Form 4 for TXO TXO Partners, L.P.
Accepted 2023-02-02 00:00:00 ET · period of report 2023-01-31 · accession 0000899243-23-003595 · 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 | Global Endowment Management, LP | 10% | C - Cnv Deriv | — | +1.44M | 4.71M | +44% | — |
| DI | 2023-02-02 | 2023-01-31 | TXO | Global Endowment Management, LP | 10% | C - Cnv Deriv | $0.00 | -279.69 | 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 | 1,435,674 | — | 4,713,962 | 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 units beneficially held 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 | 279.69 | $0.00 | 0 | I See footnotes | — · — to 2024-10-15 | 1,435,674 Common Units | (F4) The securities reported include (i) 853,773 common units underlying series 5 preferred units held by GEF-PUE, LP and (ii) 581,901 common units underlying series 5 preferred units held by GEF-DTOE, Inc. (F5) Global Endowment Management, LP controls the investment decisions of each of GEF-DTOE, Inc. and GEF-PUE, LP, and J. Porter Durham, Jr. has management control over Global Endowment Management, LP and accordingly may be deemed to share beneficial ownership of the common units held by each of GEF-DTOE, Inc. and GEF-PUE, LP. J. Porter Durham, Jr. disclaims beneficial ownership of such common units except to the extent of his pecuniary interest therein, if any. (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. |