4//SEC Filing
CORNELIUS SIGMUND L 4
Accession 0001209191-19-044083
CIK 0001507615other
Filed
Jul 31, 8:00 PM ET
Accepted
Aug 1, 5:53 PM ET
Size
6.7 KB
Accession
0001209191-19-044083
Insider Transaction Report
Form 4
CORNELIUS SIGMUND L
Director
Transactions
- Disposition to Issuer
Common Units (Limited Partner Interests)
2019-07-30−5,247.341→ 0 total
Footnotes (3)
- [F1]On July 30, 2019 (the "Effective Time"), pursuant to the Agreement and Plan of Merger, dated as of May 7, 2019 (the "Merger Agreement"), by and among the Issuer, MPLX LP ("MPLX"), Tesoro Logistics GP, LLC, MPLX GP LLC and MPLX MAX LLC ("Merger Sub"), Merger Sub merged with and into the Issuer (the "Merger"), with the Issuer surviving the Merger as a wholly owned subsidiary of MPLX.
- [F2]Pursuant to the Merger Agreement, at the Effective Time, each common unit representing a limited partner interest in the Issuer held by the Reporting Person was converted into the right to receive 1.135 common units (the "Public Unitholder Exchange Ratio") representing limited partner interests in MPLX. The closing price of common units representing limited partner interests in MPLX on July 29, 2019, which was the last complete trading day prior to the Effective Time, was $28.51 as reported on the New York Stock Exchange ("NYSE").
- [F3]Pursuant to the Merger Agreement, each phantom unit of the Issuer held by the Reporting Person was converted, at the Effective Time, into the right to receive a cash payment equal to (i) the number of common units representing limited partner interests in the Issuer subject to such phantom units, whether or not vested, multiplied by (ii) the product of (A) the Public Unitholder Exchange Ratio and (B) $31.02645 (which amount represents the average of the volume weighted average price per unit of common units representing limited partner interests in MPLX on the NYSE on each of the ten (10) consecutive trading days ending with the complete trading day immediately prior to July 30, 2019).
Documents
Issuer
ANDEAVOR LOGISTICS LP
CIK 0001507615
Entity typeother
Related Parties
1- filerCIK 0001409860
Filing Metadata
- Form type
- 4
- Filed
- Jul 31, 8:00 PM ET
- Accepted
- Aug 1, 5:53 PM ET
- Size
- 6.7 KB