4//SEC Filing
O'Toole Joseph 4
Accession 0000899243-22-010229
CIK 0001572910other
Filed
Mar 8, 7:00 PM ET
Accepted
Mar 9, 5:23 PM ET
Size
9.6 KB
Accession
0000899243-22-010229
Insider Transaction Report
Form 4
O'Toole Joseph
Director
Transactions
- Disposition to Issuer
Common Units
2022-03-09−10,000→ 0 total - Disposition to Issuer
Common Units
2022-03-09−25,000→ 0 total(indirect: By Partnership) - Disposition to Issuer
Phantom Units
2022-03-09−7,495→ 0 total→ Common Units (7,495 underlying)
Footnotes (2)
- [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").
- [F2]At the Effective Time, each of the outstanding equity awards held the Reporting Person became fully vested and automatically converted into the right to receive, with respect to each Common Unit subject thereto, the Merger Consideration (or, to the extent set forth under the terms of the applicable award, cash in an amount equal to the value of the Merger Consideration based on the closing price of a share of Phillips 66 Common Stock as of the closing date of the Merger) plus any accrued but unpaid amounts in relation to distribution equivalent rights.
Documents
Issuer
PHILLIPS 66 PARTNERS LP
CIK 0001572910
Entity typeother
Related Parties
1- filerCIK 0001582059
Filing Metadata
- Form type
- 4
- Filed
- Mar 8, 7:00 PM ET
- Accepted
- Mar 9, 5:23 PM ET
- Size
- 9.6 KB