SEC Form 4 · accession 0001209191-15-009389
ENTERPRISE PRODUCTS PARTNERS L P · EPD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael A Creel
Officer — Chief Executive Officer · Director
Period of report
Feb 3, 2015
Accepted (ET)
Feb 4, 2015 · 4:11 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001061219
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Units Representing Limited Partnership InterestsF2 | Feb 3, 2015 | M | 180,000 | $16.135 | A | 1,722,264 | D | |
| Common Units Representing Limited Partnership Interests | Feb 3, 2015 | F | 123,210 | $35.33 | D | 1,599,054 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Unit Option-Right To BuyF4 | $16.135 | Feb 3, 2015 | M | 180,000 | D | Feb 1, 2015 | Dec 31, 2015 | Common Units | 180,000 | 0 | D |
Explanation of responses
- F1Represents the exercise of employee unit options that vested in 2014, first became exercisable on February 1, 2015 and terminate on December 31, 2015 (to the extent not previously exercised). In accordance with the terms and conditions applicable to such awards, employee unit options granted by the issuer may only be exercised at certain times during the calendar year (typically the months of February, May, August and November).
- F2On August 21, 2014 the common units of Enterprise Products Partners L.P. split 2-for-1, resulting in the reporting person's ownership of 771,132 additional units.
- F3Represents the payment (by delivering or withholding common units) of the exercise price and/or tax liability incident to the exercise of the employee unit option described in Footnote 1 above.
- F4The power of attorney under which this form was signed is on file with the Commission.
Remarks
Transaction Code M - Exercise or conversion of derivative security exempted pursuant to Rule 16b-3; Transaction Code F - Payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise or vesting of a security issued in accordance with Rule 16b-3