0001193125-17-122971.txt : 20170413 0001193125-17-122971.hdr.sgml : 20170413 20170413135756 ACCESSION NUMBER: 0001193125-17-122971 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 3 FILED AS OF DATE: 20170413 DATE AS OF CHANGE: 20170413 GROUP MEMBERS: FIRST RESERVE GP XIII LTD GROUP MEMBERS: FIRST RESERVE GP XIII, L.P. GROUP MEMBERS: FR WES CO-INVESTMENT LP GROUP MEMBERS: FR XIII CHARLIE AIV, L.P. GROUP MEMBERS: FR XIII WES HOLDINGS LLC GROUP MEMBERS: FR XIII WES HOLDINGS PARENT LLC SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Western Gas Partners LP CENTRAL INDEX KEY: 0001414475 STANDARD INDUSTRIAL CLASSIFICATION: NATURAL GAS TRANSMISSION [4922] IRS NUMBER: 261075808 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-84028 FILM NUMBER: 17760207 BUSINESS ADDRESS: STREET 1: 1201 LAKE ROBBINS DRIVE CITY: THE WOODLANDS STATE: TX ZIP: 77380 BUSINESS PHONE: 832-636-1000 MAIL ADDRESS: STREET 1: 1201 LAKE ROBBINS DRIVE CITY: THE WOODLANDS STATE: TX ZIP: 77380 FORMER COMPANY: FORMER CONFORMED NAME: Western Gas Partners DATE OF NAME CHANGE: 20071009 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: MACAULAY WILLIAM E CENTRAL INDEX KEY: 0000908428 FILING VALUES: FORM TYPE: SC 13G MAIL ADDRESS: STREET 1: ONE LAFAYETTE PLACE STREET 2: THIRD FLOOR CITY: GREENWICH STATE: CT ZIP: 06830 SC 13G 1 d363441dsc13g.htm SC 13G SC 13G

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13G

Under the Securities Exchange Act of 1934

 

 

WESTERN GAS PARTNERS, LP

(Name of Issuer)

Common Units

(Title of Class of Securities)

958254104

(CUSIP Number)

February 23, 2017

(Date of Event which Requires Filing of this Statement)

 

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

☐ Rule 13d-1(b)

☒ Rule 13d-1(c)

☐ Rule 13d-1(d)

 

* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

 


CUSIP No. 958254104   13G   Page 2 of 19 Pages

 

  1.   

Name of Reporting Persons:

 

FR XIII WES Holdings LLC

  2.  

Check the Appropriate Box if a Member of a Group

(a)  ☒        (b)  ☐

 

  3.  

SEC Use Only

 

  4.  

Citizenship or Place of Organization:

 

Delaware

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

   5.    

Sole Voting Power:

 

9,024,235

   6.   

Shared Voting Power:

 

0

   7.   

Sole Dispositive Power:

 

9,024,235

   8.   

Shared Dispositive Power:

 

0

  9.  

Aggregate Amount Beneficially Owned by Each Reporting Person:

 

9,024,235

10.

 

Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

 

11.

 

Percent of Class Represented by Amount in Row (9):

 

5.9%

12.

 

Type of Reporting Person (See Instructions):

 

OO


CUSIP No. 958254104   13G   Page 3 of 19 Pages

 

  1.   

Name of Reporting Persons:

 

FR WES Co-Investment LP

  2.  

Check the Appropriate Box if a Member of a Group

(a)  ☒        (b)  ☐

 

  3.  

SEC Use Only

 

  4.  

Citizenship or Place of Organization:

 

Delaware

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

   5.    

Sole Voting Power:

 

4,687,500

   6.   

Shared Voting Power:

 

0

   7.   

Sole Dispositive Power:

 

4,687,500

   8.   

Shared Dispositive Power:

 

0

  9.  

Aggregate Amount Beneficially Owned by Each Reporting Person:

 

4,687,500

10.

 

Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

 

11.

 

Percent of Class Represented by Amount in Row (9):

 

3.1%

12.

 

Type of Reporting Person (See Instructions):

 

PN


CUSIP No. 958254104   13G   Page 4 of 19 Pages

 

  1.   

Name of Reporting Persons:

 

FR XIII WES Holdings Parent LLC

  2.  

Check the Appropriate Box if a Member of a Group

(a)  ☒        (b)  ☐

 

  3.  

SEC Use Only

 

  4.  

Citizenship or Place of Organization:

 

Delaware

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

   5.    

Sole Voting Power:

 

9,024,235

   6.   

Shared Voting Power:

 

0

   7.   

Sole Dispositive Power:

 

9,024,235

   8.   

Shared Dispositive Power:

 

0

  9.  

Aggregate Amount Beneficially Owned by Each Reporting Person:

 

9,024,235

10.

