SEC Form 4 · accession 0000899243-16-013885
Enable Midstream Partners, LP · ENBL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Period of report
Feb 18, 2016
Accepted (ET)
Feb 19, 2016 · 5:46 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001591763
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| 10% Series A Preferred Units | Feb 18, 2016 | P | 14,520,000 | $25.00 | A | 14,520,000 | D | |
| Common Units Representing Limited Partner InterestsF2 | holding | — | — | — | 94,151,707 | I | See Footnote |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On January 28, 2016, CenterPoint Energy, Inc. ("CenterPoint Energy") and Enable Midstream Partners, LP (the "Issuer") entered into that certain Purchase Agreement, pursuant to which on February 18, 2016 CenterPoint Energy purchased these 14,520,000 units of 10% Series A Fixed-to-Floating Non-Cumulative Redeemable Perpetual Preferred Units (the "Series A Preferred Units") representing limited partner interests in the Issuer for a purchase price of $25.00 per Series A Preferred Unit.
- F2CenterPoint Energy indirectly owns all of the outstanding equity interests in CenterPoint Energy Resources Corp. ("CERC"), an indirect wholly-owned subsidiary of CenterPoint Energy, which is the record holder of the common units and subordinated units of the Issuer. CenterPoint Energy may be deemed the beneficial owner of all common and subordinated units held by CERC. As of February 18, 2016, CenterPoint Energy, through CERC, holds 94,151,707 common units, representing a 22.3% limited partner interest in the Issuer and 139,704,916 subordinated units, representing a 33.1% interest in the Issuer, for a combined 55.4% limited partner interest in the Issuer.