000919574-21-004928 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20210805 FILED AS OF DATE: 20210809 DATE AS OF CHANGE: 20210809 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Hansen Tim Truels CENTRAL INDEX KEY: 0001815798 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-36437 FILM NUMBER: 211157818 MAIL ADDRESS: STREET 1: STRANDHOLMS ALLE 23 CITY: HVIDOVRE STATE: G7 ZIP: 2650 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: DORIAN LPG LTD. CENTRAL INDEX KEY: 0001596993 STANDARD INDUSTRIAL CLASSIFICATION: DEEP SEA FOREIGN TRANSPORTATION OF FREIGHT [4412] IRS NUMBER: 000000000 STATE OF INCORPORATION: 1T FISCAL YEAR END: 0331 BUSINESS ADDRESS: STREET 1: 27 SIGNAL ROAD CITY: STAMFORD STATE: CT ZIP: 06878 BUSINESS PHONE: 203-978-1234 MAIL ADDRESS: STREET 1: 27 SIGNAL ROAD CITY: STAMFORD STATE: CT ZIP: 06878 4 1 ownership.xml X0306 4 2021-08-05 0 0001596993 DORIAN LPG LTD. LPG 0001815798 Hansen Tim Truels STRANDHOLMS ALLE 23 HVIDOVRE G7 2650 DENMARK 0 1 0 0 Chief Commercial Officer Common Stock 2021-08-05 4 A 0 25000 A 153866 D On August 5, 2021, the reporting person was granted 25,000 restricted stock units. The award represents a grant of restricted stock units pursuant to the Issuer's 2014 Equity Incentive Plan. Under the terms of the award agreement, the restricted stock units shall vest ratably in equal installments on the first and second anniversaries of August 5, 2021 (the "Grant Date"). Notwithstanding the foregoing, restricted stock units (the "Vesting Shares") to be issued to the reporting person that are eligible to vest on August 5, 2023 (the "Scheduled Vesting Date") shall vest when and only if the volume weighted average price of the Issuer's common shares (continued from footnote 1) over any consecutive 15-day period prior to the final business day of the tenth fiscal quarter following the Grant Date of the Vesting Shares, as reported on Bloomberg (or on such other internationally recognized financial information provider), equals or exceeds, 95% of the book value of an Issuer share, which shall be determined (in good faith by the management of the Issuer) in respect of the Scheduled Vesting Date, as of the first business day of the fiscal quarter immediately preceding the Scheduled Vesting Date. Includes 60,000 shares underlying restricted stock units. By: /s/ Tim Truels Hansen 2021-08-09