4//SEC Filing
MARSHALL DAVID 4
Accession 0001140361-10-033476
CIK 0001075607other
Filed
Aug 12, 8:00 PM ET
Accepted
Aug 13, 7:03 PM ET
Size
6.8 KB
Accession
0001140361-10-033476
Insider Transaction Report
Form 4
TC PIPELINES LPTCLP
MARSHALL DAVID
Director
Transactions
- Award
Distribution Equivalent Rights for Deferred Share Units
2010-08-13+49→ 2,944 total→ Common units representing limited p/ship interests (49 underlying)
Footnotes (3)
- [F1]N/A - The distribution equivalent rights accrued on the number of Deferred Share Units ("DSUs") recorded in his account. Each distribution equivalent right is the economic equivalent of one DSU. Upon termination of board service, Common Units representing limited partnership interests may be purchased on the open market on behalf of Mr. Marshall whereby he would receive Common Units in a number equal to the number of DSUs recorded in his account less any applicable withholdings. Alternatively, Mr. Marshall may elect to receive the value of his DSU entitlement in cash. The cash payment amount shall be determined by multiplying the number of DSUs recorded in his account by the Fair Market Value of a Common Unit less any applicable withholdings.
- [F2]N/A - the DSUs are fully vested and are redeemable only following Mr. Marshall's termination of Board service.
- [F3]The distribution amount reflects the number of DSUs added to the director's share unit account as of the record date for the distribution. Pursuant to the Share Unit Plan for Non-Employee Directors (2007), the distribution amount is calculated based on the declared distribution multiplied by the number of share units in the account, divided by the market value of the common units on the payment date for such distribution.
Documents
Issuer
TC PIPELINES LP
CIK 0001075607
Entity typeother
Related Parties
1- filerCIK 0001208444
Filing Metadata
- Form type
- 4
- Filed
- Aug 12, 8:00 PM ET
- Accepted
- Aug 13, 7:03 PM ET
- Size
- 6.8 KB