SEC Form 4 · accession 0000899243-18-031371
Spectra Energy Partners, LP · SEP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William T. Yardley
Officer — President & Chairman · Director
Period of report
Dec 17, 2018
Accepted (ET)
Dec 18, 2018 · 8:57 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 UnitsF1,F2 | Dec 17, 2018 | D | 684 | — | D | 0 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On December 17, 2018, pursuant to the Agreement and Plan of Merger, dated as of August 24, 2018 (the "Merger Agreement"), by and among Spectra Energy Partners, LP ("SEP"), Spectra Energy Partners (DE) GP, LP, Enbridge Inc. ("Enbridge"), Enbridge (U.S.) Inc., Autumn Acquisition Sub, LLC ("Merger Sub"), and solely for the purposes of Articles I, II and XI, Enbridge US Holdings Inc., Spectra Energy Corp, Spectra Energy Capital, LLC and Spectra Energy Transmission, LLC, Merger Sub merged with and into SEP (the "Merger"), with SEP surviving the Merger as a wholly owned subsidiary of Enbridge.
- F2Pursuant to the Merger Agreement, at the effective time of the Merger, each common unit representing limited partner interests in SEP (each, an "SEP Common Unit") issued and outstanding immediately prior to the effective time of the Merger, other than certain excluded SEP Common Units owned by Enbridge and its subsidiaries, was converted into, and became exchangeable for, 1.111 shares of Enbridge common stock. On December 14, 2018 (the last trading day prior to consummation of the Merger), the closing price of one share of Enbridge common stock was $31.95.