UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. )*
8117 Preston Road, Suite 440
Dallas, Texas 75225
to Receive Notices and Communications)
Eliot D. Raffkind
Akin, Gump, Strauss, Hauer & Feld, L.L.P.
1700 Pacific Avenue, Suite 4100
Dallas, Texas 75201-4618
(214) 969-2800
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.o
Note:Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies are to be sent.
* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
CUSIP No. | 09625U208 |
1 | NAMES OF REPORTING PERSONS Swank Capital, L.L.C. | ||||||||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) | ||||||||||
(a) o | |||||||||||
(b) þ | |||||||||||
3 | SEC USE ONLY | ||||||||||
4 | SOURCE OF FUNDS (SEE INSTRUCTIONS) | ||||||||||
AF | |||||||||||
5 | CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) | ||||||||||
o | |||||||||||
6 | CITIZENSHIP OR PLACE OF ORGANIZATION | ||||||||||
Texas | |||||||||||
7 | SOLE VOTING POWER | ||||||||||
NUMBER OF | 0 | ||||||||||
SHARES | 8 | SHARED VOTING POWER | |||||||||
BENEFICIALLY | |||||||||||
OWNED BY | 3,280,444 | ||||||||||
EACH | 9 | SOLE DISPOSITIVE POWER | |||||||||
REPORTING | |||||||||||
PERSON | 0 | ||||||||||
WITH | 10 | SHARED DISPOSITIVE POWER | |||||||||
3,280,444 | |||||||||||
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | ||||||||||
3,280,444 | |||||||||||
12 | CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) | ||||||||||
o | |||||||||||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) | ||||||||||
9.8% | |||||||||||
14 | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) | ||||||||||
OO, HC |
Page 2 of 10
CUSIP No. | 09625U208 |
1 | NAMES OF REPORTING PERSONS Cushing MLP Asset Management, LP | ||||||||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) | ||||||||||
(a) o | |||||||||||
(b) þ | |||||||||||
3 | SEC USE ONLY | ||||||||||
4 | SOURCE OF FUNDS (SEE INSTRUCTIONS) | ||||||||||
AF | |||||||||||
5 | CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) | ||||||||||
o | |||||||||||
6 | CITIZENSHIP OR PLACE OF ORGANIZATION | ||||||||||
Texas | |||||||||||
7 | SOLE VOTING POWER | ||||||||||
NUMBER OF | 0 | ||||||||||
SHARES | 8 | SHARED VOTING POWER | |||||||||
BENEFICIALLY | |||||||||||
OWNED BY | 3,280,444 | ||||||||||
EACH | 9 | SOLE DISPOSITIVE POWER | |||||||||
REPORTING | |||||||||||
PERSON | 0 | ||||||||||
WITH | 10 | SHARED DISPOSITIVE POWER | |||||||||
3,280,444 | |||||||||||
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | ||||||||||
3,280,444 | |||||||||||
12 | CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) | ||||||||||
o | |||||||||||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) | ||||||||||
9.8% | |||||||||||
14 | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) | ||||||||||
PN, IA |
Page 3 of 10
CUSIP No. | 09625U208 |
1 | NAMES OF REPORTING PERSONS Jerry V. Swank | ||||||||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) | ||||||||||
(a) o | |||||||||||
(b) þ | |||||||||||
3 | SEC USE ONLY | ||||||||||
4 | SOURCE OF FUNDS (SEE INSTRUCTIONS) | ||||||||||
AF | |||||||||||
5 | CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) | ||||||||||
o | |||||||||||
6 | CITIZENSHIP OR PLACE OF ORGANIZATION | ||||||||||
USA | |||||||||||
7 | SOLE VOTING POWER | ||||||||||
NUMBER OF | 0 | ||||||||||
SHARES | 8 | SHARED VOTING POWER | |||||||||
BENEFICIALLY | |||||||||||
OWNED BY | 3,280,444 | ||||||||||
EACH | 9 | SOLE DISPOSITIVE POWER | |||||||||
REPORTING | |||||||||||
PERSON | 0 | ||||||||||
WITH | 10 | SHARED DISPOSITIVE POWER | |||||||||
3,280,444 | |||||||||||
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | ||||||||||
3,280,444 | |||||||||||
12 | CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) | ||||||||||
o | |||||||||||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) | ||||||||||
9.8% | |||||||||||
14 | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) | ||||||||||
IN |
Page 4 of 10
Item 1. | Security and Issuer |
Securities acquired: | Series A Preferred Units (the “Preferred Units”). | |
Issuer: | Blueknight Energy Partners, L.P. | |
Two Warran Place | ||
6120 South Yale Avenue, Suite 500 | ||
Tulsa, Oklahoma 74136 |
Item 2. | Identity and Background |
Page 5 of 10
Item 3. | Source and Amount of Funds |
Item 4. | Purpose of the Transaction |
Page 6 of 10
Item 5. | Interest in Securities of the Issuer |
Page 7 of 10
Item 6. | Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer |
Item 7. | Material to be Filed as Exhibits |
Exhibit 99.1 | Joint Filing Agreement by and among the Reporting Persons. |
Page 8 of 10
SWANK CAPITAL, L.L.C. | ||||
By: | /s/Jerry V. Swank | |||
Jerry V. Swank | ||||
Managing Member | ||||
CUSHING MLP ASSET MANAGEMENT, LP | ||||
By: | Swank Capital, L.L.C., its general partner | |||
By: | /s/Jerry V. Swank | |||
Jerry V. Swank | ||||
Managing Member | ||||
/s/ Jerry V. Swank | ||||
Jerry V. Swank |
Page 9 of 10
Ticker | ||||||||||||
Trade Date | Symbol | Quantity | Price/Share | |||||||||
10/03/2011 | BKEPR | 100 | $ | 0.5000 | ||||||||
10/03/2011 | BKEPR | (100 | ) | $ | 0.8800 | |||||||
10/04/2011 | BKEPR | 337 | $ | 0.8598 | ||||||||
10/05/2011 | BKEPR | 25,000 | $ | 0.8426 | ||||||||
10/05/2011 | BKEPR | 75,000 | $ | 0.8460 | ||||||||
10/06/2011 | BKEPR | 133,034 | $ | 0.8603 | ||||||||
10/06/2011 | BKEPR | 62,066 | $ | 0.8603 | ||||||||
10/06/2011 | BKEPR | 17,400 | $ | 0.8045 | ||||||||
10/10/2011 | BKEPR | 77,090 | $ | 0.9000 | ||||||||
10/10/2011 | BKEPR | 35,975 | $ | 0.9000 | ||||||||
10/10/2011 | BKEPR | 9,894 | $ | 0.9000 | ||||||||
10/11/2011 | BKEPR | 62,000 | $ | 0.8865 | ||||||||
10/11/2011 | BKEPR | 30,000 | $ | 0.8865 | ||||||||
10/12/2011 | BKEPR | 160,000 | $ | 0.9000 | ||||||||
10/12/2011 | BKEPR | 300,000 | $ | 0.9000 | ||||||||
10/20/2011 | BKEPR | 38,094 | $ | 0.5035 |
Page 10 of 10