Atlas Energy, L.P. 4
4 · Atlas Energy, L.P. · Filed Mar 3, 2015
Insider Transaction Report
Form 4
MCGRATH SEAN P
Chief Accounting Officer
Transactions
- Disposition to Issuer
Common Units
2015-02-27−126,980→ 0 total - Disposition to Issuer
Unit Option
2015-02-27−16,314→ 0 totalExercise: $20.75Exp: 2016-11-10→ Common Units (16,314 underlying) - Disposition to Issuer
Unit Option
2015-02-27−38,067→ 0 totalExercise: $20.44Exp: 2021-03-25→ Common Units (38,067 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 unit options were split into Issuer unit options and New Atlas unit options. On February 27, 2015, the Reporting person received (i) $9.12 in cash and 0.1809 in TRC shares in exchange for each Issuer unit option and (ii) an amount of cash in respect of each New Atlas unit option, with 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.