SEC Form 4 · accession 0001336047-16-000167
Boardwalk Pipeline Partners, LP · BWP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Steven A Barkauskas
Officer — SVP, Controller & CAO
Period of report
Dec 23, 2016
Accepted (ET)
Dec 23, 2016 · 9:23 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 | 278 | — | A | 278 | D | |
| BWP (Common Units) | Dec 23, 2016 | F | 278 | $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 | 278 | D | Dec 23, 2016 | Dec 23, 2016 | BWP (Common Units) | 228 | 8,582 | D |
Explanation of responses
- F1Each share of phantom units is the equivalent of one share of BWP common units. This payment represents settlement of amounts accelerated and withheld to satisfy applicable tax withholding obligations related to the December 1, 2016, vesting event for which the reporting person elected to defer payment until December 2017 pursuant to the payment options and provisions in the reporting person's grant agreement.