Jane A. Ohagan - Feb 16, 2023 Form 4 Insider Report for USD Partners LP (USDP)

Role
Director, Other*
Signature
//s/ Adam K. Altsuler, Attorney-in-Fact for Jane A. O'Hagan
Stock symbol
USDP
Transactions as of
Feb 16, 2023
Transactions value $
-$46,501
Form type
4
Date filed
2/21/2023, 03:19 PM
Previous filing
Feb 18, 2022
Next filing
Feb 21, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction USDP COMMON UNITS (LIMITED PARTNER INTERESTS) Options Exercise $0 +13.1K $0.00 13.1K Feb 16, 2023 Direct F1, F2
transaction USDP COMMON UNITS (LIMITED PARTNER INTERESTS) Disposed to Issuer -$46.5K -13.1K -100% $3.54* 0 Feb 16, 2023 Direct F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction USDP PHANTOM UNITS Award $0 +13.1K +100% $0.00 26.3K Feb 16, 2023 COMMON UNITS 13.1K $0.00 Direct F2, F3
transaction USDP PHANTOM UNITS Options Exercise $0 -13.1K -50% $0.00 13.1K Feb 16, 2023 COMMON UNITS 13.1K $0.00 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the vesting of Phantom Units which are settled in cash pursuant to the terms of the applicable award agreement.
F2 Each phantom unit is the economic equivalent of one common unit of USDP and settles in cash on the vesting date pursuant to the terms of the applicable award agreement. The phantom units vest on the one-year anniversary of the grant date.
F3 Includes 13,136 phantom units which vested on February 16, 2023.

Remarks:

The Reporting Person is a director of USD Partners GP LLC, the general partner of the Issuer (the "General Partner"). The Issuer is managed by the directors and executive officers of the General Partner.