SEC Form 4 · accession 0001209191-19-008969
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
Feb 10, 2019
Accepted (ET)
Feb 11, 2019 · 4:41 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 10, 2019 | M | 31,158 | — | A | 210,822 | D | |
| Limited Partner Units | Feb 10, 2019 | F | 11,529 | $30.64 | D | 199,293 | D | |
| Limited Partner UnitsF2 | holding | — | — | — | 15,293 | I | Trust for son |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom UnitsF1 | — | Feb 10, 2019 | M | 31,158 | D | Feb 10, 2019 | Feb 10, 2019 | Limited Partner Units | 31,158 | 0 | D |
Explanation of responses
- F1Each phantom unit is the economic equivalent of one limited partner unit of Buckeye Partners, L.P.
- 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.