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Filing Details

Accession Number:: 0000899243-16-036413
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2016-12-30 08:49:28
Reporting Period:: 2016-12-28

Filing Date:: 2016-12-30
Accepted Time:: 2016-12-30 08:49:28
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1583744	Arc Logistics Partners Lp	ARCX	Wholesale-Petroleum Bulk Stations & Terminals (5171)	364767846

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1588838	T. Vincent Cubbage	725 Fifth Avenue, 19Th Floor New York NY 10022	See Remarks	Yes	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Units Representing Limited Partner Interests	Disposition	2016-12-28	27,894	$14.50	53,833	No	4	S	Direct
Common Units Representing Limited Partner Interests	Disposition	2016-11-18	16,673	$0.00	30,516	No	5	G	Indirect	By LightfootCapital Partners,LP
Common Units Representing Limited Partner Interests	Acquisiton	2016-12-28	164	$14.50	30,680	No	4	P	Indirect	By Lightfoot Capital Partners, LP

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Direct
No	5	G	Indirect	By LightfootCapital Partners,LP
No	4	P	Indirect	By Lightfoot Capital Partners, LP

Footnotes

Represents Mr. Cubbage's sale of common units representing limited partner interests in the Issuer ("Common Units") to Lightfoot Capital Partners, LP ("LCP LP"), a 10% owner of the Issuer, which was intended to cover the Reporting Person's tax liability resulting from the settlement on November 17, 2016 of phantom units subject to performance-based vesting that were awarded to the Reporting Person under the Issuer's Long-Term Incentive Plan.
The Reporting Person sold the Common Units to LCP LP at a price equal to the closing price of the Issuer's Common Units on November 17, 2016.
The Reporting Person may be deemed to have indirectly owned, as of November 17, 2016, 47,189 of the Common Units held by LCP LP. As of November 18, 2016, the Reporting Person transferred by gift to a family trust established for estate planning purposes, the sole trustee of which is the spouse of the Reporting Person, a portion of his limited liability company membership interests in Lightfoot Capital Partners GP LLC ("LCP GP"), the general partner of LCP LP, and a portion of his limited partner interests in LCP LP. The interests transferred to the trust represented beneficial ownership of 16,673 of the Common Units owned by LCP LP.
Certain members of LCP GP may elect to cause LCP LP to distribute the Common Units held by LCP LP to the partners of LCP LP and to the members of LCP GP. As a member of LCP GP and a partner of LCP LP, Mr. Cubbage may be deemed to indirectly own a portion of the Common Units held by LCP LP.
The Reporting Person may be deemed to indirectly own 164 of the 27,894 Common Units acquired by LCP LP.
As set out in footnote 4 above, Mr. Cubbage may be deemed to indirectly own a portion of the Common Units held by LCP LP. As of the date of this report, LCP LP owns 5,242,775 Common Units. As a member of LCP GP and a partner of LCP LP, Mr. Cubbage may be deemed to indirectly own 30,680 of these Common Units. Mr. Cubbage disclaims beneficial ownership of the Common Units owned by LCP LP except to the extent of his pecuniary interest therein.