Filing Details

Accession Number:
0001567619-20-006809
Form Type:
4
Zero Holdings:
No
Publication Time:
2020-03-20 09:19:14
Reporting Period:
2020-03-19
Accepted Time:
2020-03-20 09:19:14
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1604665 Westlake Chemical Partners Lp WLKP () 4
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1299403 Albert Chao 2801 Post Oak Blvd
Suite 600
Houston TX 77056
President & Ceo Yes Yes Yes No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Units (Limited Partner Interests) Acquisiton 2020-03-19 2,100 $12.44 136,160 No 4 P Direct
Common Units (Limited Partner Interests) Acquisiton 2020-03-19 7,035 $14.20 143,195 No 4 P Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Direct
No 4 P Direct
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Units (Limited Partner Interests) 27,275 Indirect by Trusts
Common Units (Limited Partner Interests) 14,122,230 Indirect TTWF LP & TTWFGP LLC
Footnotes
  1. The price reported in Column 4 is a weighted average price. These common units were purchased in multiple transactions ranging from $12.06 to $12.75, inclusive. The reporting person undertakes to provide to Westlake Chemical Partners LP, any security holder of Westlake Chemical Partners LP or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of common units purchased at each separate price within the ranges set forth in this footnote.
  2. The price reported in Column 4 is a weighted average price. These common units were purchased in multiple transactions ranging from $13.66 to $14.50, inclusive. The reporting person undertakes to provide to Westlake Chemical Partners LP, any security holder of Westlake Chemical Partners LP or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of common units purchased at each separate price within the ranges set forth in this footnote.
  3. WPT LLC ("WPT") owns 14,122,230 common units ("Common Units") representing limited partner interests in the Issuer. Westlake Chemical Corporation ("Westlake") owns 100% of each of Westlake Olefins LLC ("Olefins"), Westlake Vinyl Corporation ("Vinyl") and Westlake Longview Corporation ("Longview"). Olefins owns 100% of Westlake Chemical Investments, lnc., which owns 84.25% of Westlake Polymers LLC ("Polymers"). Vinyl owns 100% of Westlake Vinyls, Inc., which owns 12.95% Polymers. Longview owns 2.80% of Polymers. Polymers owns 100% of WPT LLC. The reporting person may be deemed to indirectly own the Common Units through his ownership interest in TTWF LP, a Delaware limited partnership through which the reporting person indirectly holds 92,825,554 shares of Westlake.
  4. Two trusts for the benefit of members of the Chao family, including the reporting person, are the managers of TTWF GP LLC, a Delaware limited liability company that is the general partner of TTWF LP. The limited partners of TTWF LP are five trusts, principally for the benefit of members of the Chao family, including the reporting person, and two corporations owned, indirectly or directly, by certain of these trusts and by other entities owned by members of the Chao family, including the reporting person. The reporting person shares investment and voting power with respect to the common units beneficially owned by TTWF LP. The reporting person disclaims beneficial ownership of the Common Units except to the extent of his pecuniary interest therein.