SEC Form 4 · accession 0001357371-16-000354
Breitburn Energy Partners LP · BBEPQ
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Halbert S Washburn
Officer — Chief Executive Officer · Director
Period of report
May 24, 2016
Accepted (ET)
May 26, 2016 · 7:29 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001357371
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common UnitsF1,F2,F3 | May 24, 2016 | S | 6,515 | $0.1686 | D | 0 | I | Held by Trust |
| Common UnitsF1,F2 | May 24, 2016 | S | 35,710 | $0.1686 | D | 0 | I | Held by Children |
| Common UnitsF1,F4 | holding | — | — | — | 839,106 | D | ||
| Common UnitsF1,F5,F6 | holding | — | — | — | 0 | I | The Strand Energy Company |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Common Units representing limited partner interests ("common units").
- F2This transaction was executed in multiple trades at prices ranging from $0.1673 to $0.1701, inclusive. The price reported above reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of common units and prices at which the transactions were effected.
- F3The reported common units are owned directly by the Halbert S. Washburn Living Trust, and Mr. Washburn has the power and authority to dispose of the common units and, accordingly, may be deemed to be the beneficial owner of such common units.
- F4Holdings include 333,237 units of Breitburn Energy Partners LP distributed by The Strand Energy Company ("TSEC") to Mr. Washburn on March 21, 2016. These units represent his 48% owernship share of the units previously held by TSEC.
- F5On March 21, 2016, The Strand Energy Company distributed all of its units of Breitburn Energy Partners LP to its owners.
- F6The reported common units are owned directly by The Strand Energy Company of which Mr. Washburn is the 48% owner. The Reporting Person disclaims beneficial ownership of the reported securities, except to the extent of his pecuniary interest therein.