SEC Form 4 · accession 0001209191-16-139113
WILLIAMS PARTNERS L.P. · WPZ
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owners
WILLIAMS COMPANIES INC
Director · 10% Owner
WILLIAMS GAS PIPELINE CO LLC
Director · 10% Owner
Period of report
Aug 26, 2016
Accepted (ET)
Aug 30, 2016 · 3:34 pm EDT
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 | Aug 26, 2016 | A | 6,975,446 | $35.84 | A | 346,639,534 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On August 26, 2016, pursuant to a private placement agreement, The Williams Companies, Inc. ("Williams") purchased 6,975,446 common units from Williams Partners L.P. ("Partnership") at a cost per common unit of $35.84, which is equal to the average of the high and low trading prices of the Partnership's common units on the NYSE for each of the five trading days from August 19 to August 25, 2016, less a discount of 2.5% per common unit, which price per common unit was calculated using the same method and discount that initially will be used to determine the price of the common units pursuant to the Partnership's anticipated distribution re-investment plan.
- F2The Williams Companies, Inc. indirectly beneficially owns (a) 346,639,534 Common Units held by Williams Gas Pipeline Company, LLC ("WGP"), a wholly owned subsidiary of Williams (b) the incentive distribution rights in the Partnership (c) the 2% general partner interest in the Partnership, and (d) 16,314,835 Class B Units held by WGP, which is all of the Class B Units outstanding.