Form Type: 4

SEC EDGAR Link
Accession Number:0001567619-18-006129
Date:2018-11-12
Issuer: WESTLAKE CHEMICAL PARTNERS LP (WLKP)
Original Submission Date:

Reporting Person:

CHAO JAMES
2801 POST OAK BLVD
SUITE 600 HOUSTON, TX 77056

Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
Title of SecurityTransaction Date2a. Deemed Execution Date Transaction CodeSharesAcquired or DisposedPrice per share 5. Amount of Securities Beneficially Owned Following Reported Transaction 6. Ownership Form Direct or IndirectNature of Indirect Ownership
COMMON UNITS (LIMITED PARTNER INTERESTS) 2018-11-12 P 10,000 a $22.77 55,000 direct
COMMON UNITS (LIMITED PARTNER INTERESTS) 2018-11-12 0 $0.00 14,122,230 indirect f3
COMMON UNITS (LIMITED PARTNER INTERESTS) 2018-11-12 0 $0.00 8,473 indirect
Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, convertible securities
Title of Derivative Security Conversion or Exercise Price of Derivative Security Transaction Date Deemed Execution Date Transaction Code Number of Derivative Securities Acquired (A) or Disposed of (D) Date ExercisableExpiration Date Title and Amount of Securities Underlying Derivative Security Price of Derivative Security Number of derivative Securities Beneficially Owned Following Reported Transaction(s) Ownership Form: Direct (D) or Indirect (I) Nature of Indirect Beneficial Ownership
Footnotes
IDfootnote
f1 the price reported in column 4 is a weighted average price. these common units were purchased in multiple transactions ranging from $22.68 to $22.78, 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.
f2 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 westlake olefins corporation, which owns 100% of westlake chemical investments, inc., which owns 100% of westlake polymers llc, which owns 100% of wpt. 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 92,010,554 shares of westlake.
f3 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.
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