0001357371-14-000078.txt : 20141020
0001357371-14-000078.hdr.sgml : 20141020
20141020142947
ACCESSION NUMBER: 0001357371-14-000078
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 2
CONFORMED PERIOD OF REPORT: 20141016
FILED AS OF DATE: 20141020
DATE AS OF CHANGE: 20141020
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Breitburn Energy Partners LP
CENTRAL INDEX KEY: 0001357371
STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311]
IRS NUMBER: 743169953
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 515 SOUTH FLOWER STREET
STREET 2: SUITE 4800
CITY: LOS ANGELES
STATE: CA
ZIP: 90071
BUSINESS PHONE: (213) 225-5900
MAIL ADDRESS:
STREET 1: 515 SOUTH FLOWER STREET
STREET 2: SUITE 4800
CITY: LOS ANGELES
STATE: CA
ZIP: 90071
FORMER COMPANY:
FORMER CONFORMED NAME: BreitBurn Energy Partners L.P.
DATE OF NAME CHANGE: 20060324
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Brown Gregory C
CENTRAL INDEX KEY: 0001392016
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-33055
FILM NUMBER: 141163715
MAIL ADDRESS:
STREET 1: C/O BREITBURN ENERGY PARTNERS L.P.
STREET 2: 515 SOUTH FLOWER STREET, SUITE 4800
CITY: LOS ANGELES
STATE: CA
ZIP: 90071
4
1
wf-form4_141382977636454.xml
FORM 4
X0306
4
2014-10-16
0
0001357371
Breitburn Energy Partners LP
BBEP
0001392016
Brown Gregory C
515 S. FLOWER ST.
SUITE 4800
LOS ANGELES
CA
90071
0
1
0
0
EVP, Gen. Counsel, CAO
Convertible Phantom Units
2014-10-16
4
A
0
594
0
A
2015-12-28
2015-12-28
Common Units
594.0
46686
D
Convertible Phantom Units
2014-10-16
4
A
0
478
0
A
2016-12-28
2016-12-28
Common Units
478.0
46777
D
Each Convertible Phantom Unit ("CPU") is a phantom equity award which includes a performance distribution right ("PDR") that entitles the holder to distributions at the same rate payable to common unitholders based upon the number of CPUs multiplied by a number ranging from 0 to 4.768 (the "multiplier") reflecting whether specified performance metrics are attained.
Represents additional CPUs received by the Reporting Person pursuant to the terms of previously granted PDRs. Each PDR entitles the Reporting Person to additional CPUs with a value equal to the amount of distributions paid on each common unit. On October 16, 2014, BBEP paid a cash distribution to holders of its common units in an amount equal to 16.75 cents per common unit. Pursuant to the terms of the PDRs, the Reporting Person received a number of additional CPUs in respect of each PDR with a value (based on the closing price of BBEP's common units on the distribution date ($16.24)) equal to the per unit amount of the distribution. Currently, the multiplier for these CPUs is "1.25."
Common Units representing limited partner interests ("common units").
Represents additional CPUs received by the Reporting Person pursuant to the terms of previously granted PDRs. Each PDR entitles the Reporting Person to additional CPUs with a value equal to the amount of distributions paid on each common unit. On October 16, 2014, BBEP paid a cash distribution to holders of its common units in an amount equal to 16.75 cents per common unit. Pursuant to the terms of the PDRs, the Reporting Person received a number of additional CPUs in respect of each PDR with values (based on the closing price of BBEP's common units on the distribution date ($16.24)) equal to the per unit amount of the distributions. Currently, the multiplier for these CPUs is "1."
/s/ Gloria Lee, Attorney-in-Fact
2014-10-20
EX-24
2
poa-gregorycbrown.txt
GREGORY C BROWN POWER OF ATTORNEY 09.15.2014
POWER OF ATTORNEY
Know all by these presents, that the undersigned hereby constitutes and
appoints each of Roberta E. Kass, Gloria Lee and Eureka Nutt, signing singly,
the undersigned's true and lawful attorney-in-fact to:
(1) execute for and on behalf of the undersigned, in the undersigned's
capacity as an officer of Breitburn GP LLC, the general partner of
Breitburn Energy Partners LP (the "Company"), Forms 3, 4, and 5 and any
amendments thereto in accordance with Section 16(a) of the Securities
Exchange Act of 1934 and the rules thereunder;
(2) do and perform any and all acts for and on behalf of the undersigned
which may be necessary or desirable to complete and execute any such Form
3, 4, or 5, complete and execute any amendment or amendments thereto, and
timely file such form with the United States Securities and Exchange
Commission and any stock exchange or similar authority; and
(3) take any other action of any type whatsoever in connection with the
foregoing which, in the opinion of such attorney-in-fact, may be of benefit
to, in the best interest of, or legally required by, the undersigned, it
being understood that the documents executed by such attorney-in-fact on
behalf of the undersigned pursuant to this Power of Attorney shall be in
such form and shall contain such terms and conditions as such
attorney-in-fact may approve in such attorney-in-fact's discretion.
The undersigned hereby grants to each such attorney-in-fact full power and
authority to do and perform any and every act and thing whatsoever requisite,
necessary, or proper to be done in the exercise of any of the rights and powers
herein granted, as fully to all intents and purposes as the undersigned might or
could do if personally present, with full power of substitution or revocation,
hereby ratifying and confirming all that such attorney-in-fact, or such
attorney-in-fact's substitute or substitutes, shall lawfully do or cause to be
done by virtue of this power of attorney and the rights and powers herein
granted. The undersigned acknowledges that the foregoing attorneys-in-fact, in
serving in such capacity at the request of the undersigned, are not assuming,
nor is the Company assuming, any of the undersigned's responsibilities to comply
with Section 16 of the Securities Exchange Act of 1934.
This Power of Attorney shall remain in full force and effect until the
undersigned is no longer required to file Forms 3, 4, and 5 with respect to the
undersigned's holdings of and transactions in securities issued by the Company,
unless earlier revoked by the undersigned in a signed writing delivered to the
foregoing attorneys-in-fact.
IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney to be
executed as of this 15th day of September, 2014.
Signature: /s/ GREGORY C. BROWN
---------------------------
Print Name: Gregory C. Brown