 

Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

 

11.

 

Percent of Class Represented by Amount in Row (9):

 

5.9%

12.

 

Type of Reporting Person (See Instructions):

 

OO


CUSIP No. 958254104   13G   Page 5 of 19 Pages

 

  1.   

Name of Reporting Persons:

 

FR XIII Charlie AIV, L.P.

  2.  

Check the Appropriate Box if a Member of a Group

(a)  ☒        (b)  ☐

 

  3.  

SEC Use Only

 

  4.  

Citizenship or Place of Organization:

 

Cayman Islands

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

   5.    

Sole Voting Power:

 

9,024,235

   6.   

Shared Voting Power:

 

0

   7.   

Sole Dispositive Power:

 

9,024,235

   8.   

Shared Dispositive Power:

 

0

  9.  

Aggregate Amount Beneficially Owned by Each Reporting Person:

 

9,024,235

10.

 

Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

 

11.

 

Percent of Class Represented by Amount in Row (9):

 

5.9%

12.

 

Type of Reporting Person (See Instructions):

 

PN


CUSIP No. 958254104   13G   Page 6 of 19 Pages

 

  1.   

Name of Reporting Persons:

 

First Reserve GP XIII, L.P.

  2.  

Check the Appropriate Box if a Member of a Group

(a)  ☒        (b)  ☐

 

  3.  

SEC Use Only

 

  4.  

Citizenship or Place of Organization:

 

Cayman Islands

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

   5.    

Sole Voting Power:

 

9,024,235

   6.   

Shared Voting Power:

 

0

   7.   

Sole Dispositive Power:

 

9,024,235

   8.   

Shared Dispositive Power:

 

0

  9.  

Aggregate Amount Beneficially Owned by Each Reporting Person:

 

9,024,235

10.

 

Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

 

11.

 

Percent of Class Represented by Amount in Row (9):

 

5.9%

12.

 

Type of Reporting Person (See Instructions):

 

PN


CUSIP No. 958254104   13G   Page 7 of 19 Pages

 

  1.   

Name of Reporting Persons:

 

First Reserve GP XIII Limited

  2.  

Check the Appropriate Box if a Member of a Group

(a)  ☒        (b)  ☐

 

  3.  

SEC Use Only

 

  4.  

Citizenship or Place of Organization:

 

Cayman Islands

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

   5.    

Sole Voting Power:

 

13,711,735

   6.   

Shared Voting Power:

 

0

   7.   

Sole Dispositive Power:

 

13,711,735

   8.   

Shared Dispositive Power:

 

0

  9.  

Aggregate Amount Beneficially Owned by Each Reporting Person:

 

13,711,735

10.

 

Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

 

11.

 

Percent of Class Represented by Amount in Row (9):

 

9.0%

12.

 

Type of Reporting Person (See Instructions):

 

CO


CUSIP No. 958254104   13G   Page 8 of 19 Pages

 

  1.   

Name of Reporting Persons:

 

William E. Macaulay

  2.  

Check the Appropriate Box if a Member of a Group

(a)  ☒        (b)  ☐

 

  3.  

SEC Use Only

 

  4.  

Citizenship or Place of Organization:

 

United States

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

   5.    

Sole Voting Power:

 

14,333,505

   6.   

Shared Voting Power:

 

0

   7.   

Sole Dispositive Power:

 

14,333,505

   8.   

Shared Dispositive Power:

 

0

  9.  

Aggregate Amount Beneficially Owned by Each Reporting Person:

 

14,333,505

10.

 

Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

 

11.

 

Percent of Class Represented by Amount in Row (9):

 

9.4%

12.

 

Type of Reporting Person (See Instructions):

 

IN


Item 1. (a). Name of Issuer

Western Gas Partners, LP (the “Company”)

 

     (b). Address of Issuer’s Principal Executive Offices:

1201 Lake Robbins Drive

The Woodlands, Texas 77380

 

Item 2(a). Name of Person Filing

Each of the following is hereinafter individually referred to as a “Reporting Person” and collectively as the “Reporting Persons.” This statement is filed on behalf of:

 

  (i) FR XIII WES Holdings LLC

 

  (ii) FR WES Co-Investment LP

 

  (iii) FR XIII WES Holdings Parent LLC

 

  (iv) FR XIII Charlie AIV, L.P.

 

  (v) First Reserve GP XIII, L.P.

 

  (vi) First Reserve GP XIII Limited

 

  (vii) William E. Macaulay

FR XIII WES Holdings Parent LLC is the managing member of FR XIII WES Holdings, LLC. FR XIII Charlie AIV, L.P. is the sole member of FR XIII WES Holdings Parent LLC. First Reserve GP XIII, L.P. is the general partner of FR XIII Charlie AIV, L.P. First Reserve GP XIII Limited is the general partner of each of First Reserve GP XIII, L.P. and FR WES Co-Investment LP. William E. Macaulay is Chairman of First Reserve GP XIII Limited and has the right to appoint a majority of the board of directors of First Reserve GP XIII Limited.

