SEC Form 4 · accession 0000899243-16-017967
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
Apr 8, 2016
Accepted (ET)
Apr 12, 2016 · 5:20 pm EDT
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 | Apr 8, 2016 | A | 9,056,136 | $45.96 | A | 229,131,442 | I | See footnotes |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On April 8, 2016, pursuant to the Common Purchase Unit Agreement, dated as of April 4, 2016, by and between the Issuer and Spectra Energy Corp ("Spectra Energy"), the Issuer agreed to issue and sell, and Spectra Energy agreed to purchase, through its wholly owned subsidiary, Spectra Energy Transmission, LLC ("SET"), 9,056,136 common units representing limited partnership interests in the Issuer, at a price per common unit of $45.96.
- F2As of April 8, 2016, giving effect to the reported transaction, SET owns a 56.8% limited partner interest in the Issuer. Spectra Energy Capital, LLC ("Spectra Energy Capital") owns 100% of SET and Spectra Energy owns 100% of Spectra Energy Capital. Accordingly, Spectra Energy, Spectra Energy Capital, and SET may be deemed to beneficially own all of the reported securities.
- F3As of April 8, 2016, Spectra Energy Partners (DE) GP, LP (the "General Partner") owns a 17.0% limited partner interest in the Issuer. Spectra Energy Partners GP, LLC ("SEP GP LLC") owns a 1% general partner interest in the General Partner, SET owns a 49.5% limited partner interest in the General Partner, and Spectra Energy Southeast Pipeline Corporation ("SE Southeast Pipeline") owns a 49.5% limited partner interest in the General Partner. SET owns 100% of each of SEP GP LLC and SE Southeast Pipeline, Spectra Energy Capital owns 100% of SET, and Spectra Energy owns 100% of Spectra Energy Capital. Accordingly, Spectra Energy, Spectra Energy 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.