KINDER MORGAN ENERGY PARTNERS L P 4
4 · KINDER MORGAN ENERGY PARTNERS L P · Filed Dec 1, 2014
Insider Transaction Report
Form 4
GARDNER TED A
Director
Transactions
- Disposition to Issuer
Common Units
2014-11-26−43,404→ 0 total
Footnotes (1)
- [F1]The transaction reported occurred in connection with the merger of Kinder Morgan Energy Partners, L.P. ("KMP") with a wholly owned subsidiary of Kinder Morgan, Inc. ("KMI"), effective November 26, 2014. On November 26, 2014, the last trading day for the KMP common units, the closing price of the KMP common units was $102.03 per unit, and the closing price of KMI's common stock was $42.32 per share. Each KMP common unit was converted into the right to receive, at the election of the unitholder but subject to proration, (i) 2.4849 shares of KMI common stock, (ii) $91.72 in cash without interest or (iii) a combination of 2.1931 shares of KMI common stock and $10.77 in cash without interest.