SEC Form 4 · accession 0001181431-15-006940
Energy Transfer, LP · ETP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Martin Salinas
Officer — Chief Financial Officer
Period of report
May 13, 2015
Accepted (ET)
May 14, 2015 · 4:42 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001012569
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common UnitsF1 | May 13, 2015 | F | 25,947 | $56.691 | D | 89,257 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1In connection with Mr. Salinas' termination of employment, Mr. Salinas and ETP entered into a Separation and Non-Solicit Agreement and Full Release of Claims (the "Separation Agreement"), which became effective on May 9, 2015. The Separation Agreement provided for, among other things, acceleration of the vesting of all unvested restricted common units awarded to Mr. Salinas pursuant to the terms of the Second Amended and Restated ETP 2008 Long-Term Incentive Plan (the "ETP Unit Plan"). As of May 9, 2015, Mr. Salinas had outstanding awards under the ETP Unit Plan of 61,841 restricted common units that were otherwise not scheduled to vest until after Mr. Salinas' termination of employment. The common units reported above were withheld to cover tax liability as a result of the accelerated vesting of the award units.