SEC Form 4 · accession 0001209191-16-089260
Energy Transfer Operating, L.P. · ETP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Basil Leon Bray
Director
Period of report
Dec 31, 2015
Accepted (ET)
Jan 5, 2016 · 6:11 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001161154
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Units | Dec 31, 2015 | M | 4,978 | $0.00 | A | 6,978 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted UnitsF1,F2 | — | Dec 31, 2015 | M | 4,978 | D | — | — | Common Units | 4,978 | 8,324 | D |
| Restricted UnitsF3,F1,F4 | — | Jan 4, 2016 | A | 3,900 | A | — | — | Common Units | 3,900 | 12,224 | D |
Explanation of responses
- F1Each Restricted Unit represents a contingent right to receive one Common Unit of SXL.
- F2Not applicable.
- F3This Form 4 is being filed to report a grant of Restricted Units pursuant to the Sunoco Partners LLC ("Company") Amended and Restated Long-Term Incentive Plan ("LTIP") in a transaction exempt under Rule 16b-3. These restricted units vest ratably in increments of sixty percent after three years and the additional forty percent after five years. Incremental settlement is contingent only upon the individual continuing as a Director of the Company through the end of each vesting cycle.
- F4The Restricted Units will vest incrementally over five years contingent only upon the individual continuing as a Director of the Company through the end of each vesting cycle.