SEC Form 4 · accession 0001336047-15-000090
Boardwalk Pipeline Partners, LP · BWP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael E McMahon
Officer — Sr. VP, Gen. Counsel & Sec
Period of report
Dec 24, 2015
Accepted (ET)
Dec 28, 2015 · 10:54 am EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001336047
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| BWP (Common Units)F1 | Dec 24, 2015 | M | 10,222 | — | A | 10,222 | D | |
| BWP (Common Units) | Dec 24, 2015 | D | 10,222 | $11.75 | D | 0 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom UnitsF1 | — | Dec 24, 2015 | M | 10,222 | A | Dec 24, 2015 | Dec 24, 2015 | BWP (Common Units) | 10,222 | 0 | D |
Explanation of responses
- F1Each share of phantom units is the equivalent of one share of BWP common units. The reporting person settled his shares of phantom units for cash pursuant to the payment provisions in the reporting person's grant agreement.