4//SEC Filing
Hollis William J 4
Accession 0001209191-19-054852
CIK 0000805022other
Filed
Nov 3, 7:00 PM ET
Accepted
Nov 4, 3:35 PM ET
Size
40.3 KB
Accession
0001209191-19-054852
Insider Transaction Report
Form 4
Transactions
- Disposition to Issuer
Phantom Units
2019-11-01$41.50/sh−4,253$176,500→ 0 total→ Limited Partner Units (4,253 underlying) - Award
Performance Units
2019-11-01$48.29/sh+11,457$553,259→ 11,457 total→ Limited Partner Units (11,457 underlying) - Disposition to Issuer
Performance Units
2019-11-01$48.29/sh−11,457$553,259→ 0 total→ Limited Partner Units (11,457 underlying) - Disposition to Issuer
Performance Units
2019-11-01$53.30/sh−8,504$453,263→ 0 total→ Limited Partner Units (8,504 underlying) - Disposition to Issuer
Phantom Units
2019-11-01$41.50/sh−9,220$382,630→ 0 total→ Limited Partner Units (9,220 underlying) - Disposition to Issuer
Phantom Units
2019-11-01$41.50/sh−4,530$187,995→ 0 total→ Limited Partner Units (4,530 underlying) - Disposition to Issuer
Limited Partner Units
2019-11-01$41.50/sh−29,570$1,227,155→ 0 total - Disposition to Issuer
Phantom Units
2019-11-01$41.50/sh−5,663$235,015→ 0 total→ Limited Partner Units (5,663 underlying) - Disposition to Issuer
Phantom Units
2019-11-01$41.50/sh−4,530$187,995→ 0 total→ Limited Partner Units (4,530 underlying) - Disposition to Issuer
Phantom Units
2019-11-01$41.50/sh−5,729$237,754→ 0 total→ Limited Partner Units (5,729 underlying) - Disposition to Issuer
Phantom Units
2019-11-01$41.50/sh−5,663$235,015→ 0 total→ Limited Partner Units (5,663 underlying) - Disposition to Issuer
Phantom Units
2019-11-01$41.50/sh−4,451$184,717→ 0 total→ Limited Partner Units (4,451 underlying) - Disposition to Issuer
Phantom Units
2019-11-01$41.50/sh−4,451$184,717→ 0 total→ Limited Partner Units (4,451 underlying) - Award
Performance Units
2019-11-01$43.75/sh+18,440$806,750→ 18,440 total→ Limited Partner Units (18,440 underlying) - Disposition to Issuer
Performance Units
2019-11-01$43.75/sh−18,440$806,750→ 0 total→ Limited Partner Units (18,440 underlying) - Award
Performance Units
2019-11-01$53.30/sh+8,504$453,263→ 8,504 total→ Limited Partner Units (8,504 underlying)
Footnotes (5)
- [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.
- [F3]On February 5, 2019, the Reporting Person was granted 18,440 performance units ("Performance Units"). Pursuant to the Merger Agreement, these Performance Units were cancelled in exchange for a cash payment of $41.50 per unit, without interest, plus the value of accumulated but unpaid distribution equivalent rights with respect to such unit as of November 1, 2019.
- [F4]On February 6, 2018, the Reporting Person was granted 11,457 performance units ("Performance Units"). Pursuant to the Merger Agreement, these Performance Units were cancelled in exchange for a cash payment of $41.50 per unit, without interest, plus the value of accumulated but unpaid distribution equivalent rights with respect to such unit as of November 1, 2019.
- [F5]On February 7, 2017, the Reporting Person was granted 8,504 performance units ("Performance Units"). Pursuant to the Merger Agreement, these Performance Units were cancelled in exchange for a cash payment of $41.50 per unit, without interest, plus the value of accumulated but unpaid distribution equivalent rights with respect to such unit as of November 1, 2019.
Documents
Issuer
BUCKEYE PARTNERS, L.P.
CIK 0000805022
Entity typeother
Related Parties
1- filerCIK 0001612200
Filing Metadata
- Form type
- 4
- Filed
- Nov 3, 7:00 PM ET
- Accepted
- Nov 4, 3:35 PM ET
- Size
- 40.3 KB