SEC Form 4 · accession 0001209191-19-011511
ENTERPRISE PRODUCTS PARTNERS L P · EPD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard H Bachmann
Director
Period of report
Feb 18, 2019
Accepted (ET)
Feb 20, 2019 · 4:14 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 18, 2019 | M | 150,000 | — | A | 1,521,338 | D | |
| Common Units Representing Limited Partnership Interests | Feb 18, 2019 | F | 59,025 | $28.54 | D | 1,462,313 | D | |
| Common Units Representing Limited Partnership Interests | holding | — | — | — | 9,588 | 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 UnitsF1,F2 | — | Feb 18, 2019 | M | 150,000 | D | — | — | Common Units | 150,000 | 0 | D |
| Phantom UnitsF1,F3 | — | holding | — | — | — | — | — | Common Units | 204,015 | 204,015 | D |
| Phantom UnitsF1,F4 | — | holding | — | — | — | — | — | Common Units | 150,000 | 150,000 | D |
| Phantom UnitsF1,F5 | — | holding | — | — | — | — | — | Common Units | 177,000 | 177,000 | D |
| Phantom UnitsF7,F1,F6 | — | holding | — | — | — | — | — | Common Units | 220,000 | 220,000 | 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 on February 18, 2019. These phantom units will expire upon vesting and settlement thereof in exchange for an equal number of EPD common units.
- F3These phantom units vest on February 16, 2020. These phantom units will expire upon vesting and settlement thereof in exchange for an equal number of EPD common units.
- F4These phantom units vest on February 16, 2021. These phantom units will expire upon vesting and settlement thereof in exchange for an equal number of EPD common units.
- F5These phantom units vest on February 16, 2022. These phantom units will expire upon vesting and settlement thereof in exchange for an equal number of EPD common units.
- F6These phantom units vest on February 16, 2023. These phantom units will expire upon vesting and settlement thereof in exchange for an equal number of EPD common units.
- F7The 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