SEC Form 4 · accession 0001209191-16-115103
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 2, 2016
Accepted (ET)
Apr 21, 2016 · 10:28 am EDT
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 2, 2016 | G | 5,000 | $0.00 | D | 85,183 | D | |
| Limited Partner Units | Mar 2, 2016 | G | 5,000 | $0.00 | D | 80,183 | D | |
| Limited Partner UnitsF2 | Mar 2, 2016 | G | 5,000 | $0.00 | A | 15,293 | I | Trust for son |
| Limited Partner UnitsF4 | Apr 19, 2016 | S | 10,000 | $71.0479 | D | 70,183 | D |
Table II — derivative securities
No Table II lines on this filing.
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.
- F3This transaction reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 19, 2016.
- F4The price reported in Column 4 is a weighted average price. These units were sold in multiple transactions at prices ranging from $71.00 to $71.17, 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 (4) to this Form 4.