SEC Form 4 · accession 0001209191-15-067809
Energy Transfer, LP · ETP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kelcy L Warren
Officer — Chief Executive Officer · Director
Period of report
Aug 21, 2015
Accepted (ET)
Aug 25, 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,F2,F3 | Aug 21, 2015 | D | 21,000,000 | — | D | 2,571,695 | I | By Energy Transfer Equity, L.P. |
| Common Units | holding | — | — | — | 21,107 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Pursuant to an Exchange and Repurchase Agreement, dated as of July 14, 2015, among Energy Transfer Equity, L.P. ("ETE"), Energy Transfer Partners GP, L.P., a Delaware limited partnership, and Energy Transfer Partners, L.P. ("ETP"), on August 21, 2015, ETE transferred to ETP, and ETP repurchased, 21,000,000 common units representing limited partner interests in ETP ("Common Units"), in exchange for the sale by ETP to ETE of 100% of the incentive distribution rights of Sunoco LP and all of the issued and outstanding membership interests in Sunoco GP LLC. As part of the transaction, ETE also agreed to a reduction in the aggregate quarterly distributions it receives with respect to its incentive distribution rights in ETP in the amount of $8.75 million per quarter commencing with the quarter ending September 30, 2015 and ending with the quarter ending June 30, 2017.
- F2On July 14, 2015, ETE Common Holdings LLC, a Delaware limited liability company and a wholly owned subsidiary of ETE ("ETE Holdings"), transferred 12,739,270 Common Units to ETE pursuant to Contribution Agreement between ETE and ETE Holdings.
- F3The Reporting Person is Chairman of the Board of LE GP, LLC, which is the general partner of ETE (the "General Partner"), and holds an 81.2% membership interest in the General Partner. The Reporting Person may be deemed to have beneficially acquired the securities held indirectly through ETE reported herein, but disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein, if any.