4//SEC Filing
Phillips 66 Project Development Inc. 4
Accession 0001534701-19-000104
CIK 0001572910other
Filed
Aug 1, 8:00 PM ET
Accepted
Aug 2, 9:53 AM ET
Size
9.3 KB
Accession
0001534701-19-000104
Insider Transaction Report
Form 4
Phillips 66 Project Development Inc.
Director10% Owner
Transactions
- Award
Common Units
2019-08-01+101,000,000→ 169,760,137 total
Phillips 66 Co
Director10% Owner
Transactions
- Award
Common Units
2019-08-01+101,000,000→ 169,760,137 total
Phillips 66
Director10% Owner
Transactions
- Award
Common Units
2019-08-01+101,000,000→ 169,760,137 total
Footnotes (2)
- [F1]On August 1, 2019, in connection with the closing of the transactions contemplated by the Partnership Interests Restructuring Agreement dated July 24, 2019, by and among Phillips 66 Partners LP (the "Partnership") and Phillips 66 Partners GP LLC (the "General Partner"), Phillips 66 Project Development Inc. ("P66 PDI"), which is the sole member of the General Partner, acquired from the Partnership 101,000,000 common units representing limited partner interests in the Partnership (the "Common Units") in exchange for the cancellation of all of the outstanding incentive distribution rights of the Partnership, which were held by the General Partner, and the conversion of the General Partner's approximately 2% general partner interest in the Partnership into a non-economic interest.
- [F2]The Common Units are held of record by P66 PDI. P66 PDI is a direct wholly owned subsidiary of Phillips 66 Company ("P66 Company"), which is a direct wholly owned subsidiary of Phillips 66 ("PSX"). Accordingly, P66 Company and PSX may be deemed to indirectly own the securities of the Issuer directly held by P66 PDI, but disclaim beneficial ownership except to the extent of their pecuniary interest therein.
Documents
Issuer
PHILLIPS 66 PARTNERS LP
CIK 0001572910
Entity typeother
IncorporatedDE
Related Parties
1- filerCIK 0001654510
Filing Metadata
- Form type
- 4
- Filed
- Aug 1, 8:00 PM ET
- Accepted
- Aug 2, 9:53 AM ET
- Size
- 9.3 KB