SEC Form 4 · accession 0001209191-18-055955
Energy Transfer Operating, L.P. · ETP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Matthew S. Ramsey
Officer — President & COO · Director
Period of report
Oct 19, 2018
Accepted (ET)
Oct 23, 2018 · 4:31 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 | 21,555 | — | D | 0 | D | |
| Restricted UnitsF2,F1 | Oct 19, 2018 | D | 259,223 | — | D | 0 | D |
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.
- F2Represents restricted units granted under the Energy Transfer Partners, L.P. Second Amended and Restated 2008 Long-Term Incentive Plan and/or the Energy Transfer Partners, L.P. Amended and Restated 2011 Long-Term Incentive Plan (the "Restricted Units") that vest periodically.