MOLER WILLIAM R. 4
4 · Tallgrass Energy, LP · Filed Mar 29, 2019
Insider Transaction Report
Form 4
MOLER WILLIAM R.
DirectorSee Remarks
Transactions
- Tax Payment
Class A Shares
2019-03-27$23.76/sh−12,862$305,601→ 273,250 total - Sale
Class A Shares
2019-03-27$23.76/sh−16,138$383,439→ 286,112 total
Holdings
- 1,499,288(indirect: See footnote)
Class A Shares
Footnotes (3)
- [F1]29,000 Equity Participation Shares (the "EPSs") held by the Reporting Person vested on March 11, 2019. On March 27, 2019, the Reporting Person entered into a purchase agreement with acquisition vehicles controlled by affiliates of Blackstone Infrastructure Partners (such acquisition vehicles, collectively, the "Sponsor Entities"). Pursuant to the purchase agreement, the Reporting Person agreed to sell to the Sponsor Entities 16,138 Class A Shares of Issuer ("Class A Shares") in a private transaction, which number represents the number of Class A Shares the Reporting Person is entitled to receive as a result of the vesting of EPSs less all Class A Shares withheld to fulfill the Reporting Person's applicable tax withholding obligations.
- [F2]In connection with the vesting and agreement to sell described in footnote 1, the Reporting Person has made an election to withhold 12,862 EPSs to satisfy his tax withholding obligations related to the vesting of the EPSs. This is not an open market sale of securities.
- [F3]The Reporting Person owns the Class A Shares reported herein through the William R. Moler Revocable Trust U.T.A. dated August 27, 2013 (the "Moler Revocable Trust"), for which the Reporting Person serves as trustee. The Reporting Person disclaims beneficial ownership of the Class A Shares reported herein except to the extent of his pecuniary interest therein.