UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | SEC 1473 (7-02) | ||
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 control number. |
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 of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) |
6. Nature of Indirect Beneficial Ownership (Instr. 5) |
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Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
HNA Investment Management LLC 1180 AVENUE OF THE AMERICAS SUITE 1910 NEW YORK, NY 10036 |
 |  X |  |  |
/s/ Enrico Marini Fichera | 01/08/2016 | |
**Signature of Reporting Person | Date |
* | 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). |
(1) | As described in additional detail below, the filer has Section 13 beneficial ownership of 6,438,281 shares (the "Shares") of common stock, par value $0.01 per share ("Common Stock") of Dorian LPG Ltd. (the "Issuer") but has no pecuniary interest in those shares and therefore has not acquired them, and has no beneficial ownership, for purposes of Section 16. |
 Remarks: Among the Shares, 5,025,583 shares are owned directly by Sino Energy Holdings LLC ("Sino Energy") and 1,412,698 shares are owned directly by HNA Logistics LP ("HNA Logistics"). Each of Sino Energy and the general partner of HNA Logistics is a controlled affiliate of HNA Group Co. Each of Sino Energy, HNA Logistics and the general partner of HNA Logistics has contractually delegated all authority to acquire, vote and dispose of the Common Stock to HNA Investment Management LLC (the "Manager") and thereby fully transferred to the Manager its Section 13 beneficial ownership of the Common Stock.    However, Sino Energy and HNA Logistics retain the entire pecuniary  interest in the shares of Common Stock they directly own, and the Manager does not receive a performance based fee for its services. Accordingly, the Manager, while considered a 10% shareholder of the Issuer does not beneficially own any shares for the purposes of Section 16. |