SEC Form 4 · accession 0001209191-16-104275
BUCKEYE PARTNERS, L.P. · BPL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Todd J Russo
Officer — SVP and General Counsel
Period of report
Feb 29, 2016
Accepted (ET)
Mar 2, 2016 · 1:28 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 UnitsF1 | Feb 29, 2016 | S | 2,400 | $64.52 | D | 9,899 | D | |
| Limited Partner UnitsF2 | Mar 1, 2016 | M | 1,341 | — | A | 11,240 | D | |
| Limited Partner Units | Mar 1, 2016 | F | 423 | $64.19 | D | 10,817 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom UnitsF2 | — | Mar 1, 2016 | M | 1,341 | D | Mar 1, 2016 | Mar 1, 2016 | Limited Partner Units | 1,341 | 0 | D |
Explanation of responses
- F1The price reported in Column 4 is a weighted average price. These units were sold in multiple transactions at prices ranging from $64.51 to $64.585, inclusive. The reporting person undertakes to provide to Buckeye Partners, L.P., any security holder of BPL Partners, L.P., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of units sold at each separate price within the ranges set forth in footnote (1) to this Form 4.
- F2Each phantom unit is the economic equivalent of one limited partner unit of Buckeye Partners, L.P.