SEC Form 4 · accession 0001209191-18-055953
Energy Transfer Operating, L.P. · ETP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kelcy L Warren
Officer — Chief Executive Officer · Director
Period of report
Oct 19, 2018
Accepted (ET)
Oct 23, 2018 · 4:28 pm EDT
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 UnitsF1 | Oct 19, 2018 | D | 4,287,442 | — | D | 0 | D | |
| Common UnitsF1,F2 | Oct 19, 2018 | D | 27,535,127 | — | D | 0 | I | By: Energy Transfer Equity, L.P. |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Disposition in connection with the merger of a wholly owned subsidiary of Energy Transfer Equity, L.P. ("ETE") with Energy Transfer Partners, L.P. ("ETP"), with ETP continuing as the surviving entity and becoming a wholly owned subsidiary of ETE (the "Merger"). On October 18, 2018, the last trading day for the ETP common units, the closing price of ETP's common units was $21.47 per unit and the closing price of ETE's common units was $16.82 per unit. Each ETP common unit outstanding was converted into the right to receive 1.28 ETE common units. As part of the Merger, ETE changed its name to "Energy Transfer LP" and its common units began trading on the New York Stock Exchange ("NYSE") under the "ET" ticker symbol when the market opened on Friday, October 19, 2018.
- F2The reporting person is Chairman of the Board of LE GP, LLC (the "General Partner"), which is the general partner of Energy Transfer Equity, L.P. and he holds an 81.2% membership interest in the General Partner. The Reporting Person disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein, if any.