Watkins Gary D. 4
4 · Tallgrass Energy, LP · Filed Mar 29, 2019
Insider Transaction Report
Form 4
Watkins Gary D.
See Remarks
Transactions
- Sale
Class A Shares
2019-03-27$23.76/sh−46,218$1,098,140→ 324,012 total - Tax Payment
Class A Shares
2019-03-27$23.76/sh−34,182$812,164→ 289,830 total
Footnotes (2)
- [F1]80,400 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 46,218 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 34,182 EPSs to satisfy his tax withholding obligations related to the vesting of the EPSs. This is not an open market sale of securities.