SEC Form 4 · accession 0001209191-15-085726
BUCKEYE PARTNERS, L.P. · BPL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Clark C. Smith
Officer — Chair, CEO and President · Director
Period of report
Mar 11, 2015
Accepted (ET)
Dec 17, 2015 · 2:59 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000805022
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Limited Partner Units | Mar 11, 2015 | G | 5,000 | $0.00 | D | 46,416 | D | |
| Limited Partner Units | Mar 11, 2015 | G | 5,000 | $0.00 | D | 41,416 | D | |
| Limited Partner UnitsF2 | Mar 11, 2015 | G | 5,000 | $0.00 | A | 10,293 | I | Trust for son |
| Limited Partner UnitsF3 | Dec 15, 2015 | M | 11,410 | — | A | 52,826 | D | |
| Limited Partner Units | Dec 15, 2015 | F | 4,788 | $54.39 | D | 48,038 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom UnitsF3 | — | Dec 15, 2015 | M | 5,705 | D | Dec 15, 2015 | Dec 15, 2015 | Limited Partner Units | 5,705 | 5,705 | D |
| Phantom UnitsF3 | — | Dec 15, 2015 | M | 5,705 | D | Dec 15, 2015 | Dec 15, 2015 | Limited Partner Units | 5,705 | 0 | D |
Explanation of responses
- F1The transaction represents a gift of the securities to a trust for the benefit of the reporting person's son, who shares the reporting person's household.
- F2The reporting person disclaims beneficial ownership of these securities because the reporting person is not the trustee of the trust and does not exercise any control over the trustee or derive any economic benefit from the securities. This report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or any other purpose. Includes 293 units acquired through a distribution reinvestment plan.
- F3Each phantom unit is the economic equivalent of one limited partner unit of Buckeye Partners, L.P.