SEC Form 4 · accession 0001209191-15-084023
MPLX LP · MPLX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Nancy Buese
Officer — Exec VP and CFO
Period of report
Dec 4, 2015
Accepted (ET)
Dec 8, 2015 · 5:11 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001552000
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Units (Limited Partner Interests)F1,F2 | Dec 4, 2015 | A | 106,754 | — | A | 106,754 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Received in exchange for 97,941 MarkWest Energy Partners, L.P. ("MarkWest") common units, including converted phantom units, in connection with the merger of Sapphire Holdco LLC, a wholly owned subsidiary of the Issuer, with and into MarkWest on December 4, 2015, with MarkWest as the surviving entity (the "Merger"). The Merger consideration for this transaction was 1.09 Issuer common units plus $6.20 in cash per MarkWest common unit or phantom unit converted in connection with the Merger, with cash paid in lieu of fractional units.
- F2On the effective date of the Merger, the closing price of the Issuer's common units was $30.83 per unit.
Remarks
The Reporting Person is the Executive Vice President and Chief Financial Officer of MPLX GP LLC, the general partner of the Issuer. The Issuer is managed by the directors and executive officers of MPLX GP LLC.