SEC Form 4 · accession 0001209191-15-017172
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 19, 2015
Accepted (ET)
Feb 23, 2015 · 4:16 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 InterestsF1 | Feb 19, 2015 | M | 35,500 | — | A | 1,634,554 | D | |
| Common Units Representing Limited Partnership Interests | Feb 19, 2015 | F | 30,037 | $33.79 | D | 1,604,517 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom UnitsF1,F2 | — | Feb 19, 2015 | M | 35,500 | D | — | — | Common Units | 35,500 | 106,500 | D |
| Phantom UnitsF4,F1,F3 | — | holding | — | — | — | — | — | Common Units | 120,700 | 120,700 | D |
Explanation of responses
- F1Each phantom unit is the economic equivalent of one Enterprise Products Partners L.P. ("EPD") common unit.
- F2These phantom units vest in four equal annual installments beginning on February 19, 2015. Each annual installment will expire upon vesting and settlement thereof in exchange for an equal number of EPD common units.
- F3These phantom units vest in four equal annual installments beginning on February 18, 2016. Each annual installment will expire upon vesting and settlement thereof in exchange for an equal number of EPD common units.
- 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