4//SEC Filing
Burnett William B 4
Accession 0001104659-24-056693
CIK 0001110805other
Filed
May 2, 8:00 PM ET
Accepted
May 3, 8:38 AM ET
Size
8.3 KB
Accession
0001104659-24-056693
Insider Transaction Report
Form 4
Burnett William B
Director
Transactions
- Disposition to Issuer
Common Units
2024-05-03−15,143→ 0 total - Disposition to Issuer
Common Units
2024-05-03−44,753→ 0 total(indirect: By Trust)
Footnotes (3)
- [F1]Represents units (including in respect of units underlying the NuStar Restricted Unit Awards (as defined in the Agreement and Plan of Merger (the "Merger Agreement") by and among NuStar Energy L.P., Sunoco LP, Saturn Merger Sub, LLC, Riverwalk Logistics, L.P., NuStar GP, LLC and Sunoco GP LLC, dated as of January 22, 2024)) disposed in connection with the Merger Agreement.
- [F2]In accordance with the Merger Agreement, upon the Effective Time (as defined in the Merger Agreement), (a) each NuStar common unit that was outstanding immediately prior to the Effective Time converted into the right to receive 0.400 units (the Exchange Ratio) of Sunoco LP common units and, if applicable, cash in lieu of fractional units and (b) each NuStar Restricted Unit Award that was outstanding immediately prior to the Effective Time became fully vested and was cancelled and converted into the right to receive (i) a number of Sunoco LP common units equal to the product of (A) the number of NuStar common units subject to such NuStar Restricted Unit Award immediately prior to the Effective Time, multiplied by (B) 0.400 and (ii) a cash payment equal to the product of (A) the number of NuStar common units subject to such NuStar Restricted Unit Award immediately prior to the Effective Time multiplied by (B) $0.212 (the per-unit amount of the Special Distribution).
- [F3]Represents units disposed in connection with the Merger Agreement. In accordance with the Merger Agreement, upon the Effective Time, each NuStar common unit that was outstanding immediately prior to the Effective Time converted into the right to receive 0.400 units (the Exchange Ratio) of Sunoco LP common units and, if applicable, cash in lieu of fractional units.
Documents
Issuer
NuStar Energy L.P.
CIK 0001110805
Entity typeother
Related Parties
1- filerCIK 0001368758
Filing Metadata
- Form type
- 4
- Filed
- May 2, 8:00 PM ET
- Accepted
- May 3, 8:38 AM ET
- Size
- 8.3 KB