SEC Form 4 · accession 0000899243-18-021697
ANDEAVOR LOGISTICS LP · ANDX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Period of report
Aug 6, 2018
Accepted (ET)
Aug 8, 2018 · 5:14 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001507615
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 | Aug 6, 2018 | A | 28,283,742 | — | A | 156,173,128 | I | See Footnote |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Pursuant to the Contribution, Conveyance and Assumption Agreement dated August 6, 2018 (the "Contribution Agreement") among Andeavor ("Andeavor"), Western Refining Southwest, Inc. ("WRS") and certain other subsidiaries of Andeavor, on the one hand, and the Issuer and certain subsidiaries of the Issuer, on the other hand, WRS, Andeavor's indirect wholly owned subsidiary, contributed certain assets to the Issuer in exchange for 28,283,742 common units representing limited partner interests in the Issuer ("Common Units") and $300.0 million in cash.
- F2Andeavor and its subsidiaries (other than the general partner of the Issuer) have consolidated ownership of all Common Units that they own in WRS as part of an internal reorganization. As a result, 15,620,925 Common Units previously reported as directly owned by Andeavor are now reflected as indirectly owned by Andeavor. Additionally, as a result of the internal reorganization, WRS now also directly and indirectly owns 100% of the membership interests in the General Partner.
- F3(Continued from footnote 2) As WRS is an indirect wholly owned subsidiary of Andeavor, Andeavor may be deemed to beneficially own the 88,624,852 Common Units directly owned by the General Partner and the 67,548,276 Common Units owned directly by WRS, but disclaims beneficial ownership of such securities except to the extent of its pecuniary interest therein. WRS may be deemed to beneficially own the 88,624,852 Common Units directly owned by the General Partner, but disclaims beneficial ownership of such securities except to the extent of its pecuniary interest therein.