DUNCAN DAN L 4
Accession 0001324592-08-000093
Filed
Jun 25, 8:00 PM ET
Accepted
Jun 26, 8:15 AM ET
Size
18.8 KB
Accession
0001324592-08-000093
Insider Transaction Report
- Purchase
Common Units Representing Limited Partnership Interests
2008-06-25$30.03/sh+10,500$315,328→ 590,200 total(indirect: By Enterprise Unit)
- 120,086,279(indirect: By DFIDH)
Common Units Representing Limited Partnership Interests
- 13,454,498(indirect: By EGPH)
Common Units Representing Limited Partnership Interests
- 7,208,357(indirect: By Trust)
Common Units Representing Limited Partnership Interests
- 487,100(indirect: By DD Securities)
Common Units Representing Limited Partnership Interests
- 1,047,922
Common Units Representing Limited Partnership Interests
- 5,918,200(indirect: By Trust)
Common Units Representing Limited Partnership Interests
- Purchase
Common Units Representing Limited Partnership Interests
2008-06-25$30.03/sh+10,500$315,328→ 590,200 total(indirect: By Enterprise Unit)
- 1,047,922
Common Units Representing Limited Partnership Interests
- 120,086,279(indirect: By DFIDH)
Common Units Representing Limited Partnership Interests
- 5,918,200(indirect: By Trust)
Common Units Representing Limited Partnership Interests
- 13,454,498(indirect: By EGPH)
Common Units Representing Limited Partnership Interests
- 7,208,357(indirect: By Trust)
Common Units Representing Limited Partnership Interests
- 487,100(indirect: By DD Securities)
Common Units Representing Limited Partnership Interests
- Purchase
Common Units Representing Limited Partnership Interests
2008-06-25$30.03/sh+10,500$315,328→ 590,200 total(indirect: By Enterprise Unit)
- 1,047,922
Common Units Representing Limited Partnership Interests
- 7,208,357(indirect: By Trust)
Common Units Representing Limited Partnership Interests
- 5,918,200(indirect: By Trust)
Common Units Representing Limited Partnership Interests
- 13,454,498(indirect: By EGPH)
Common Units Representing Limited Partnership Interests
- 487,100(indirect: By DD Securities)
Common Units Representing Limited Partnership Interests
- 120,086,279(indirect: By DFIDH)
Common Units Representing Limited Partnership Interests
- Purchase
Common Units Representing Limited Partnership Interests
2008-06-25$30.03/sh+10,500$315,328→ 590,200 total(indirect: By Enterprise Unit)
- 1,047,922
Common Units Representing Limited Partnership Interests
- 7,208,357(indirect: By Trust)
Common Units Representing Limited Partnership Interests
- 120,086,279(indirect: By DFIDH)
Common Units Representing Limited Partnership Interests
- 5,918,200(indirect: By Trust)
Common Units Representing Limited Partnership Interests
- 487,100(indirect: By DD Securities)
Common Units Representing Limited Partnership Interests
- 13,454,498(indirect: By EGPH)
Common Units Representing Limited Partnership Interests
- Purchase
Common Units Representing Limited Partnership Interests
2008-06-25$30.03/sh+10,500$315,328→ 590,200 total(indirect: By Enterprise Unit)
- 120,086,279(indirect: By DFIDH)
Common Units Representing Limited Partnership Interests
- 5,918,200(indirect: By Trust)
Common Units Representing Limited Partnership Interests
- 7,208,357(indirect: By Trust)
Common Units Representing Limited Partnership Interests
- 487,100(indirect: By DD Securities)
Common Units Representing Limited Partnership Interests
- 1,047,922
Common Units Representing Limited Partnership Interests
- 13,454,498(indirect: By EGPH)
Common Units Representing Limited Partnership Interests
Footnotes (8)
- [F1]These Common Units are owned by DFI Delaware Holdings L.P. ("DFIDH"), an indirect, wholly-owned subsidiary of EPCO, Inc. ("EPCO"). Dan L. Duncan owns 50.427% of the voting stock of EPCO.
- [F2]DFIDH is an indirect, wholly-owned subsidiary of Duncan Family Interests, Inc. ("DFI"), which is an indirect wholly-owned subsidary of EPCO. The general partner of DFIDH, DFI Delaware General, LLC, and the sole limited partner of DFIDH, DFI Delaware Limited, LLC, are both wholly-owned subsidiaries of DFI.
- [F3]EPCO is the grantor of the Duncan Family 1998 Trust (the "1998 Trust"); and EPCO is the grantor of the Duncan Family 2000 Trust (the "2000 Trust"). These trusts were established to acquire and hold Common Units of the issuer.
- [F4]These Common Units are owned by Enterprise GP Holdings L.P. ("EGPH"), a 51.62% limited partnership interest in which is owned by DFI and a 2.69% limited partnership interest in which is owned by DD Securities LLC ("DD Securities"). The 0.01% general partner of EGPH is EPE Holdings, LLC, a wholly-owned subisidary of Dan Duncan LLC. Dan L. Duncan, voting trustee, is the sole member of Dan Duncan LLC.
- [F5]These Common Units are directly owned by DD Securities
- [F6]These Common Units are owned directly by Enterprise Unit L.P. ("Enterprise Unit") and beneficially owned by the reporting persons to the extent of the interest of EPCO Holdings, Inc. ("EPCO Holdings") in these securities as a Class A limited partner in Enterprise Unit. The Class A limited partner interest generally entitles the holder to the amount of any contributions of cash or cash equivalents made by the Class A limited partner, as adjusted for the Class A limited partner to receive a preferred return rate equal to 5% per annum from February 20, 2008. The reporting persons disclaim beneficial ownership of the securities held by Enterprise Unit, except to the extent of their pecuniary interest in the securities. Within 30 days after February 20, 2014 (or an earlier Vesting Date), Enterprise Unit will be liquidated and expects to distribute to the Class B limited partners a total number of Common Units equal to (i) [continued in footnote 7]
- [F7](i) [continued from footnote 8] the total number of units acquired by Enterprise Unit minus (ii) the quotient of one-half of the aggregate contributions of cash or cash equivalents made by the Class A limited partner, plus (iii) any undistributed preferred return, divided by (iv) the fair market value (as defined) of the Common Units calculated as of February 20, 2014 (or an earlier Vesting Date). The remaining Common Units will be distributed to EPCO Holdings as the Class A limited partner.
- [F8]The powers of attorney under which this form was signed are on file with the Commission
Documents
Issuer
ENTERPRISE PRODUCTS PARTNERS L P
CIK 0001061219
Related Parties
1- filerCIK 0001079482
Filing Metadata
- Form type
- 4
- Filed
- Jun 25, 8:00 PM ET
- Accepted
- Jun 26, 8:15 AM ET
- Size
- 18.8 KB