Filing Details
- Accession Number:
- 0001615619-19-000078
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2019-08-16 16:30:10
- Reporting Period:
- 2019-08-14
- Accepted Time:
- 2019-08-16 16:30:10
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1070423 | Plains All American Pipeline Lp | PAA | Pipe Lines (No Natural Gas) (4610) | 760582150 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1497929 | Chris Herbold | 333 Clay Street, Suite 1600 Houston TX 77002 | Sr. Vp And Chief Acctg Officer | No | Yes | No | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Units | Acquisiton | 2019-08-14 | 22,000 | $0.00 | 79,564 | No | 4 | M | Direct | |
| Common Units | Disposition | 2019-08-14 | 8,657 | $21.75 | 70,907 | No | 4 | F | Direct | |
| Common Units | Acquisiton | 2019-08-14 | 3,000 | $0.00 | 73,907 | No | 4 | M | Direct | |
| Common Units | Disposition | 2019-08-14 | 1,181 | $21.75 | 72,726 | No | 4 | F | Direct | |
| Common Units | Disposition | 2019-08-14 | 23,337 | $21.38 | 49,389 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Direct | |
| No | 4 | F | Direct | |
| No | 4 | M | Direct | |
| No | 4 | F | Direct | |
| No | 4 | S | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Units | Phantom Units | Disposition | 2019-08-14 | 22,000 | $0.00 | 22,000 | $0.00 |
| Common Units | Phantom Units | Disposition | 2019-08-14 | 3,000 | $0.00 | 3,000 | $0.00 |
| Common Units | Phantom Units | Acquisiton | 2019-08-15 | 25,150 | $0.00 | 25,150 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 22,000 | 2019-08-14 | No | 4 | M | Direct | |
| 3,000 | 2019-08-14 | No | 4 | M | Direct | |
| 25,150 | No | 4 | A | Direct |
Footnotes
- Phantom Units granted under Long-Term Incentive Plan (includes distribution equivalent rights payable in cash).
- One Common Unit is deliverable, upon vesting, for each Phantom Unit that vests.
- N/A
- Phantom Units will vest 50% on the August 2022 distribution date and 50% on the later of the August 2022 distribution date and the first distribution date following PAA's achievement of distributable cash flow ("DCF") per common unit of at least $2.65 on a trailing four quarter basis. The applicable trailing four quarter period for determining whether the requisite DCF per common unit has been achieved for vesting of phantom units may not begin until after December 31, 2020. The associated DERs will vest (i) 50% on the August 2020 distribution date and (ii) 50% on the first distribution date following January 1, 2021 on which PAA achieves DCF per common unit of at least $2.50 on a trailing four quarter basis.
- The price in column 4 is a weighted average price. The units were sold in multiple transactions at prices ranging from $21.37 to $21.415. Reporting Person undertakes to provide to the SEC staff, the Issuer or any unitholder of the Issuer, upon request, full information regarding the number of units sold at each separate price.
Billionaire Hedge Funds
