4//SEC Filing
Sailor Rodney 4
Accession 0000899243-21-046619
CIK 0001591763other
Filed
Dec 1, 7:00 PM ET
Accepted
Dec 2, 6:25 PM ET
Size
12.1 KB
Accession
0000899243-21-046619
Insider Transaction Report
Form 4
Sailor Rodney
Chief Financial Officer
Transactions
- Award
Common Units
2021-12-02+114,063→ 1,039,887 total - Disposition to Issuer
Common Units
2021-12-02−1,662,474→ 0 total - Award
Common Units
2021-12-02+251,660→ 1,291,547 total - Award
Common Units
2021-12-02+370,927→ 1,662,474 total
Footnotes (5)
- [F1]Represents common units to be received with respect to performance awards granted under the Issuer's Long Term Incentive Plan on March 1, 2019. On December 2, 2021, pursuant to the Agreement and Plan of Merger, dated February 16, 2021 (the "Merger Agreement"), (i) a direct wholly owned subsidiary of Energy Transfer LP ("Energy Transfer") merged with and into the Issuer, with the Issuer surviving as a wholly owned subsidiary of Energy Transfer (the "LP Merger"), and (ii) immediately following the LP Merger, another direct wholly owned subsidiary of Energy Transfer merged with and into Enable GP, LLC ("Enable GP"), with Enable GP surviving the merger as a direct wholly owned subsidiary of Energy Transfer (the "GP Merger" and together with the LP Merger, the "Merger").
- [F2](Continued from Footnote 1) Pursuant to the Merger Agreement, the achievement of performance criteria under each outstanding performance award of the Issuer granted on March 1, 2019 was determined to be the target level of performance applicable to such performance award as of the date immediately prior to the effective time of the Merger.
- [F3]Represents common units to be received with respect to performance awards granted under the Issuer's Long Term Incentive Plan on March 2, 2020. Pursuant to the Merger Agreement, the achievement of performance criteria under each outstanding performance award of the Issuer granted on March 2, 2020 was determined to be 113% of target, the level of performance applicable to such performance award as of the date immediately prior to the effective time of the Merger.
- [F4]Represents common units to be received with respect to performance awards granted under the Issuer's Long Term Incentive Plan on March 3, 2021. Pursuant to the Merger Agreement, the achievement of performance criteria under each outstanding performance award of the Issuer granted on March 3, 2021 was determined to be the target level of performance applicable to such performance award as of the date immediately prior to the effective time of the Merger.
- [F5]On December 2, 2021, pursuant to the Merger Agreement, (i) each eligible common unit issued and outstanding immediately prior to the effective time of the Merger was converted into the right to receive 0.8595 common units representing limited partnership interests in Energy Transfer (the "Energy Transfer common units"). On December 2, 2021, the closing price of the Energy Transfer common units was $8.32.
Documents
Issuer
Enable Midstream Partners, LP
CIK 0001591763
Entity typeother
Related Parties
1- filerCIK 0001374990
Filing Metadata
- Form type
- 4
- Filed
- Dec 1, 7:00 PM ET
- Accepted
- Dec 2, 6:25 PM ET
- Size
- 12.1 KB