SEC Form 4 · accession 0001209191-15-013592
Columbia Pipeline Partners LP · CPPL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
COLUMBIA ENERGY GROUP
Director · 10% Owner
Period of report
Feb 11, 2015
Accepted (ET)
Feb 13, 2015 · 4:36 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001420783
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Subordinated units (limited partner interests)F2,F1 | — | Feb 11, 2015 | J | 46,811,398 | A | — | — | Common units (limited partner interests) | 46,811,398 | 46,811,398 | D |
Explanation of responses
- F1Each subordinated unit will convert into one common unit at the end of the subordinated period described in the Registration Statement on Form S-1 (File No. 333-198990) of Columbia Pipeline Partners LP (the "Issuer"). The subordianated units have no expiration date.
- F2In connection with the initial public offering of the Issuer's common units and pursuant to that certain Contribution, Conveyance and Assumption Agreement, by and among the Issuer, Columbia Energy Group ("CEG"), and the other parties thereto, dated February 11, 2015, CEG contributed certain assets to the Issuer in exchange for 46,811,398 subordinated units representing a 46.5% limited partner interest in the Issuer.
Remarks
CEG has the right to appoint all of the directors of the Board of Directors of CPP GP LLC, the general partner of the Issuer. Therefore, CEG may be deemed a director by deputization.