SEC Form 4 · accession 0000899243-18-003420
Tallgrass Energy, LP · TGE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Christopher R. Jones
Officer — See Remarks
Period of report
Feb 7, 2018
Accepted (ET)
Feb 9, 2018 · 6:37 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001633651
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A SharesF1 | holding | — | — | — | 35,000 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| TEGP Tracking Units in Tallgrass KC, LLCF2,F3 | — | Feb 7, 2018 | J | 34,862 | A | — | — | Class A Shares | 34,862 | 311,948 | D |
Explanation of responses
- F1Represents 35,000 unvested Equity Participation Shares ("EPSs") granted to the Reporting Person, which vest on May 12, 2019.
- F2In connection with the merger of Tallgrass Development, LP, a private Delaware limited partnership, with and into a wholly-owned subsidiary of Tallgrass Equity, LLC, a private Delaware limited liability company ("Tallgrass Equity") on February 7, 2018, Tallgrass KC, LLC, a private Delaware limited liability company ("Tallgrass KC"), received Class B Shares of Issuer and Units of Tallgrass Equity as consideration in the merger. In accordance with the terms of Tallgrass KC's limited liability company agreement, the Reporting Person's interest in Tallgrass KC was automatically adjusted to reflect the Reporting Person's proportionate interest in the additional Class B Shares and Tallgrass Equity units received by Tallgrass KC, which are reflected as an additional 34,862 TEGP Tracking Units. Pursuant to Tallgrass KC's limited liability company agreement, the Reporting Person may exchange his TEGP Tracking Units in Tallgrass KC for an equivalent number of Class A Shares of the Issuer.
- F3The TEGP Tracking Units constitute derivative securities as described herein.
Remarks
Vice President, General Counsel and Secretary