SEC Form 4 · accession 0001209191-19-011521
ENTERPRISE PRODUCTS PARTNERS L P · EPD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
W Randall Fowler
Officer — President and CFO · Director
Period of report
Feb 16, 2019
Accepted (ET)
Feb 20, 2019 · 4:18 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 16, 2019 | M | 31,237 | — | A | 958,735 | D | |
| Common Units Representing Limited Partnership Interests | Feb 16, 2019 | F | 12,292 | $28.54 | D | 946,443 | D | |
| Common Units Representing Limited Partnership InterestsF1 | Feb 16, 2019 | M | 28,000 | — | A | 974,443 | D | |
| Common Units Representing Limited Partnership Interests | Feb 16, 2019 | F | 11,018 | $28.54 | D | 963,425 | D | |
| Common Units Representing Limited Partnership InterestsF1 | Feb 16, 2019 | M | 34,025 | — | A | 997,450 | D | |
| Common Units Representing Limited Partnership Interests | Feb 16, 2019 | F | 13,389 | $28.54 | D | 984,061 | D | |
| Common Units Representing Limited Partnership InterestsF1 | Feb 18, 2019 | M | 20,000 | — | A | 1,004,061 | D | |
| Common Units Representing Limited Partnership Interests | Feb 18, 2019 | F | 7,870 | $28.54 | D | 996,191 | D | |
| Common Units Representing Limited Partnership InterestsF2 | holding | — | — | — | 510,000 | I | By Three Streams Partners, LP |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom UnitsF1,F3 | — | Feb 18, 2019 | M | 20,000 | D | — | — | Common Units | 20,000 | 0 | D |
| Phantom UnitsF1,F4 | — | Feb 16, 2019 | M | 31,237 | D | — | — | Common Units | 31,237 | 31,237 | D |
| Phantom UnitsF1,F5 | — | Feb 16, 2019 | M | 28,000 | D | — | — | Common Units | 28,000 | 56,000 | D |
| Phantom UnitsF1,F6 | — | Feb 16, 2019 | M | 34,025 | D | — | — | Common Units | 34,025 | 102,075 | D |
| Phantom UnitsF8,F1,F7 | — | holding | — | — | — | — | — | Common Units | 176,000 | 176,000 | D |
Explanation of responses
- F1Each phantom unit is the economic equivalent of one Enterprise Products Partners L.P. ("EPD") common unit.
- F2The reporting person disclaims beneficial ownership of EPD common units held by Three Streams Partners, LP except to the extent of his pecuniary interest therein.
- F3These phantom units vest in one remaining annual installment on February 18, 2019. 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 16, 2019. 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, 2019. 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, 2019. 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, 2020. 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 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