Cheniere Energy Partners LP Holdings, LLC 4
4 · Cheniere Energy Partners, L.P. · Filed Aug 19, 2020
Insider Transaction Report
Form 4
CHENIERE ENERGY INC
10% Owner
Transactions
- Conversion
Common Units (Limited Partner Interests)
2020-08-17+135,383,831→ 239,872,500 total(indirect: See Footnote) - Conversion
Subordinated Units (Limited Partner Interests)
2020-08-17−135,383,831→ 0 total(indirect: See Footnote)→ Common Units (135,383,831 underlying)
Footnotes (3)
- [F1]On August 17, 2020, upon satisfaction of certain financial conditions for the conversion of the subordinated units representing limited partner interests of the Issuer ("Subordinated Units") set forth in the Issuer's Fourth Amended and Restated Agreement of Limited Partnership (the "Agreement"), all of the outstanding Subordinated Units converted into common units representing limited partner interests in the Issuer (the "Common Units") on a one-for-one basis, pursuant to the terms of the Agreement, for no additional consideration. Upon the conversion of all of the Subordinated Units to Common Units, the Subordination Period (as defined in the Agreement) automatically terminated.
- [F2]The Subordinated Units did not have an expiration date.
- [F3]The Common Units are, and Subordinated Units were, directly held by Cheniere Energy Partners LP Holdings, LLC, a wholly-owned subsidiary of Cheniere Energy, Inc.