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Blackstone Infrastructure Associates L.P. 4

Accession 0000899243-19-020844

CIK 0001633651other

View on SEC.gov Company Profile

Filed

Jul 31, 8:00 PM ET

Accepted

Aug 1, 5:06 PM ET

Size

38.5 KB

Accession

0000899243-19-020844

Insider Transaction Report

Form 4

Period: 2019-07-30

Tallgrass Energy, LPTGE

SCHWARZMAN STEPHEN A

10% Owner

Transactions

Conversion
Class A shares
2019-07-30−66,931→ 1,127,935 total(indirect: See Footnotes)
Conversion
Obligation to Transfer
2019-07-30−1→ 0 total(indirect: See Footnotes)
→ Class A shares, Class B shares and TE units
Conversion
TE units
2019-07-30−150,439→ 2,301,283 total(indirect: See Footnotes)
→ Class A shares (150,439 underlying)
Conversion
Class B shares
2019-07-30−4,158,257→ 98,353,838 total(indirect: See Footnotes)
Conversion
Class B shares
2019-07-30−150,439→ 2,301,283 total(indirect: See Footnotes)
Conversion
TE units
2019-07-30−4,158,257→ 98,353,838 total(indirect: See Footnotes)
→ Class A shares (4,158,257 underlying)

Holdings

Class A shares
(indirect: See Footnotes)
21,751,018
Class A shares
(indirect: See Footnotes)
773,510

Blackstone Infrastructure Associates L.P.

10% Owner

Transactions

Conversion
Class B shares
2019-07-30−4,158,257→ 98,353,838 total(indirect: See Footnotes)
Conversion
TE units
2019-07-30−4,158,257→ 98,353,838 total(indirect: See Footnotes)
→ Class A shares (4,158,257 underlying)
Conversion
Class A shares
2019-07-30−66,931→ 1,127,935 total(indirect: See Footnotes)
Conversion
Class B shares
2019-07-30−150,439→ 2,301,283 total(indirect: See Footnotes)
Conversion
Obligation to Transfer
2019-07-30−1→ 0 total(indirect: See Footnotes)
→ Class A shares, Class B shares and TE units
Conversion
TE units
2019-07-30−150,439→ 2,301,283 total(indirect: See Footnotes)
→ Class A shares (150,439 underlying)

Holdings

Class A shares
(indirect: See Footnotes)
21,751,018
Class A shares
(indirect: See Footnotes)
773,510

BIA GP L.P.

10% Owner

Transactions

Conversion
Class A shares
2019-07-30−66,931→ 1,127,935 total(indirect: See Footnotes)
Conversion
Obligation to Transfer
2019-07-30−1→ 0 total(indirect: See Footnotes)
→ Class A shares, Class B shares and TE units
Conversion
TE units
2019-07-30−150,439→ 2,301,283 total(indirect: See Footnotes)
→ Class A shares (150,439 underlying)
Conversion
Class B shares
2019-07-30−4,158,257→ 98,353,838 total(indirect: See Footnotes)
Conversion
Class B shares
2019-07-30−150,439→ 2,301,283 total(indirect: See Footnotes)
Conversion
TE units
2019-07-30−4,158,257→ 98,353,838 total(indirect: See Footnotes)
→ Class A shares (4,158,257 underlying)

Holdings

Class A shares
(indirect: See Footnotes)
773,510
Class A shares
(indirect: See Footnotes)
21,751,018

BIA GP L.L.C.

10% Owner

Transactions

Conversion
Class A shares
2019-07-30−66,931→ 1,127,935 total(indirect: See Footnotes)
Conversion
Class B shares
2019-07-30−150,439→ 2,301,283 total(indirect: See Footnotes)
Conversion
Class B shares
2019-07-30−4,158,257→ 98,353,838 total(indirect: See Footnotes)
Conversion
Obligation to Transfer
2019-07-30−1→ 0 total(indirect: See Footnotes)
→ Class A shares, Class B shares and TE units
Conversion
TE units
2019-07-30−4,158,257→ 98,353,838 total(indirect: See Footnotes)
→ Class A shares (4,158,257 underlying)
Conversion
TE units
2019-07-30−150,439→ 2,301,283 total(indirect: See Footnotes)
→ Class A shares (150,439 underlying)

Holdings

Class A shares
(indirect: See Footnotes)
21,751,018
Class A shares
(indirect: See Footnotes)
773,510

Blackstone Holdings III L.P.

