SEC Form 4/A · accession 0000899243-16-017320
Targa Resources Corp. · TRGP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
This is an amendment (Form 4/A). It replaces an earlier filing for the same period.
Reporting owner
Joe Bob Perkins
Officer — Chief Executive Officer · Director
Period of report
Feb 17, 2016
Accepted (ET)
Apr 1, 2016 · 4:29 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001389170
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Feb 17, 2016 | A | 48,122 | $0.00 | A | 422,685 | D | |
| Common Stock | Mar 31, 2016 | A | 7,713 | $0.00 | A | 430,398 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The performance element of performance unit awards, which also include time-based vesting, covering Targa Resources Partners LP ("TRP") common units was eliminated in connection with Targa Resources Corp.'s acquisition of TRP (the "Merger"), and the awards were converted into purely time-based awards covering common stock of Targa Resources Corp. The TRP performance unit awards were not required to be reported on a Form 4 prior to vesting and the converted awards were inadvertently omitted from the Form 4 filed in connection with the Merger. The Form 4 filed in connection with the Merger included the shares of common stock of Targa Resources Corp. that the reporting person received in exchange for the TRP common units the reporting person owned prior to the Merger.
- F2These shares reflect a downward rounding adjustment of one share to the number of shares of Targa Resources Corp. common stock that Mr. Perkins received upon conversion of TRP common units in connection with the closing of the Merger.