SEC Form 4 · accession 0001209191-18-058541
Energy Transfer LP · ET
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ray C Davis
Director
Period of report
Nov 12, 2018
Accepted (ET)
Nov 14, 2018 · 4:36 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001276187
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Units | Nov 12, 2018 | P | 316,000 | $15.80 | A | 27,052,558 | D | |
| Common UnitsF1 | holding | — | — | — | 1,112,069 | I | By: RCD Stock Holdings, LLC | |
| Common UnitsF2 | holding | — | — | — | 1,941,721 | I | By: Avatar BW. Ltd. | |
| Common UnitsF3 | holding | — | — | — | 328,383 | I | By: ET Company, Ltd. | |
| Common UnitsF4 | holding | — | — | — | 51,701 | I | By: Avatar Holdings LLC | |
| Common UnitsF5 | holding | — | — | — | 15,987,283 | I | By: Linda Davis 2008 Family Trust | |
| Common UnitsF6 | holding | — | — | — | 121,117 | I | By: Avatar Stock Holdings, LP | |
| Common UnitsF7 | holding | — | — | — | 28,203,003 | I | By: Avatar ETC Stock Holdings, LLC | |
| Common UnitsF8 | holding | — | — | — | 3,557,757 | I | By: Avatar Investments, LP | |
| Common UnitsF9 | holding | — | — | — | 4,768,027 | I | By: Ray Davis 2008 Grandchildren's Trust | |
| Common UnitsF10 | holding | — | — | — | 4,768,027 | I | By: Linda Davis 2008 Grandchildren's Trust |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom UnitsF11 | — | holding | — | — | — | — | — | Common Units | 2,500 | 2,500 | D |
Explanation of responses
- F1The reported units are owned directly by RCD Stock Holdings, LLC, a limited liability company owned by Mr. Davis.
- F10The reported units are owned directly by the Linda Davis 2008 Grandchildren's Trust for the benefit of Mr. Davis' grandchildren. Mr. Davis' spouse is the trustee of the trust. Mr. Davis disclaims beneficial ownership of the reported units except to the extent of his pecuniary interest therein if any.
- F11An award of phantom units granted under the Amended and Restated Energy Transfer LP Long-Term Incentive Plan that will vest 60% on the third anniversary and 40% on the fifth anniversary of the award.
- F2The reported units are owned directly by Avatar BW, Ltd. a limited partnership, of which Mr. Davis is the owner of the general partner.
- F3The reported units are owned directly by ET Company, Ltd. The reported units represent the estimated pro rata interest of Mr. Davis in ET Company, Ltd. Mr. Davis disclaims beneficial ownership of the reported units except to the extent of his pecuniary interest therein.
- F4The reported units are owned directly by Avatar Holdings LLC, a limited liability company owned by Mr. Davis.
- F5The reported units are owned directly by the Linda Davis 2008 Family Trust for the benefit of Mr. Davis' family. Mr. Davis' spouse is trustee of the trust. Mr. Davis disclaims beneficial ownership of the reported units except to the extent of his pecuniary interest therein if any.
- F6The reported units are owned directly by Avatar Stock Holdings, LP, a limited partnership of which Mr. Davis is the owner of the general partner.
- F7The reported units are owned directly by Avatar ETC Stock Holdings LLC, a limited liability company owned by Mr. Davis.
- F8The reported units are owned directly by Avatar Investments, LP, a limited partnership, of which Mr. Davis is the owner of the general partner.
- F9The reported units are owned directly by the Ray Davis 2008 Grandchildren's Trust for the benefit of Mr. Davis' grandchildren. Mr. Davis is the trustee of the trust. Mr. Davis disclaims beneficial ownership of the reported units except to the extent of his pecuniary interest therein if any.