SEC Form 4 · accession 0001615619-17-000038
PLAINS GP HOLDINGS LP · PAGP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Al Swanson
Officer — Executive. VP & CFO
Period of report
May 26, 2017
Accepted (ET)
May 26, 2017 · 4:04 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001581990
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Shares representing limited partner interests | May 26, 2017 | M | 433,620 | $0.00 | A | 1,351,839 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Class A Units/Class B shares/GP UnitsF1 | $0.00 | May 26, 2017 | M | 433,620 | D | — | — | Class A Shares | 433,620 | 0 | D |
Explanation of responses
- F1Pursuant to the limited partnership agreement of Plains AAP, L.P. ("AAP"), a holder of Class A Units of AAP (the "Class A Units") and Class B shares (the "Class B shares") of Plains GP Holdings, L.P. (the "Issuer"), has the right at any time (without expiration) to exchange its Class A Units, together with a like number of associated Class B shares and GP Units in PAA GP Holdings LLC, for an equal number of Class A shares of the Issuer (the "Class A shares"). On 5/26/2017, the Reporting Person elected to exchange 433,620 Class A Units, Class B shares and GP Units for 433,620 Class A shares.