Sec Form 13G Filing - HANSEN DELL LOY filing for DYNAGAS LNG PARTNERS LP COM UN (DLNG) - 2020-10-15

(a) ☐ Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).

(b) ☐ Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).

(c) ☐ Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).

(d) ☐ Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8).

(e) ☐ An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);

(f) ☐ An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);

(g) ☐ A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);

(h) ☐ A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

(i) ☐ A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);

(j) ☐ Group, in accordance with §240.13d-1(b)(1)(ii)(J)

Amount beneficially owned:

Percent of class:

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The approximate percentages of Common Units reported as beneficially owned by the Reporting Persons are based upon 35,612,580 Common Units outstanding as of August 19, 2020, as reported in the Issuer’s prospectus supplement filed with the Securities and Exchange Commission (“SEC”) on August 19, 2020.

Collectively, the securities reported in this Schedule 13G are held directly by: (a) Dell Loy Hansen and (b) Hansen Guarantees, LLC, a Utah limited liability company. Mr. Hansen owns 99.99% of the membership interests of Hansen Guarantees, LLC. Mr. Hansen is deemed to be the indirect beneficial owner of the securities reported by reason of his ability to direct the vote and/or disposition of such securities, and his pecuniary interest in such common units (within the meaning of Rule 16a-1(a)(2) under the Securities Exchange Act of 1934, as amended) is a fractional interest in such amount. Neither the fact of this filing nor anything contained herein shall be deemed to be an admission by the Reporting Persons that they have formed a group.

The Reporting Persons first acquired beneficial ownership of greater than 5% of the Issuer’s outstanding Common Units on December 18, 2019. As of that date, the Reporting Persons beneficially owned 1,775,178 of the Issuer’s Common Units, which represented 5.002% of the Issuer’s outstanding Common Units, based upon 35,490,000 Common Units outstanding as of October 21, 2019, as reflected in the Form 6-K filed by the Issuer with the SEC on November 1, 2019. As of December 31, 2019, the Reporting Persons beneficially owned 1,880,453 of the Issuer’s Common Units, which represented 5.299% of the Issuer’s outstanding Common Units, based upon 35,490,000 Common Units outstanding as of December 31, 2019, as reflected in the Form 20-F filed by the Issuer with the SEC on April 16, 2020.

The Reporting Persons first acquired beneficial ownership of greater than 10% of the Issuer’s outstanding Common Units on September 1, 2020. As of that date, the Reporting Persons beneficially owned 3,563,020 of the Issuer’s Common Units, which represented 10.005% of the Issuer’s outstanding Common Units, based upon 35,612,580 Common Units outstanding as of August 19, 2020, as reported in the Issuer’s prospectus supplement filed with the SEC on August 19, 2020.

Not applicable.

Not applicable.

Not applicable.

Not applicable.

Not applicable.

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By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

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SIGNATURE

After reason able inquiry and to the best of their knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.

EXHIBIT INDEX

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