GRIFFITHS SCOTT A 4
4 · EnLink Midstream Partners, LP · Filed Jan 29, 2019
Insider Transaction Report
Form 4
GRIFFITHS SCOTT A
Director
Transactions
- Disposition to Issuer
Common Units
2019-01-25−28,630→ 0 total
Footnotes (3)
- [F1]The Reporting Person ceased to beneficially own the common units representing limited partner interests ("Common Units") in EnLink Midstream Partners, LP (the "Issuer") reported herein at the Effective Time (as defined below) of the merger (the "Merger") of NOLA Merger Sub, LLC ("Merger Sub") with and into the Issuer, with the Issuer surviving the merger as a subsidiary of EnLink Midstream, LLC ("ENLC"). The Merger was effected pursuant to the Agreement and Plan of Merger, dated as of October 21, 2018 (the "Merger Agreement"), by and among ENLC, EnLink Midstream Manager, LLC, Merger Sub, the Issuer, and EnLink Midstream GP, LLC. The Merger closed on January 25, 2019 and was effective as of 9:30 a.m. Central Time on that date (the "Effective Time").
- [F2](Continued from Footnote 1) At the Effective Time, (i) each Common Unit held by the Reporting Person immediately prior to the Merger converted into the right to receive 1.15 (the "Exchange Ratio") common units representing limited liability company interests in ENLC ("ENLC Common Units"), and (ii) as further described in the Merger Agreement, each Restricted Incentive Unit under the Issuer's long-term incentive plan (an "ENLK RIU") held by the Reporting Person immediately prior to the Merger converted into an award with respect to ENLC Common Units with substantially the same terms as such ENLK RIU, but subject to adjustment to take into account the Exchange Ratio.
- [F3]Following the Effective Time of the Merger, the Reporting Person no longer owns, directly or indirectly, any Common Units.