0001237769-16-000031.txt : 20160107
0001237769-16-000031.hdr.sgml : 20160107
20160107192246
ACCESSION NUMBER: 0001237769-16-000031
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20160105
FILED AS OF DATE: 20160107
DATE AS OF CHANGE: 20160107
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: PLAINS GP HOLDINGS LP
CENTRAL INDEX KEY: 0001581990
STANDARD INDUSTRIAL CLASSIFICATION: PIPE LINES (NO NATURAL GAS) [4610]
IRS NUMBER: 000000000
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 333 CLAY ST
STREET 2: SUITE 1600
CITY: HOUSTON
STATE: TX
ZIP: 77002
BUSINESS PHONE: 713-646-4100
MAIL ADDRESS:
STREET 1: 333 CLAY ST
STREET 2: SUITE 1600
CITY: HOUSTON
STATE: TX
ZIP: 77002
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Swanson Al
CENTRAL INDEX KEY: 0001292270
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-36132
FILM NUMBER: 161331208
MAIL ADDRESS:
STREET 1: 333 CLAY STREET, # 1600
CITY: HOUSTON
STATE: TX
ZIP: 77002
4
1
edgar.xml
PRIMARY DOCUMENT
X0306
4
2016-01-05
0001581990
PLAINS GP HOLDINGS LP
PAGP
0001292270
Swanson Al
333 CLAY ST., # 1600
HOUSTON
TX
77002
0
1
0
0
Executive VP & CFO
Class A Shares representing limited partner interest
2016-01-07
4
M
0
1000000
0
A
1000000
D
Class B Shares representing limited partner interests
1154716
I
see footnotes
Units in PAA GP Holdings LLC
1154716
I
see footnotes
Class B Units in Plains AAP, L.P.
0
2016-01-05
4
M
0
2606448
0
D
2015-12-31
Class B Shares/Class A Units of Plains AAP, L.P.
2445189
0
D
Class A Units in Plains AAP, L.P.
0
2016-01-05
4
M
0
2445189
0
A
2015-12-31
Class A Shares
2445189
2445189
D
Class B Shares representing limited partner interests
0
2016-01-05
4
M
0
2445189
0
A
2015-12-31
Class A Shares
2445189
2445189
D
Class A Units in Plains AAP, L.P.
0
2016-01-07
4
M
0
1000000
0
D
2015-12-31
Class A Shares
1000000
1445189
D
Class B Shares representing limited partner interests
0
2016-01-07
4
M
0
1000000
0
D
2015-12-31
Class A Shares
1000000
1445189
D
Class A Units in Plains AAP, L.P.
0
Class A Shares
1154716
1154716
I
see footnotes
Pursuant to the limited partnership agreement of Plains AAP, L.P. ("AAP"), after December 31, 2015, a holder of vested Class B Units of AAP (the "Class B Units") may convert, from time to time, such Class B Units into an equal number of Class A Units of AAP (the "Class A Units") and Class B shares (the "Class B shares") of Plains GP Holdings, L.P. (the "Issuer"), at the then applicable conversion ratio. On 1/5/2016 the Reporting Person exercised his right to convert 2,606,448 Class B Units into 2,445,189 Class A Units and 2,445,189 Class B shares, at the current conversion ratio of 0.938.
Pursuant to the limited partnership agreement of AAP, upon conversion of Class B Units into Class A Units and Class B shares, the Class A Units and Class B shares are then together exchangeable for an equal number of Class A shares of the Issuer (the "Class A shares"). On 1/7/2016, the Reporting Person elected to exchange 1,000,000 Class A Units and 1,000,000 Class B shares for 1,000,000 Class A shares.
The Reporting Person is a member of PAA Management LLC, the general partner of PAA Management, L.P. ("PAA Management"). As of the date of this Form 4, the Reporting Person holds an indirect ownership interest in the Issuer through his ownership in PAA Management. Therefore he may be deemed to be a beneficial owner of the interests held by PAA Management. The limited partnership agreement of AAP provides that each limited partner of AAP, including PAA Management, will have the right, at any time and from time to time, to exchange (the "Exchange Right") its Class A Units in AAP, together with a like number of Class B shares and units of the Issuer's general partner (the "GP Units"), for Class A shares on a one-for-one basis.
The Exchange Right does not expire and may be settled in cash at the option of the Issuer. As such, the Reporting Person may not be deemed to beneficially own the Class A shares reported herein. The number of Class A shares included in the table above represents the number of Class B shares, Class A Units and GP Units owned by PAA Management that are exchangeable for an equivalent number of Class A shares. The Reporting Person disclaims beneficial ownership of the securities held by PAA Management, except to the extent of his pecuniary interest therein.
Pursuant to the limited partnership agreement of AAP, the rights to (a) convert Class B Units into Class A Units and Class B shares and (b) exchange Class A Units and Class B shares (acquired in a conversion from Class B Units) for Class A shares do not expire.
/s/ Al Swanson
2016-01-07