SEC Form 4 · accession 0001209191-18-010102
ENTERPRISE PRODUCTS PARTNERS L P · EPD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Aj Teague
Officer — Chief Executive Officer · Director
Period of report
Feb 12, 2018
Accepted (ET)
Feb 14, 2018 · 6:06 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 12, 2018 | A | 49,145 | $0.00 | A | 1,511,321 | D | |
| Common Units Representing Limited Partnership Interests | holding | — | — | — | 53,000 | I | By Trust | |
| Common Units Representing Limited Partnership Interests | holding | — | — | — | 11,300 | I | By Spouse |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom UnitsF8,F2,F7 | — | Feb 12, 2018 | A | 162,600 | A | — | — | Common Units | 162,600 | 162,600 | D |
| Phantom UnitsF2,F3 | — | holding | — | — | — | — | — | Common Units | 35,500 | 35,500 | D |
| Phantom UnitsF2,F4 | — | holding | — | — | — | — | — | Common Units | 60,350 | 60,350 | D |
| Phantom UnitsF2,F5 | — | holding | — | — | — | — | — | Common Units | 120,750 | 120,750 | D |
| Phantom UnitsF2,F6 | — | holding | — | — | — | — | — | Common Units | 140,000 | 140,000 | D |
Explanation of responses
- F1Includes common units that were acquired under the issuer's employee unit purchase plan. Gives effect to transfers made pursuant to a domestic relations order.
- F2Each phantom unit is the economic equivalent of one Enterprise Products Partners L.P. ("EPD") common unit.
- F3These phantom units vest in one remaining annual installment on February 19, 2018. The remaining annual installment will expire upon vesting and settlement thereof in exchange for an equal number of EPD common units.
- F4These phantom units vest in two remaining equal annual installments beginning on February 18, 2018. Each remaining annual installment will expire upon vesting and settlement thereof in exchange for an equal number of EPD common units.
- F5These phantom units vest in three remaining equal annual installments beginning on February 16, 2018. Each remaining annual installment will expire upon vesting and settlement thereof in exchange for an equal number of EPD common units.
- F6These phantom units vest in four equal annual installments beginning on February 16, 2018. Each annual installment will expire upon vesting and settlement thereof in exchange for an equal number of EPD common units.
- F7These phantom units vest in four equal annual installments beginning on February 16, 2019. Each annual installment will expire upon vesting and settlement thereof in exchange for an equal number of EPD common units.
- F8The power of attorney under which this form was signed is on file with the Commission.
Remarks
Transaction Code A - Grant, award or other acquisition pursuant to Rule 16b-3(d)