4//SEC Filing
WILLIAMS GAS PIPELINE CO LLC 4
Accession 0001209191-18-006637
CIK 0001483096other
Filed
Feb 1, 7:00 PM ET
Accepted
Feb 2, 10:10 AM ET
Size
9.4 KB
Accession
0001209191-18-006637
Insider Transaction Report
Form 4
WILLIAMS GAS PIPELINE CO LLC
Director10% Owner
Transactions
- Award
Convertible Class B Units
2018-02-02+271,008→ 18,124,096 totalExercise: $0.00→ Common Units (271,008 underlying)
WILLIAMS COMPANIES INC
Director10% Owner
Transactions
- Award
Convertible Class B Units
2018-02-02+271,008→ 18,124,096 totalExercise: $0.00→ Common Units (271,008 underlying)
Footnotes (4)
- [F1]Class B Units are convertible on a one-for-one basis into Common Units at the election of the holder or the Partnership pursuant to the Partnership's Second Amended and Restated Agreement of Limited Partnership (the "Partnership Agreement").
- [F2]Reflects the number of Class B Units issued to WGP as a Class B Unit Distribution (as defined below) on February 9, 2018, the payment date for the Partnership's cash distribution on Common Units with respect to the fourth quarter of 2017. The record date for the distribution was February 2, 2018.
- [F3]Pursuant to the Partnership Agreement, Class B Units receive additional paid-in-kind Class B Units in lieu of cash for each distribution period that distributions are made with respect to the Partnership's Common Units (each a "Class B Unit Distribution"). The number of Class B Units to be issued with respect to each Class B Unit outstanding in connection with a Class B Unit Distribution is the quotient of (i) the amount of the distribution declared for a Common Unit for the applicable distribution period divided by (ii) the volume-weighted average trading price of a Common Unit calculated over the consecutive 30-day trading day period prior to the declaration date for the distribution. The Partnership will round the Class B Units issued down to the next lower whole Class B Unit and pay cash instead of issuing fractional units or round to the next higher whole Class B Unit.
- [F4]Giving effect to each of the transactions described herein, Williams indirectly beneficially owns (a) 702,218,502 Common Units held by WGP, a wholly owned subsidiary of Williams, and (b) 18,124,096 Convertible Class B Units ("Class B Units") representing limited partner interests in the Partnership held by WGP, which is all of the Class B Units outstanding.
Documents
Issuer
WILLIAMS PARTNERS L.P.
CIK 0001483096
Entity typeother
IncorporatedDE
Related Parties
1- filerCIK 0001423889
Filing Metadata
- Form type
- 4
- Filed
- Feb 1, 7:00 PM ET
- Accepted
- Feb 2, 10:10 AM ET
- Size
- 9.4 KB