SEC Form 4 · accession 0000899243-15-007487
Spectra Energy Partners, LP · SEP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owners
Spectra Energy Capital, LLC
10% Owner
Spectra Energy Corp.
10% Owner · Other
Spectra Energy Partners GP, LLC
10% Owner
Spectra Energy Partners (DE) GP, LP
10% Owner
Spectra Energy Transmission, LLC
10% Owner
Period of report
Oct 30, 2015
Accepted (ET)
Nov 3, 2015 · 5:48 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001394074
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common units representing limited partner interestsF1,F2,F3 | Oct 30, 2015 | D | 21,560,000 | — | D | 220,058,534 | I | See footnotes |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On October 30, 2015, in connection with the closing contemplated by that certain Exchange and Redemption Agreement, dated October 18, 2015, between Spectra Energy Corp ("SE Corp") and the Issuer, Spectra Energy Partners (DE) GP, LP (the "General Partner") conveyed 21,560,000 common units and 440,000 general partner units in the Issuer (the "Unit Consideration") to subsidiaries of the General Partner, which transferred the Unit Consideration to subsidiaries of the Issuer as partial consideration for the Issuer's sale of its 33.335% membership interest in DCP Sand Hills Pipeline, LLC and 33.335% membership interest in DCP Southern Hills Pipeline, LLC.
- F2The General Partner is a wholly-owned subsidiary of SE Corp, and the amount of common units beneficially owned by SE Corp gives effect to the reported transactions.
- F3As of October 30, 2015, the General Partner owns a 17.8% LP interest in the Issuer. Spectra Energy Partners GP, LLC ("SEP GP LLC") owns a 1% GP interest in the General Partner, and Spectra Energy Southeast Pipeline Corporation ("SE Southeast Pipeline") owns a 99% LP interest in the General Partner. SE Southeast Pipeline owns 100% of SEP GP LLC, Spectra Energy Transmission, LLC ("SET") owns 100% of SE Southeast Pipeline, Spectra Energy Capital, LLC ("Spectra Capital") owns 100% of SET, and SE Corp owns 100% of Spectra Capital. Accordingly, SE Corp, Spectra Capital, SET, SE Southeast Pipeline, SEP GP LLC and the General Partner may be deemed to beneficially own some or all of the reported securities.