Form 4 for TXO TXO Partners, L.P.
Accepted 2023-02-02 00:00:00 ET · period of report 2023-01-31 · accession 0000310051-23-000004 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DI | 2023-02-02 | 2023-01-31 | TXO | LKCM Private Discipline Master Fund, SPC | 10% | C - Cnv Deriv | — | +1.07M | 2.56M | +71% | — |
| DI | 2023-02-02 | 2023-01-31 | TXO | LKCM Private Discipline Master Fund, SPC | 10% | C - Cnv Deriv | $0.00 | -207.63 | 0 | -100% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Units | 2023-01-31 | C | A | 1,065,798 | — | 2,561,530 | I By MorningStar Partners II, L.P. | — | — | (F1) Immediately prior to the closing of the Issuer's initial public offering, the Issuer's Series 5 preferred units automatically converted into common units of the Issuer. (F2) Reflects securities acquired in a transaction exempt from reporting pursuant to Rule 16a-13. (F3) Reflects the number of common units beneficially owned following a 1-for-25.33 reverse unit split effected by the Issuer on January 31, 2023, which was exempt from reporting pursuant to Rule 16a-9. |
| 2 | Derivative | Series 5 Preferred Units | 2023-01-31 | C | D | 207.63 | $0.00 | 0 | I See footnotes | — · — to 2024-10-15 | 1,065,798 Common Units | (F6) LKCM has voting and investment power over the securities beneficially owned by each of LIP and PDP. Accordingly, each of J. Luther King, Jr. and LKCM may be deemed to be the beneficial owners of the Series 5 preferred units held by each of LIP and PDP, but each disclaim beneficial ownership of such securities except to the extent of their pecuniary interest therein. (F4) The securities reported include (1) 507,909 common units underlying Series 5 preferred units held by LKCM Investment Partnership, L.P. and (ii) 557,889 common units underlying Series 5 preferred units held by PDLP Morningstar, LLC. (F5) LKCM Investment Partnership GP, LLC (LIP GP) is the general partner of LKCM Investment Partnership, L.P. (LIP). LKCM Private Discipline Management, L.P. (PDP GP) is the sole holder of management shares of LKCM Private Discipline Master Fund, SPC (PDP). PDLP Morningstar, LLC (PDLP Morningstar) is a wholly owned subsidiary of PDP. Luther King Capital Management Corporation (LKCM) serves as the investment adviser to each of LIP and PDP. J. Luther King, Jr. serves as the President of LKCM. (F1) Immediately prior to the closing of the Issuer's initial public offering, the Issuer's Series 5 preferred units automatically converted into common units of the Issuer. |