SEC Form 4 · accession 0000899243-18-023926
Enable Midstream Partners, LP · ENBL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
CENTERPOINT ENERGY RESOURCES CORP
10% Owner
Period of report
Sep 4, 2018
Accepted (ET)
Sep 6, 2018 · 4:35 pm EDT
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 |
|---|---|---|---|---|---|---|---|---|
| Common Units Representing Limited Partner InterestsF2,F1 | Sep 4, 2018 | J | 233,856,623 | — | D | 0 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1This Form 4 is being filed by CenterPoint Energy Resources Corp. ("CERC"). CenterPoint Energy, Inc. ("CenterPoint Energy") indirectly owns all of the outstanding equity interests in CERC, which, prior to the Internal Spin (as defined below), was the record holder of the common units of Enable Midstream Partners, LP (the "Issuer"). CenterPoint Energy may be deemed the beneficial owner of all common units held by CERC. Pursuant to the Internal Spin, CERC is filing this "exit" Form 4 to report that it is no longer the beneficial owner or record holder of securities of the Issuer. CNP Midstream (as defined below) is filing a separate Form 3 to report beneficial ownership of securities of the Issuer in connection with the Internal Spin. The Internal Spin did not involve any purchase or sale of securities of the Issuer (Blau v. Mission Corp., 212. F.2d 77, 79 (2d Cir. 1954)).
- F2On September 4, 2018, CERC entered into a Contribution Agreement, by and between CERC and CenterPoint Energy Midstream, Inc., a wholly owned subsidiary of CERC ("CNP Midstream"), pursuant to which CERC contributed all of the common units of the Issuer held by CERC, to CNP Midstream. Immediately following such contribution, CERC distributed all of its interest in CNP Midstream to Utility Holding, LLC ("Utility Holding"), CERC's sole stockholder and a wholly owned subsidiary of CenterPoint Energy. Utility Holding then distributed all of its interest in CNP Midstream to CenterPoint Energy, its sole member (collectively, such transactions, the "Internal Spin"). Pursuant to the Internal Spin, CNP Midstream, a wholly owned subsidiary of CenterPoint Energy, became the sole record holder of the common units of the Issuer. CenterPoint Energy may be deemed the beneficial owner of all common units held by CNP Midstream.