QR Energy, LP 4
4 · QR Energy, LP · Filed Nov 21, 2014
Insider Transaction Report
Form 4
VANLOH S WIL JR
Director10% Owner
Transactions
- Award
Class B Units
2014-11-19+7,391,201→ 7,391,201 total(indirect: See Footnote) - Disposition to Issuer
Class B Units
2014-11-19−7,391,201→ 0 total(indirect: See Footnote)
Footnotes (2)
- [F1]Pursuant to the Agreement and Plan of Merger dated as of July 23, 2014 (the "Merger Agreement"), by and among QR Energy, LP (the "Partnership"), QRE GP, LLC, Breitburn Energy Partners LP ("Breitburn"), Breitburn GP LLC, and Boom Merger Sub, LLC ("Merger Sub"), Merger Sub merged with and into the Partnership (the "Merger"), with the Partnership surviving the Merger and continuing as a wholly-owned subsidiary of Breitburn. Upon the November 19, 2014 closing of the Merger, each Class B unit of the Partnership was converted into the right to receive 0.9856 Breitburn common units, or in the case of fractional Breitburn units, cash (without interest and rounded up to the nearest whole cent) in an amount equal to the product of (i) such fractional part of a Breitburn unit multiplied by (ii) the average closing price for a Breitburn unit as reported on the NASDAQ for the ten consecutive full trading days ending at the close of trading on the full trading day immediately preceding November 19,
- [F2]Pursuant to the previously disclosed Contribution Agreement, dated March 2, 2014, by and among QR Energy, LP (the "Partnership"), QRE GP, LLC (the "General Partner"), QR Holdings (QRE), LLC ("QRH") and QR Energy Holdings, LLC ("QREH"), the General Partner distributed 3,826,393 Class B units to QRH and 2,307,165 Class B units to QREH. Reporting person owns an economic interest in QRH