4//SEC Filing
Malecky Robert A 4
Accession 0001209191-19-055153
CIK 0000805022other
Filed
Nov 4, 7:00 PM ET
Accepted
Nov 5, 2:48 PM ET
Size
43.9 KB
Accession
0001209191-19-055153
Insider Transaction Report
Form 4
Malecky Robert A
Vice President, Marketing
Transactions
- Purchase
Limited Partner Units
2019-05-28$40.90/sh+538.2$22,012→ 109,302.2 total - Disposition to Issuer
Phantom Units
2019-11-01$41.50/sh−7,098$294,567→ 0 total→ Limited Partner Units (7,098 underlying) - Disposition to Issuer
Phantom Units
2019-11-01$41.50/sh−7,002$290,583→ 0 total→ Limited Partner Units (7,002 underlying) - Disposition to Issuer
Phantom Units
2019-11-01$41.50/sh−5,876$243,854→ 0 total→ Limited Partner Units (5,876 underlying) - Disposition to Issuer
Phantom Units
2019-11-01$41.50/sh−5,345$221,818→ 0 total→ Limited Partner Units (5,345 underlying) - Disposition to Issuer
Phantom Units
2019-11-01$41.50/sh−5,198$215,717→ 0 total→ Limited Partner Units (5,198 underlying) - Disposition to Issuer
Performance Units
2019-11-01$43.75/sh−23,915$1,046,281→ 0 total→ Limited Partner Units (23,915 underlying) - Disposition to Issuer
Performance Units
2019-11-01$48.29/sh−14,003$676,205→ 0 total→ Limited Partner Units (14,003 underlying) - Disposition to Issuer
Performance Units
2019-11-01$53.30/sh−10,394$554,000→ 0 total→ Limited Partner Units (10,394 underlying) - Purchase
Limited Partner Units
2019-08-19$41.19/sh+544.2$22,416→ 109,846.4 total - Disposition to Issuer
Limited Partner Units
2019-11-01$41.50/sh−109,846.4$4,558,626→ 0 total - Disposition to Issuer
Phantom Units
2019-11-01$41.50/sh−11,957$496,216→ 0 total→ Limited Partner Units (11,957 underlying) - Disposition to Issuer
Phantom Units
2019-11-01$41.50/sh−7,098$294,567→ 0 total→ Limited Partner Units (7,098 underlying) - Disposition to Issuer
Phantom Units
2019-11-01$41.50/sh−5,876$243,854→ 0 total→ Limited Partner Units (5,876 underlying) - Disposition to Issuer
Phantom Units
2019-11-01$41.50/sh−5,345$221,818→ 0 total→ Limited Partner Units (5,345 underlying) - Award
Performance Units
2019-11-01$43.75/sh+23,915$1,046,281→ 23,915 total→ Limited Partner Units (23,915 underlying) - Award
Performance Units
2019-11-01$48.29/sh+14,003$676,205→ 14,003 total→ Limited Partner Units (14,003 underlying) - Award
Performance Units
2019-11-01$53.30/sh+10,394$554,000→ 10,394 total→ Limited Partner Units (10,394 underlying)
Footnotes (6)
- [F1]These Limited Partner Units were inadvertently purchased by the reporting person's broker for the purpose of reinvesting distributions and were not matchable against the subsequent sale on November 1, 2019 because the sale was exempt from Section 16(b) pursuant to Rule 16b-3(e) by virtue of having been approved by a committee of the board of directors composed solely of two or more non-employee directors.
- [F2]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.
- [F3]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.
- [F4]On February 5, 2019, the Reporting Person was granted 23,915 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 6, 2018, the Reporting Person was granted 14,003 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.
- [F6]On February 7, 2017, the Reporting Person was granted 10,394 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 0001421495
Filing Metadata
- Form type
- 4
- Filed
- Nov 4, 7:00 PM ET
- Accepted
- Nov 5, 2:48 PM ET
- Size
- 43.9 KB