Capobianco David N 4
4 · PLAINS ALL AMERICAN PIPELINE LP · Filed Mar 1, 2005
Insider Transaction Report
Form 4
Capobianco David N
Director
Transactions
- Other
Common Units
2005-02-25+12,390,120→ 13,688,400 total(indirect: By LLC)
Footnotes (3)
- [F1]On February 25, 2005, Vulcan, Inc. ("Vulcan"), the employer of the Reporting Person, adopted a benefits plan, pursuant to which the Reporting Person was granted a right to receive a performance-based fee based on the performance of the holdings of Vulcan Energy Corporation ("Vulcan Energy"), an affiliate of Vulcan. Vulcan Energy owns 12,390,120 Common Units of the Issuer. As a result of the adoption of the plan, the Reporting Person may be deemed to have a pecuniary interest in the Common Units held by Vulcan Energy.
- [F2]On February 23, 2005, 1,298,280 Class C Common Units of the Issuer held by Vulcan Capital Private Equity I LLC ("Vulcan Capital") converted into Common Units on a 1:1 basis. The Reporting Person owns an equity interest in Vulcan Capital and has an indirect right to receive a performance-based fee based on the performance of its holdings, including the Common Units held by Vulcan Capital.
- [F3]The reporting Person disclaims beneficial ownership of the reported securities, except to the extent of his pecuniary interest therein, if any.