SEC Form 4 · accession 0001209191-15-010821
WILLIAMS PARTNERS L.P. · WPZ
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Walter J Bennett
Officer — Senior Vice President
Period of report
Feb 2, 2015
Accepted (ET)
Feb 9, 2015 · 4:20 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001483096
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common UnitsF1,F2,F3 | Feb 2, 2015 | J | 3,397 | — | A | 58,615 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On February 2, 2015, pursuant to an Agreement and Plan of Merger dated as of October 24, 2014 by and among Access Midstream Partners, L.P. (the "Partnership"), Access Midstream Partners GP, L.L.C., (the "General Partner") VHMS LLC, Williams Partners L.P. ("Legacy WPZ") and Williams Partners GP LLC, (the "Merger Agreement"), the General Partner caused the Partnership to effect a subdivision, on February 2, 2015, of each ACMP Common Unit into 1.06152 ACMP Common Units prior to the Merger Exchange (the "Common Unit Split"). The amount reported reflects the Common Unit Split. Such transaction is exempt from reporting under Rule 16a-9 of the Securities Exchange Act of 1934.
- F2The General Partner was additionally required to adjust outstanding Restricted Stock Units ("RSUs") consistent with the Common Unit Split (the "RSU Adjustment"). The amount reported reflects RSU Adjustment. Such transaction is exempt from reporting under Rule 16a-9 of the Securities Exchange Act of 1934.
- F3Includes 49,845 RSUs which convert to Common Units upon vesting on a 1 for 1 basis and vests (i) 16.7% on each of the second and third anniversaries of July 16, 2014 and (ii) the remaining 66.6% on the fourth anniversary of July 16, 2014, subject to the reporting person's continued employment through the applicable vesting date.