Herman Robert A 4
4 · PHILLIPS 66 PARTNERS LP · Filed Mar 9, 2022
Insider Transaction Report
Form 4
Herman Robert A
DirectorVice President
Transactions
- Disposition to Issuer
Common Units
2022-03-09−25,000→ 0 total
Footnotes (1)
- [F1]Pursuant to that certain Agreement and Plan of Merger dated October 26, 2021 (the "Merger Agreement") by and among the Issuer, Phillips 66, Phoenix Sub LLC, a Delaware limited liability company and jointly owned subsidiary of P66 Company and P66 PDI ("Merger Sub") and the other parties thereto, on March 9, 2022, Merger Sub merged with and into the Issuer, with the Issuer surviving as an indirect, wholly owned subsidiary of Phillips 66 (the "Merger"). At the effective time of the Merger (the "Effective Time"), each outstanding Common Unit held by the Reporting Person was converted into the right to receive 0.500 shares (the "Exchange Ratio") of common stock, par value $0.01 per share, of Phillips 66 (the "Merger Consideration").