SEC Form 4 · accession 0001237769-17-000002
PLAINS ALL AMERICAN PIPELINE LP · PAA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Victor Burk
Director
Period of report
Feb 23, 2017
Accepted (ET)
Feb 27, 2017 · 7:25 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001070423
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom Units Under LTIP PlanF1,F2,F3,F4 | — | Feb 23, 2017 | A | 20,000 | A | — | — | Common Units | 20,000 | 20,000 | D |
Explanation of responses
- F1This award replaces a previous award for 12,016 Phantom Class A shares of Plains GP Holdings, L.P. ("PAGP"); the previous PAGP award has been cancelled.
- F2One Common Unit is deliverable, upon vesting, for each Phantom Unit that vests.
- F325% phantom units vest annually on the August distribution date, with an automatic re-grant of equivalent amount.
- F4Upon termination of service as director, other than because of death, disability or retirement.