Atlas Energy, L.P. 4
4 · Atlas Energy, L.P. · Filed Mar 3, 2015
Insider Transaction Report
Form 4
Arrendell Carlton M
Director
Transactions
- Disposition to Issuer
Phantom Units
2015-02-27−524→ 0 total→ Common Units (524 underlying) - Disposition to Issuer
Phantom Units
2015-02-27−1,658→ 0 total→ Common Units (1,658 underlying) - Disposition to Issuer
Phantom Units
2015-02-27−4,027→ 0 total→ Common Units (4,027 underlying) - Disposition to Issuer
Phantom Units
2015-02-27−1,251→ 0 total→ Common Units (1,251 underlying) - Disposition to Issuer
Common Units
2015-02-27−8,479→ 0 total - Disposition to Issuer
Phantom Units
2015-02-27−1,972→ 0 total→ Common Units (1,972 underlying)
Footnotes (2)
- [F1]In connection with the merger (the "ATLS Merger") of the Issuer with a subsidiary of Targa Resources Corp. ("TRC") pursuant to that certain Agreement and Plan of Merger, dated as of October 13, 2014, by and among TRC, Trident GP Merger Sub LLC, the Issuer and the general partner of the Issuer, on February 27, 2015, the Reporting Person received $9.12 in cash and 0.1809 in TRC shares for each common unit of the issuer owned by the Reporting Person.
- [F2]In connection with the ATLS Merger and the Issuer's distribution to its unitholders, effective February 27, 2015, of one Atlas Energy Group, LLC ("New Atlas") common unit for every two common units of the Issuer owned by the Reporting Person as of the close of business on February 25, 2015, these unvested phantom units, which vested in four equal annual installments beginning on the first anniversary of the grant date, were split into Issuer phantom units and New Atlas phantom units. On February 27, 2015, the Reporting Person received (i) $9.12 in cash and 0.1809 in TRC shares in exchange for each Issuer phantom unit and (ii) an amount of cash in respect of each New Atlas phantom unit, which such amount determined pursuant to the methodology set forth in the Employee Matters Agreement, dated as of February 26, 2014, by and among the Issuer, the Issuer's general partner and New Atlas.