SEC Form 3
FORM 3 | UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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1. Name and Address of Reporting Person*
(Street)
| 2. Date of Event Requiring Statement (Month/Day/Year) 10/31/2017 | 3. Issuer Name and Ticker or Trading Symbol HOLLY ENERGY PARTNERS LP [ HEP ] | |||||||||||||
4. Relationship of Reporting Person(s) to Issuer (Check all applicable)
| 5. If Amendment, Date of Original Filed (Month/Day/Year) | ||||||||||||||
6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Beneficially Owned | |||
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1. Title of Security (Instr. 4) | 2. Amount of Securities Beneficially Owned (Instr. 4) | 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 4. Nature of Indirect Beneficial Ownership (Instr. 5) |
General Partner Interest(1) | 0.2(1) | D | |
Incentive Distribution Rights(1) | 1(1) | D | |
Common Units(1) | 0(1) | D |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||
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1. Title of Derivative Security (Instr. 4) | 2. Date Exercisable and Expiration Date (Month/Day/Year) | 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) | 4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 6. Nature of Indirect Beneficial Ownership (Instr. 5) | ||
Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Explanation of Responses: |
1. On October 31, 2017, HEP Logistics Holdings, L.P. ("HEP GP") acquired 37,250,000 Common Units of the Issuer. Immediately prior to such acquisition of Common Units, HEP GP held (i) zero Common Units of the Issuer, (ii) a 2% General Partner Interest in the Issuer and (iii) all of the Issuer's Incentive Distribution Rights. The General Partner Interest and Incentive Distribution Rights were cancelled in exchange for the issuance of the 37,250,000 Common Units. |
Remarks: |
As of October 31, 2017, for purposes of Section 13(d) of the Exchange Act, HEP GP is a new "group" member of the reporting group consisting of HollyFrontier Corporation ("HollyFrontier"), HollyFrontier Holdings LLC ("Holdings"), Navajo Pipeline Co., L.P. ("Navajo"), Holly Logistics Limited LLC ("Logistics"), Holly Frontier Navajo Refining LLC ("NRC"), HollyFrontier Woods Cross Refining LLC ("HRWC") and HEP GP. |
By: Holly Logistic Services, L.L.C., its general partner, /s/ Richard L. Voliva III, EVP and CFO | 11/02/2017 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v). | ||
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |