SEC Form 4 · accession 0001104659-15-041639
EnLink Midstream Partners, LP · ENLK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Acacia Natural Gas Corp I, Inc.
10% Owner
Period of report
May 27, 2015
Accepted (ET)
May 28, 2015 · 5:22 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001179060
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Class E Common UnitsF1 | — | May 27, 2015 | J | 36,629,888 | A | — | — | Common Units | 36,629,888 | 36,629,888 | D |
Explanation of responses
- F1On May 27, 2015, the Issuer entered into and consummated a Contribution and Transfer Agreement with Acacia Natural Gas Corp I, Inc. ("Acacia"), pursuant to which Acacia sold a 25% limited partner interest in EnLink Midstream Holdings, LP to the Issuer in exchange for 36,629,888 Class E Common Units of the Issuer (the "Class E Common Units"). The Class E Common Units (i) are substantially similar in all respects to the Issuer's Common Units, except that they will only be entitled to a pro rata distribution for the fiscal quarter ended June 30, 2015 ("Q2 2015") and (ii) will automatically convert into Common Units on a one-for-one basis on the first business day following the record date for distribution payments with respect to Q2 2015.
Remarks
Acacia is part of a group that includes EnLink Midstream, Inc., EnLink Midstream, LLC, EnLink Midstream Manager, LLC, Devon Energy Corporation (''Devon'') and certain of Devon's wholly-owned subsidiaries that collectively own more than 10% of the outstanding units of the Issuer. Acacia disclaims beneficial ownership of any securities other than those reported above.