El Paso Pipeline Partners, L.P. 4
4 · El Paso Pipeline Partners, L.P. · Filed Dec 1, 2014
Insider Transaction Report
Form 4
KINDER RICHARD D
Chairman & CEO of GP
Transactions
- Disposition to Issuer
Common Units
2014-11-26−128,000→ 0 total
Footnotes (1)
- [F1]The transaction reported occurred in connection with the merger of El Paso Pipeline Partners, L.P. ("EPB") with a wholly owned subsidiary of Kinder Morgan, Inc. ("KMI"), effective November 26, 2014. On November 26, 2014, the last trading day for the EPB common units, the closing price of the EPB common units was $44.10 per unit, and the closing price of KMI's common stock was $42.32 per share. Each EPB common unit was converted into the right to receive, at the election of the unitholder but subject to proration, (i) 1.0711 shares of KMI common stock, (ii) $39.53 in cash without interest or (iii) a combination of 0.9451 shares of KMI common stock and $4.65 in cash without interest.