4//SEC Filing
MALQUIST MALYN K 4
Accession 0001567619-19-010813
CIK 0001075607other
Filed
May 13, 8:00 PM ET
Accepted
May 14, 3:41 PM ET
Size
6.3 KB
Accession
0001567619-19-010813
Insider Transaction Report
Form 4
MALQUIST MALYN K
Director
Transactions
- Award
Deferred Share Units
2019-05-13$36.70/sh+309$11,340→ 17,750 total→ Common units representing limited partner interest (309 underlying)
Footnotes (3)
- [F1]Upon termination of service as a director, Deferred Share Units ("DSUs") recorded in the reporting person's account will be settled, at the reporting person's election, in common units representing a limited partner interest in TC PipeLines, LP ("Common Units") at no additional cost on a 1 for 1 basis or in cash of equivalent value, less any applicable withholdings.
- [F2]The DSUs are immediately fully vested and are redeemable only following Mr. Malquist's termination of Board service.
- [F3]The DSUs were credited to the director's share unit account as distributions, effective on the payment date for distributions paid by TC PipeLines, LP on the Common Units. Pursuant to the Deferred Share Unit Plan for Non-Employee Directors (2013), the number of DSUs credited for distributions is calculated based on the distribution declared and paid on Common Units multiplied by the number of DSUs in the director's share account on the record date of such distribution, divided by the fair market value of Common Units on the payment date for such distribution.
Documents
Issuer
TC PIPELINES LP
CIK 0001075607
Entity typeother
Related Parties
1- filerCIK 0001198719
Filing Metadata
- Form type
- 4
- Filed
- May 13, 8:00 PM ET
- Accepted
- May 14, 3:41 PM ET
- Size
- 6.3 KB