PLAINS GP HOLDINGS LP 4

Accession 0001237769-16-000035

$PAGPCIK 0001581990operating

View on SEC.gov Company Profile

Filed

Jan 18, 7:00 PM ET

Accepted

Jan 19, 4:36 PM ET

Size

14.7 KB

Accession

0001237769-16-000035

Insider Transaction Report

Form 4

Period: 2016-01-14

PLAINS GP HOLDINGS LPPAGP

vonBerg John

Sr. VP - Commercial Activities

Transactions

Exercise/Conversion
Class A Shares representing limited partner interests
2016-01-14+2,000,000→ 2,000,000 total
Exercise/Conversion
Class A Units in Plains AAP, L.P.
2016-01-14−2,000,000→ 1,423,264 total
Exercise: $0.00From: 2015-12-31→ Class A Shares (2,000,000 underlying)
Exercise/Conversion
Class B Shares representing limited partner interests
2016-01-14−2,000,000→ 1,423,264 total
Exercise: $0.00From: 2015-12-31→ Class A Shares (2,000,000 underlying)

Holdings

Units in PAA GP Holdings LLC
(indirect: see footnotes)
917,262
Class B Shares representing limited partner interests
(indirect: see footnotes)
917,262
Class A Units in Plains AAP, L.P.
(indirect: see footnotes)
Exercise: $0.00→ Class A Shares (917,262 underlying)
917,262

Footnotes (4)

[F1]Pursuant to the limited partnership agreement of Plains AAP, L.P. ("AAP"), after December 31, 2015, a holder of vested Class B Units of AAP (the "Class B Units") may convert, from time to time, such Class B Units into an equal number of Class A Units of AAP (the "Class A Units") and Class B shares (the "Class B shares") of Plains GP Holdings, L.P. (the "Issuer"), at the then applicable conversion ratio. Following such conversion, the Class A Units and Class B shares are then together exchangeable for an equal number of Class A shares of the Issuer (the "Class A shares"). On 1/14/2016, the Reporting Person elected to exchange 2,000,000 Class A Units and 2,000,000 Class B shares for 2,000,000 Class A shares.
[F2]The Reporting Person is a member of PAA Management LLC, the general partner of PAA Management, L.P. ("PAA Management"). As of the date of this Form 4, the Reporting Person holds an indirect ownership interest in the Issuer through his ownership in PAA Management. Therefore he may be deemed to be a beneficial owner of the interests held by PAA Management. The limited partnership agreement of AAP provides that each limited partner of AAP, including PAA Management, will have the right, at any time and from time to time, to exchange (the "Exchange Right") its Class A Units in AAP, together with a like number of Class B shares and units of the Issuer's general partner (the "GP Units"), for Class A shares on a one-for-one basis
[F3]The Exchange Right does not expire and may be settled in cash at the option of the Issuer. As such, the Reporting Person may not be deemed to beneficially own the Class A shares reported herein. The number of Class A shares included in the table above represents the number of Class B shares, Class A Units and GP Units owned by PAA Management that are exchangeable for an equivalent number of Class A shares. The Reporting Person disclaims beneficial ownership of the securities held by PAA Management, except to the extent of his pecuniary interest therein.
[F4]Pursuant to the limited partnership agreement of AAP, the right to exchange Class A Units and Class B shares (acquired in a conversion from Class B Units) for Class A shares does not expire.

Documents

1 file

4
edgar.xmlPrimary
PRIMARY DOCUMENT

Issuer

PLAINS GP HOLDINGS LP

CIK 0001581990

→

Entity typeoperating

IncorporatedDE

Related Parties

filerCIK 0001581990

Filing Metadata

Form type: 4
Filed: Jan 18, 7:00 PM ET
Accepted: Jan 19, 4:36 PM ET
Size: 14.7 KB

View on SEC.gov