SUNOCO PARTNERS LLC 4
4 · SUNOCO LOGISTICS PARTNERS LP · Filed Jun 17, 2005
Insider Transaction Report
Form 4
SUNOCO PARTNERS LLC
10% Owner
Transactions
- Disposition to Issuer
Common Units
2005-06-17$35.91/sh−275,000$9,874,150→ 3,526,005 total
Footnotes (1)
- [F1]Sunoco Logistics Partners L.P. (the "Partnership"), sold 2.5 million of its common units, representing limited partnership interests, to the public, in an offering that closed on May 23, 2005 (the "Public Offering"). At that time, the Partnership granted underwriters an option, exercisable within 30 days, to purchase an additional 275,000 common units to cover over-allotments in connection with the Public Offering (the "Over-Allotment Option"). On June 17, 2005, the underwriters exercised the Over-Allotment Option, resulting in the issuance and sale of an additional 275,000 common units by the Partnership. Sunoco Partners LLC, the Partnership's general partner, then sold 275,000 common units to the Partnership and such units were redeemed by the Partnership at a price of $35.906 per common unit, representing the net proceeds received by the Partnership for a like number of common units issued and sold pursuant to the exercise of the Over-Allotment Option.