0001140361-11-028037.txt : 20110516 0001140361-11-028037.hdr.sgml : 20110516 20110516184105 ACCESSION NUMBER: 0001140361-11-028037 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20110513 FILED AS OF DATE: 20110516 DATE AS OF CHANGE: 20110516 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: JENKINS-STARK JACK CENTRAL INDEX KEY: 0001208353 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-26091 FILM NUMBER: 11849277 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: TC PIPELINES LP CENTRAL INDEX KEY: 0001075607 STANDARD INDUSTRIAL CLASSIFICATION: NATURAL GAS TRANSMISSION [4922] IRS NUMBER: 522135448 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 717 TEXAS STREET, SUITE #2400 CITY: HOUSTON STATE: TX ZIP: 77002 BUSINESS PHONE: (877) 290-2772 MAIL ADDRESS: STREET 1: 717 TEXAS STREET, SUITE #2400 CITY: HOUSTON STATE: TX ZIP: 77002 4 1 doc1.xml FORM 4 X0303 4 2011-05-13 0 0001075607 TC PIPELINES LP TCLP 0001208353 JENKINS-STARK JACK 717 TEXAS STREET, SUITE #2400 HOUSTON TX 77002 1 0 0 0 Distribution Equivalent Rights for Deferred Share Units 2011-05-13 4 A 0 110 0 A Common units representing limited p/ship interests 110 6978 D N/A - The distribution equivalent rights accrued on the number of Deferred Share Units ("DSUs") recorded in his account. Each distribution equivalent right is the economic equivalent of one DSU. Upon termination of board service, Common Units representing limited partnership interests may be purchased on the open market on behalf of Mr. Jenkins-Stark whereby he would receive Common Units in a number equal to the number of DSUs recorded in his account less any applicable withholdings. Alternatively, Mr.Jenkins-Stark may elect to receive the value of his DSU entitlement in cash. The cash payment amount shall be determined by multiplying the number of DSUs recorded in his account by the Fair Market Value of a Common Unit less any applicable withholdings. N/A - the DSUs are fully vested and are redeemable only following Mr. Jenkins-Stark's termination of Board service. The distribution amount reflects the number of DSUs added to the director's share unit account as of the record date for the distribution. Pursuant to the Share Unit Plan for Non-Employee Directors (2007), the distribution amount is calculated based on the declared distribution multiplied by the number of share units in the account, divided by the market value of the common units on the payment date for such distribution. /s/ Annie C. Belecki, Attorney for Jack Jenkins-Stark 2011-05-16