Bird J Richard 4
4 · ENBRIDGE ENERGY MANAGEMENT L L C · Filed Dec 20, 2018
Insider Transaction Report
Form 4
Bird J Richard
Director
Transactions
- Disposition to Issuer
Limited Voting Shares Representing LLC Interests
2018-12-20−140,268.83→ 0 total(indirect: Bird Investment Holdings III, a controlled investment holding company)
Footnotes (2)
- [F1]On December 20, 2018, pursuant to the Agreement and Plan of Merger, dated as of September 17, 2018 (the "Merger Agreement"), by and among Enbridge Energy Management, L.L.C. ("EEQ"), Enbridge Inc. ("Enbridge"), Winter Acquisition Sub I, Inc. ("Merger Sub"), and solely for the purposes of Article I, Section 2.4 and Article X, Enbridge Energy Company, Inc., Merger Sub merged with and into EEP (the "Merger"), with EEQ surviving the Merger as a wholly owned subsidiary of Enbridge.
- [F2]Pursuant to the Merger Agreement, at the effective time of the Merger, each limited voting share representing limited liability company interests in EEQ (each, an "EEQ Listed Share") issued and outstanding immediately prior to the effective time of the Merger, other than certain excluded EEQ Listed Shares owned by Enbridge and its subsidiaries, was converted into, and became exchangeable for, 0.335 shares of Enbridge common stock. On December 19, 2018 (the last trading day prior to consummation of the Merger), the closing price of one share of Enbridge common stock was $31.32.