SEC Form 4 · accession 0001572910-16-000117
PHILLIPS 66 PARTNERS LP · PSXP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Timothy Garth Taylor
Officer — President · Director
Period of report
Jun 27, 2016
Accepted (ET)
Jun 29, 2016 · 3:34 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001572910
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 | Jun 27, 2016 | J | 3,807 | $52.57 | A | 50,000 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On June 27, 2016, in connection with the termination of the Sharon K. Taylor 2014 Grantor Retained Annuity Trust and the Timothy G. Taylor 2014 Grantor Retained Annuity Trust with respect to which the reporting person serves as trustee and annuitant (each, a "GRAT", and together, the "GRATS"), and pursuant to the terms of the GRATS, the reporting person deposited $100,073.81 in cash into each GRAT, reflecting the appreciation in value of the Issuer units held in each GRAT during its two-year term, and in exchange therefor received 1,903.6296 units from each GRAT.
- F2The 3,807.2592 units were previously held by the reporting person indirectly through the GRATS and are now held directly by the reporting person.