10% Owner

Transactions

Conversion
Class B shares
2019-07-30−4,158,257→ 98,353,838 total(indirect: See Footnotes)
Conversion
TE units
2019-07-30−4,158,257→ 98,353,838 total(indirect: See Footnotes)
→ Class A shares (4,158,257 underlying)
Conversion
TE units
2019-07-30−150,439→ 2,301,283 total(indirect: See Footnotes)
→ Class A shares (150,439 underlying)
Conversion
Class A shares
2019-07-30−66,931→ 1,127,935 total(indirect: See Footnotes)
Conversion
Class B shares
2019-07-30−150,439→ 2,301,283 total(indirect: See Footnotes)
Conversion
Obligation to Transfer
2019-07-30−1→ 0 total(indirect: See Footnotes)
→ Class A shares, Class B shares and TE units

Holdings

Class A shares
(indirect: See Footnotes)
21,751,018
Class A shares
(indirect: See Footnotes)
773,510

Prairie VCOC Acquiror LP

10% Owner

Transactions

Conversion
Class A shares
2019-07-30−66,931→ 1,127,935 total(indirect: See Footnotes)
Conversion
TE units
2019-07-30−150,439→ 2,301,283 total(indirect: See Footnotes)
→ Class A shares (150,439 underlying)
Conversion
Class B shares
2019-07-30−4,158,257→ 98,353,838 total(indirect: See Footnotes)
Conversion
Class B shares
2019-07-30−150,439→ 2,301,283 total(indirect: See Footnotes)
Conversion
Obligation to Transfer
2019-07-30−1→ 0 total(indirect: See Footnotes)
→ Class A shares, Class B shares and TE units
Conversion
TE units
2019-07-30−4,158,257→ 98,353,838 total(indirect: See Footnotes)
→ Class A shares (4,158,257 underlying)

Holdings

Class A shares
(indirect: See Footnotes)
773,510
Class A shares
(indirect: See Footnotes)
21,751,018

Blackstone Group Management L.L.C.

10% Owner

Transactions

Conversion
TE units
2019-07-30−4,158,257→ 98,353,838 total(indirect: See Footnotes)
→ Class A shares (4,158,257 underlying)
Conversion
TE units
2019-07-30−150,439→ 2,301,283 total(indirect: See Footnotes)
→ Class A shares (150,439 underlying)
Conversion
Class B shares
2019-07-30−4,158,257→ 98,353,838 total(indirect: See Footnotes)
Conversion
Class B shares
2019-07-30−150,439→ 2,301,283 total(indirect: See Footnotes)
Conversion
Class A shares
2019-07-30−66,931→ 1,127,935 total(indirect: See Footnotes)
Conversion
Obligation to Transfer
2019-07-30−1→ 0 total(indirect: See Footnotes)
→ Class A shares, Class B shares and TE units

Holdings

Class A shares
(indirect: See Footnotes)
773,510
Class A shares
(indirect: See Footnotes)
21,751,018

Blackstone Holdings III GP L.P.

10% Owner

Transactions

Conversion
Class B shares
2019-07-30−150,439→ 2,301,283 total(indirect: See Footnotes)
Conversion
Class B shares
2019-07-30−4,158,257→ 98,353,838 total(indirect: See Footnotes)
Conversion
Class A shares
2019-07-30−66,931→ 1,127,935 total(indirect: See Footnotes)
Conversion
Obligation to Transfer
2019-07-30−1→ 0 total(indirect: See Footnotes)
→ Class A shares, Class B shares and TE units
Conversion
TE units
2019-07-30−4,158,257→ 98,353,838 total(indirect: See Footnotes)
→ Class A shares (4,158,257 underlying)
Conversion
TE units
2019-07-30−150,439→ 2,301,283 total(indirect: See Footnotes)
→ Class A shares (150,439 underlying)

Holdings

Class A shares
(indirect: See Footnotes)
21,751,018
Class A shares
(indirect: See Footnotes)
773,510

Blackstone Holdings III GP Management L.L.C.

10% Owner

Transactions

Conversion
Class B shares
2019-07-30−4,158,257→ 98,353,838 total(indirect: See Footnotes)
Conversion
Obligation to Transfer
2019-07-30−1→ 0 total(indirect: See Footnotes)
→ Class A shares, Class B shares and TE units
Conversion
Class A shares
2019-07-30−66,931→ 1,127,935 total(indirect: See Footnotes)
Conversion
Class B shares
2019-07-30−150,439→ 2,301,283 total(indirect: See Footnotes)
Conversion
TE units
2019-07-30−4,158,257→ 98,353,838 total(indirect: See Footnotes)
→ Class A shares (4,158,257 underlying)
Conversion
TE units
2019-07-30−150,439→ 2,301,283 total(indirect: See Footnotes)
→ Class A shares (150,439 underlying)

Holdings

Class A shares
(indirect: See Footnotes)
773,510
Class A shares
(indirect: See Footnotes)
21,751,018

Blackstone Inc.

