SHACKOULS BOBBY S 4
4 · PLAINS ALL AMERICAN PIPELINE LP · Filed Aug 17, 2021
Insider Transaction Report
Form 4
SHACKOULS BOBBY S
Director
Transactions
- Exercise/Conversion
Phantom Units
2021-08-13−3,750→ 0 total→ Common Units (3,750 underlying) - Exercise/Conversion
Common Units
2021-08-13+3,750→ 21,266 total
Holdings
- 13,767(indirect: By Spouse)
Common Units
Footnotes (6)
- [F1]Includes 7,500 units held jointly with Reporting Person's spouse.
- [F2]In February 2020, the reporting person and his spouse received 2,784 and 2,785 common units of PAA, respectively, in a distribution from their respective grantor retained annuity trusts in accordance with the terms of the GRATs. The distribution of units from the GRATs resulted in a decrease in the number of units beneficially owned indirectly through the GRATs, and a corresponding increase in the number of units beneficially owned directly and indirectly through spouse. The distribution of units from the GRATs constituted a change in form of beneficial ownership, which is exempt under Rule 16a-13 of the Exchange Act.
- [F3]Phantom Units granted under Long-Term Incentive Plan (includes distribution equivalent rights payable in cash).
- [F4]One common unit is deliverable, upon vesting, for each Phantom Unit that vests.
- [F5]Phantom Units vest annually on August distribution date.
- [F6]Upon termination of service as director, other than because of death, disability or retirement.