4//SEC Filing
McKinley Mark C. 4
Accession 0001209191-19-054844
CIK 0000805022other
Filed
Nov 3, 7:00 PM ET
Accepted
Nov 4, 3:21 PM ET
Size
8.2 KB
Accession
0001209191-19-054844
Insider Transaction Report
Form 4
McKinley Mark C.
Director
Transactions
- Disposition to Issuer
Phantom Units
2019-11-01$41.50/sh−3,583$148,695→ 0 total→ Limited Partner Units (3,583 underlying) - Disposition to Issuer
Limited Partner Units
2019-11-01$41.50/sh−28,000$1,162,000→ 0 total
Footnotes (2)
- [F1]On November 1, 2019, affiliates of IFM Global Infrastructure Fund ("IFM") acquired Buckeye Partners, L.P. ("BPL") pursuant to that certain Agreement and Plan of Merger, dated as of May 10, 2019, among BPL, Hercules Intermediate Holdings LLC, a Delaware limited liability company and a wholly owned subsidiary of IFM, Hercules Merger Sub LLC, a Delaware limited liability company and a wholly owned subsidiary of IFM ("Merger Sub"), Buckeye Pipe Line Services Company, a Pennsylvania corporation, and Buckeye GP LLC, a Delaware limited liability company (the "Merger Agreement"). In accordance with the Merger Agreement, BPL will merge with and into Merger Sub (the "Merger") with BPL surviving the Merger as a wholly owned subsidiary of IFM. At the effective time of the Merger, each outstanding limited partnership unit representing limited partner interests in BPL was converted into the right to receive $41.50 in cash, without interest.
- [F2]Pursuant to the Merger Agreement, on November 1, 2019, these phantom units were cancelled in exchange for a cash payment of $41.50 per unit, without interest. Each phantom unit is the economic equivalent of one limited partner unit of BPL.
Documents
Issuer
BUCKEYE PARTNERS, L.P.
CIK 0000805022
Entity typeother
Related Parties
1- filerCIK 0001414679
Filing Metadata
- Form type
- 4
- Filed
- Nov 3, 7:00 PM ET
- Accepted
- Nov 4, 3:21 PM ET
- Size
- 8.2 KB