4//SEC Filing
GFW IX, L.L.C. 4
Accession 0000899243-16-032738
CIK 0001617798other
Filed
Nov 2, 8:00 PM ET
Accepted
Nov 3, 5:50 PM ET
Size
22.8 KB
Accession
0000899243-16-032738
Insider Transaction Report
Form 4
G.F.W. Energy VIII, L.P.
10% Owner
Transactions
- Sale
Common Units (Limited Partner Interests)
2016-11-01$17.05/sh−2,127,704$36,277,353→ 0 total - Sale
Subordinated Units (Limited Partner Interests)
2016-11-01$17.05/sh+5,250,000$89,512,500→ 0 total→ Common Units (5,250,000 underlying)
MRD MIDSTREAM LLC
10% Owner
Transactions
- Sale
Common Units (Limited Partner Interests)
2016-11-01$17.05/sh−2,127,704$36,277,353→ 0 total - Sale
Subordinated Units (Limited Partner Interests)
2016-11-01$17.05/sh+5,250,000$89,512,500→ 0 total→ Common Units (5,250,000 underlying)
MRD Holdco LLC
10% Owner
Transactions
- Sale
Common Units (Limited Partner Interests)
2016-11-01$17.05/sh−2,127,704$36,277,353→ 0 total - Sale
Subordinated Units (Limited Partner Interests)
2016-11-01$17.05/sh+5,250,000$89,512,500→ 0 total→ Common Units (5,250,000 underlying)
NGP IX Offshore Holdings, L.P.
10% Owner
Transactions
- Sale
Subordinated Units (Limited Partner Interests)
2016-11-01$17.05/sh+5,250,000$89,512,500→ 0 total→ Common Units (5,250,000 underlying) - Sale
Common Units (Limited Partner Interests)
2016-11-01$17.05/sh−2,127,704$36,277,353→ 0 total
GFW IX, L.L.C.
10% Owner
Transactions
- Sale
Subordinated Units (Limited Partner Interests)
2016-11-01$17.05/sh+5,250,000$89,512,500→ 0 total→ Common Units (5,250,000 underlying) - Sale
Common Units (Limited Partner Interests)
2016-11-01$17.05/sh−2,127,704$36,277,353→ 0 total
Natural Gas Partners VIII, L.P.
10% Owner
Transactions
- Sale
Common Units (Limited Partner Interests)
2016-11-01$17.05/sh−2,127,704$36,277,353→ 0 total - Sale
Subordinated Units (Limited Partner Interests)
2016-11-01$17.05/sh+5,250,000$89,512,500→ 0 total→ Common Units (5,250,000 underlying)
Natural Gas Partners IX, L.P.
10% Owner
Transactions
- Sale
Common Units (Limited Partner Interests)
2016-11-01$17.05/sh−2,127,704$36,277,353→ 0 total - Sale
Subordinated Units (Limited Partner Interests)
2016-11-01$17.05/sh+5,250,000$89,512,500→ 0 total→ Common Units (5,250,000 underlying)
GFW VIII, L.L.C.
10% Owner
Transactions
- Sale
Common Units (Limited Partner Interests)
2016-11-01$17.05/sh−2,127,704$36,277,353→ 0 total - Sale
Subordinated Units (Limited Partner Interests)
2016-11-01$17.05/sh+5,250,000$89,512,500→ 0 total→ Common Units (5,250,000 underlying)
G.F.W. ENERGY IX, L.P.
10% Owner
Transactions
- Sale
Common Units (Limited Partner Interests)
2016-11-01$17.05/sh−2,127,704$36,277,353→ 0 total - Sale
Subordinated Units (Limited Partner Interests)
2016-11-01$17.05/sh+5,250,000$89,512,500→ 0 total→ Common Units (5,250,000 underlying)
Footnotes (4)
- [F1]On November 1, 2016, MRD Midstream LLC ("MRD") transferred and assigned to Energy Transfer Partners, L.P. ("ETP") all of its 2,127,704 common units and 5,250,000 subordinated units of PennTex Midstream Partners, LP in exchange for a combination of cash and ETP common units with a value equal to $135,869,853 pursuant to a contribution agreement entered into among such parties, among others, on October 24, 2016 ("Contribution Agreement"). After giving effect to the transactions contemplated by the Contribution Agreement, MRD no longer owns any interests in the Issuer.
- [F2]This Form 4 is filed jointly by MRD, MRD Holdco LLC ("MRD Holdco"), Natural Gas Partners VIII, L.P. ("NGP VIII"), Natural Gas Partners IX, L.P. ("NGP IX"), NGP IX Offshore Holdings, L.P. ("NGP IX Offshore"), GFW VIII, L.L.C. ("GFW VIII"), G.F.W. Energy VIII, L.P. ("GFW Energy VIII"), GFW IX, L.L.C. ("GFW IX"), G.F.W. Energy IX, L.P. ("GFW Energy IX") and NGP Energy Capital Management, L.L.C. ("NGP ECM") pursuant to the transactions resulting from the Contribution Agreement.
- [F3]MRD is a wholly owned subsidiary of MRD Holdco. NGP VIII, NGP IX and NGP IX Offshore own a controlling interest in MRD Holdco. GFW VIII is the sole general partner of GFW Energy VIII, which is the general partner of NGP VIII, and GFW IX is the sole general partner of GFW Energy IX, which is the general partner of NGP IX and NGP IX Offshore. GFW VIII has delegated full power and authority to manage NGP VIII, and GFW IX has delegated full power and authority to manage NGP IX and NGP IX Offshore, respectively, to NGP ECM. Accordingly, each of MRD, MRD Holdco, NGP VIII, NGP IX, NGP IX Offshore, GFW VIII, GFW Energy VIII, GFW IX, GFW Energy IX and NGP ECM may be deemed to share voting and dispositive power over the reported units, and therefore may also be deemed to be the beneficial owner of these units but disclaims such ownership except to the extent of its pecuniary interest.
- [F4]Subordinated units will convert into common units on a one-for-one basis as described in the Issuer's Registration Statement on Form S-1 (Registration No. 333-199020).
Documents
Issuer
PennTex Midstream Partners, LP
CIK 0001617798
Entity typeother
IncorporatedDE
Related Parties
1- filerCIK 0001597404
Filing Metadata
- Form type
- 4
- Filed
- Nov 2, 8:00 PM ET
- Accepted
- Nov 3, 5:50 PM ET
- Size
- 22.8 KB