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Filing Details

Accession Number:: 0001140361-14-031055
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2014-08-06 16:16:54
Reporting Period:: 2014-08-04

Filing Date:: 2014-08-06
Accepted Time:: 2014-08-06 16:16:54
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1604665	Westlake Chemical Partners Lp	WLKP	Industrial Organic Chemicals (2860)	320436529

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1299505	James Chao	2801 Post Oak Boulevard, Suite 600 Houston TX 77056		Yes	No	Yes	No

Reported Non-Derivative Transactions

Show Other Fields >>

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	2014-08-04	45,000	$24.00	45,000	No	4	P	Direct
Common Units (Limited Partner Interests)	Acquisiton	2014-08-04	1,436,115	$0.00	1,436,115	No	4	P	Indirect	TTWF LP & TTWF GP LLC Trusts
Common Units (Limited Partner Interests)	Acquisiton	2014-08-04	45,000	$24.00	45,000	No	4	P	Indirect	Brother, Albert Chao

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Direct
No	4	P	Indirect	TTWF LP & TTWF GP LLC Trusts
No	4	P	Indirect	Brother, Albert Chao

Footnotes

Purchased as part of the Directed Unit Program associated with the Issuer's initial public offering.
In connection with the closing of the initial public offering of the Issuer, pursuant to that certain Contribution Agreement, by and between WPT LLC ("WPT") and the Issuer, WPT contributed a 5.76% limited partner interest in Westlake Chemical OpCo LP and a 100% membership interest in Westlake Chemical OpCo GP LLC to the Issuer in exchange for (i) 1,436,115 common units and 12,686,115 subordinated units, representing limited partner interests in the Issuer and (ii) the incentive distribution rights of the Issuer.
WPT LLC ("WPT") owns 1,436,115 common units ("Common Units") and 12,686,115 subordinated units ("Subordinated Units") of the outstanding 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 and the Subordinated 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.
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.
The reporting person disclaims beneficial ownership of these securities and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.