Shell Midstream Partners, L.P. 4
4 · Shell Midstream Partners, L.P. · Filed Feb 17, 2017
Insider Transaction Report
Form 4
Shell Pipeline Co LP
10% Owner
Transactions
- Conversion
Common units representing limited partner interests
2017-02-15+67,475,068→ 88,950,136 total(indirect: See footnote) - Conversion
Subordinated units representing limited partner interests
2017-02-15−67,475,068→ 0 total(indirect: See footnote)Exercise: $0.00→ Common units representing limited partner interests (67,475,068 underlying)
Footnotes (2)
- [F1]This Form 4 is being filed jointly by Shell Pipeline Company LP ("SPLC"), Shell Midstream LP Holdings LLC ("LP Holdco") and Shell Midstream Partners GP LLC (the "General Partner"). LP Holdco and the General Partner are wholly owned subsidiaries of SPLC. Accordingly, SPLC may be deemed to indirectly beneficially own securities of Shell Midstream Partners, L.P. (the "Partnership") owned directly by LP Holdco and the General Partner.
- [F2]Represents the conversion of 67,475,068 subordinated units representing limited partner interests in the Partnership, which were converted into common units representing limited partner interests in the Partnership on a one-to-one basis upon expiration of the subordination period as set forth in the Partnership's First Amended and Restated Agreement of Limited Partnership.