SEC Form 4 · accession 0001209191-18-061290
ENTERPRISE PRODUCTS PARTNERS L P · EPD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Graham W. Bacon
Officer — Executive Vice President
Period of report
Dec 3, 2016
Accepted (ET)
Dec 6, 2018 · 4:40 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001061219
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Class B limited partner interest in EPD IVF1,F2,F3 | — | Dec 3, 2018 | J | 0 | A | — | — | Common Units | — | 0 | D |
Explanation of responses
- F1The reporting person is an owner of a Class B limited partner interest in EPD 2018 Unit IV L.P. ("EPD IV"), a Delaware limited partnership established for the benefit of certain employees of Enterprise Products Company ("EPCO"). EPD IV owns directly 6,400,000 common units representing limited partner interests in Enterprise Products Partners L.P. ("Common Units"). EPCO Holdings, Inc. ("EPCO Holdings"), a wholly owned subsidiary of EPCO, is the sole Class A limited partner and EPCO is the general partner of EPD IV. The reporting person acquired the Class B limited partner interest in EPD IV from a grant of such interest by EPCO, in its capacity as general partner of EPD IV, in accordance with its limited partnership agreement.
- F2Within 30 days after December 3, 2023 (or an earlier vesting date), EPD IV will be liquidated and expects to distribute to the Class A limited partner a total number of Common Units having a fair market value equal to $172,928,000 (the fair market value (as defined) of the Common Units calculated as of December 3, 2018). Any remaining Common Units will be either distributed to the Class B limited partners in kind, or sold with the resulting proceeds distributed, pro rata relative to their share in EPD IV. The Class B limited partner interest is subject to forfeiture.
- F3The power of attorney under which this form was signed is on file with the Commission.
Remarks
Transaction Code J - Other acquisition or disposition (describe transaction)