4//SEC Filing
Macquarie Infrastructure CO LLC 4
Accession 0001335651-07-000147
CIK 0001289790operating
Filed
Jun 26, 8:00 PM ET
Accepted
Jun 27, 7:56 PM ET
Size
12.8 KB
Accession
0001335651-07-000147
Insider Transaction Report
Form 4
Stokes Peter
Chief Executive Officer
Transactions
- Other
Director Profit Sharing Interests
2007-06-25−114,437→ 0 total→ Shares of Trust Stock (114,437 underlying) - Other
Share of Trust Stock
2007-06-25−19,961→ 0 total - Other
Limited Liability Company Interest
2007-06-25+19,961→ 19,961 total
Footnotes (2)
- [F1]On June 25, 2007, all of the shares of trust stock, representing beneficial interests in Macquarie Infrastructure CO Trust (the "Trust") were automatically exchanged for an equal number of limited liability company interests in Macquarie Infrastructure Company LLC ("MIC") pursuant to the terms of the trust agreement for the Trust (the "Exchange"). Prior to the Exchange, all interests in the LLC were held by the Trust. Following the Exchange, MIC became the successor of the Trust. The Exchange, which was effected on a one for one basis, did not alter the proportionate interests of the securityholders. The transactions reported in connection with the Exchange are exempt under Rule 16b-7 and represent no change in the economic or pecuniary interest of the reporting person.
- [F2]The value of Director Profit Sharing Interests ("DPS") represents a notional investment of 2006 retained profit share in limited liability company interests of Macquarie Infrastructure Company LLC by Macquare Bank Limited ("MBL") as of July 1, 2006. Retained DPS vests over a ten year period from the date Mr. Stokes was made an executive director, with no vesting for the first four years and one sixth each year thereafter, with initial vesting beginning March 31, 2007. Vested amounts would be released at the earlier of the ceasing of employment and the end of a ten year period following the retention date (subject to certain disqualifying events). Any increases in value of the notional portfolio may be paid out in August each year at the discretion of MBL.
Documents
Issuer
Macquarie Infrastructure CO LLC
CIK 0001289790
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001289790
Filing Metadata
- Form type
- 4
- Filed
- Jun 26, 8:00 PM ET
- Accepted
- Jun 27, 7:56 PM ET
- Size
- 12.8 KB