10% Owner

Transactions

Conversion
Class B shares
2019-07-30−4,158,257→ 98,353,838 total(indirect: See Footnotes)
Conversion
Obligation to Transfer
2019-07-30−1→ 0 total(indirect: See Footnotes)
→ Class A shares, Class B shares and TE units
Conversion
TE units
2019-07-30−150,439→ 2,301,283 total(indirect: See Footnotes)
→ Class A shares (150,439 underlying)
Conversion
TE units
2019-07-30−4,158,257→ 98,353,838 total(indirect: See Footnotes)
→ Class A shares (4,158,257 underlying)
Conversion
Class A shares
2019-07-30−66,931→ 1,127,935 total(indirect: See Footnotes)
Conversion
Class B shares
2019-07-30−150,439→ 2,301,283 total(indirect: See Footnotes)

Holdings

Class A shares
(indirect: See Footnotes)
21,751,018
Class A shares
(indirect: See Footnotes)
773,510

Footnotes (11)

[F1]Pursuant to an Equityholders' Agreement dated as of March 11, 2019 (the "Equity Holders Agreement"), affiliates of Blackstone Infrastructure Associates L.P. ("BIA") were required to transfer to affiliates of Enagas, S.A. ("Enagas"), promptly after the Committee on Foreign Investments in the United States ("CFIUS") approved Enagas making further investments in securities of Tallgrass Energy, LP ("TGE"), such affiliates' indirect interests in certain Class A shares representing limited partner interests ("Class A shares") in TGE, Class B shares representing limited partner interests ("Class B shares") in TGE and units representing membership interests ("TE units") in Tallgrass Equity, LLC, pursuant to the terms of the Equity Holders Agreement, as described below.
[F10]Each of the Reporting Persons, disclaims beneficial ownership of the securities held by the Acquiror LPs, except to the extent of such Reporting Person's pecuniary interest therein, and, pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, each of the Reporting Persons states that the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose or that any of the transactions reported herein are subject to Section 16.
[F11]Information with respect to each of the Reporting Persons is given solely by such Reporting Person, and no Reporting Person has responsibility for the accuracy or completeness of information supplied by another Reporting Person.
[F2]On July 30, 2019, promptly after the CFIUS approval described above was granted, and pursuant to the transfer obligations described above, affiliates of BIA disposed of (i) equity interests in affiliates of BIA representing BIA's indirect interest with respect to 66,931 Class A shares held by Prairie Secondary Acquiror E LP ("Secondary Acquiror 2") plus a corresponding percentage of Secondary Acquiror 2's capital in exchange for approximately $14.1 million, and BIA's indirect interest in 4,308,696 Class B shares and 4,308,696 TE units in exchange for $83.4 million plus the assumption of $40.7 million of debt, to affiliates of Enagas. There was no change in the aggregate number of Class A shares, Class B shares or TE units held by the Acquiror LPs (as defined below) as a result of these transfers, other than a transfer of 150,439 Class B shares and 150,439 TE units from Prairie VCOC Acquiror LP ("VCOC Acquiror") to Prairie ECI Acquiror LP ("ECI Acquiror").
[F3]These Class A shares are owned directly Secondary Acquiror 2.
[F4]These Class B shares and TE units are owned directly by Prairie ECI Acquiror LP ("ECI Acquiror").
[F5]These Class B shares and TE units are owned directly by Prairie VCOC Acquiror LP ("VCOC Acquiror").
[F6]These Class A shares are owned directly by Prairie Non-ECI Acquiror LP ("Non-ECI Acquiror").
[F7]These Class A shares are owned directly by Prairie Secondary Acquiror LP (together with Secondary Acquiror 2, ECI Acquiror, Non-ECI Acquiror and Secondary Acquiror, the "Acquiror LPs").
[F8]The general partner of BIA is BIA GP L.P. The general partner of BIA GP L.P. is BIA GP L.L.C. The sole member of BIA GP L.L.C. is Blackstone Holdings III L.P. The general partner of Blackstone Holdings III L.P. is Blackstone Holdings III GP L.P. The general partner of Blackstone Holdings III GP L.P. is Blackstone Holdings III GP Management L.L.C. The sole member of Blackstone Holdings III GP Management L.L.C. is The Blackstone Group Inc. (f/k/a The Blackstone Group L.P.). The sole holder of the Class C common stock of The Blackstone Group Inc. is Blackstone Group Management L.L.C. Blackstone Group Management L.L.C. is wholly-owned by Blackstone's senior managing directors and controlled by its founder, Stephen A. Schwarzman.
[F9]TE units may be exchanged by the holders thereof for an equivalent number of Class A shares and upon such exchange, an equivalent number of Class B shares held by such holder will be cancelled.

Documents

1 file

4
doc4.xmlPrimary
FORM 4 SUBMISSION

Issuer

Tallgrass Energy, LP

CIK 0001633651

→

Entity typeother

IncorporatedDE

Related Parties

filerCIK 0001770053

Filing Metadata

Form type: 4
Filed: Jul 31, 8:00 PM ET
Accepted: Aug 1, 5:06 PM ET
Size: 38.5 KB

View on SEC.gov