SEC Form 4 · accession 0000899243-18-016859
Tallgrass Energy, LP · TGE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William R. Moler
Officer — See Remarks · Director
Period of report
Jun 14, 2018
Accepted (ET)
Jun 15, 2018 · 7:37 pm EDT
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,F2 | Jun 14, 2018 | J | 1,403,766 | — | A | 1,403,766 | I | See footnote |
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, LLCF1,F3,F2 | — | Jun 14, 2018 | J | 1,403,766 | D | — | — | Class A Shares | 1,403,766 | 1,403,765 | I |
Explanation of responses
- F1The Class A shares of the Issuer ("Class A Shares") reported herein were issued to the Reporting Person upon the exercise of his right to exchange his TEGP Tracking Units ("TEGP Tracking Units") in Tallgrass KC, LLC, a private Delaware limited liability company ("Tallgrass KC"), for an equivalent number of Class A Shares (the "Exchange Right") pursuant to Tallgrass KC's limited liability company agreement. The issuance of Class A Shares by the Issuer in connection with the Reporting Person's exercise of his Exchange Right does not dilute outstanding Class A Shares because an exercise proportionately reduces Tallgrass KC's Class B shares of the Issuer and Units representing limited liability company interests in Tallgrass Equity, LLC ("Tallgrass Equity") and proportionately increases the Issuer's ownership of Tallgrass Equity.
- F2The Reporting Person owns the Class A Shares and the TEGP Tracking Units reported herein through the William R. Moler Revocable Trust U.T.A. dated August 27, 2013, for which the Reporting Person serves as trustee. The Reporting Person disclaims beneficial ownership of the TEGP Tracking Units reported herein except to the extent of his pecuniary interest therein.
- F3The TEGP Tracking Units constitute derivative securities as described herein.
Remarks
Executive Vice President and Chief Operating Officer