SEC Form 4 · accession 0000899243-17-011350
Midcoast Energy Partners, L.P. · MEP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
ENBRIDGE ENERGY CO INC
Director · 10% Owner
Period of report
Apr 27, 2017
Accepted (ET)
May 1, 2017 · 9:20 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001578685
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common Units representing limited partner interestsF1 | Apr 27, 2017 | A | 21,275,000 | $8.00 | A | 21,275,000 | D | |
| Class A Common Units representing limited partner interests | holding | — | — | — | 1,335,056 | I | By Enbridge Energy Partners, L.P. |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Pursuant to the Agreement and Plan of Merger, dated as of January 26, 2017, by and among the issuer, Midcoast Holdings, L.L.C., Enbridge Holdings (Leather) L.L.C., and the reporting person (the "Merger Agreement"), Enbridge Holdings (Leather) L.L.C., a wholly owned subsidiary of the reporting person, merged with and into the issuer, with the issuer surviving the merger (the "Merger"). The securities reported as acquired herein represent all Class A Common Units representing limited partner interests in the issuer (each, a "Class A Common Unit") issued and outstanding immediately prior to the effective time of the Merger (the "Effective Time"), other than Class A Common Units held by the reporting person, Enbridge Energy Partners, L.P. and their respective affiliates, which were converted in the Merger into the right to receive $8.00 in cash without interest.