SEC Form 4 · accession 0001336047-16-000164
Boardwalk Pipeline Partners, LP · BWP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Stanley C Horton
Officer — President & CEO · Director
Period of report
Dec 23, 2016
Accepted (ET)
Dec 23, 2016 · 9:22 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 23, 2016 | M | 57,990 | — | A | 57,990 | D | |
| BWP (Common Units) | Dec 23, 2016 | D | 57,990 | $17.66 | 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 23, 2016 | M | 57,990 | D | Dec 23, 2016 | Dec 23, 2016 | BWP (Common Units) | 57,990 | 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 options and provisions in the reporting person's grant agreement.