 

Item 2(b). Address of Principal Business Office

One Lafayette Place, Third Floor, Greenwich, Connecticut 06830

 

Item 2(c). Citizenship

Each of FR XIII WES Holdings LLC, FR WES Co-Investment LP and FR XIII WES Holdings Parent LLC is organized under the laws of the State of Delaware. Mr. Macaulay is a U.S. citizen. Each of FR XIII Charlie AIV, L.P., First Reserve GP XIII, L.P. and First Reserve GP XIII Limited are organized under the laws of the Cayman Islands.

 

Page 9


Item 2(d). Title of Class of Securities:

Common Units (the “Common Units”).

 

Item 2(e). CUSIP Number:

958254104

 

Item 3. If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a:

Not applicable.

 

Item 4. Ownership.

(a) Amount beneficially owned:

As of the date hereof, each of the Reporting Persons may be deemed to be the beneficial owner of the Common Units listed on such Reporting Person’s cover page. FR XIII WES Holdings LLC directly holds 4,512,117 Common Units and 4,512,118 Series A Preferred Units of the Company (“Preferred Units”) that will convert into Common Units on a one-for-one basis on May 2, 2017, pursuant to the terms of a Consent and Conversion Agreement, dated as of February 22, 2017, entered into by and among the Company and holders of Preferred Units party thereto (the “Conversion Agreement”), and FR WES Co-Investment LP directly holds 2,343,750 Common Units and 2,343,750 Preferred Units that will convert into Common Units on a one-for-one basis on May 2, 2017, pursuant to the terms of the Conversion Agreement. Mr. Macaulay may be deemed to beneficially own an additional 621,770 Common Units held directly by KA First Reserve, LLC. Mr. Macaulay is Chairman of First Reserve GP XI, Inc. and has the right to appoint a majority of the board of directors. First Reserve GP XI, Inc. is the general partner of First Reserve GP XI, L.P., which owns a majority of the membership interests in KA First Reserve, LLC and controls the board of managers of KA First Reserve, LLC.

(b) Percent of class:

As of the date hereof, each of the Reporting Persons may be deemed to be the beneficial owner of the percentage of shares of Common Stock listed on such Reporting Person’s cover page.

(c) Number of Shares as to which the Reporting Person has:

 

  (i) Sole power to vote or to direct the vote:

See each cover page hereof.

 

  (ii) Shared power to vote or to direct the vote:

See each cover page hereof.

 

  (iii) Sole power to dispose or to direct the disposition of:

See each cover page hereof.

 

  (iv) Shared power to dispose or to direct the disposition of:

See each cover page hereof.

 

Page 10


Item 5. Ownership of Five Percent or Less of a Class

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following:  ☐

 

Item 6. Ownership of More than Five Percent on Behalf of Another Person.

Not applicable.

 

Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company.

Not applicable.

 

Item 8. Identification and Classification of Members of the Group.

Not applicable.

 

Item 9. Notice of Dissolution of Group.

Not Applicable.

 

Item 10. Certification.

Each of the Reporting Persons hereby makes the following certification:

By signing below the undersigned certifies that, to the best of its or his knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §240.14a-11.

 

Page 11


SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Dated: April 13, 2017

 

FR XIII WES HOLDINGS, LLC
By:   FR XIII West Holdings Parent LLC, managing member
By:   FR XIII Charlie AIV, L.P., managing member
By:   First Reserve GP XIII, L.P., its general partner
By:   First Reserve GP XIII Limited, its general partner
By:  

/s/ Gary D. Reaves

Name:   Gary D. Reaves
Title:   Managing Director
FR WES CO-INVESTMENT LP
By:   First Reserve GP XIII Limited, its general partner
By:  

/s/ Gary D. Reaves

Name:   Gary D. Reaves
Title:   Managing Director
FR XIII WES HOLDINGS PARENT LLC
By:   FR XIII Charlie AIV, L.P., managing member
By:   First Reserve GP XIII, L.P., its general partner
By:   First Reserve GP XIII Limited, its general partner
By:  

/s/ Gary D. Reaves

Name:   Gary D. Reaves
Title:   Managing Director
FR XIII CHARLIE AIV, L.P.
By:   First Reserve GP XIII, L.P., its general partner
By:   First Reserve GP XIII Limited, its general partner
By:  

/s/ Gary D. Reaves

Name:   Gary D. Reaves
Title:   Managing Director

[Western Gas Partners, LP – Schedule 13G]

 

Page 12


FIRST RESERVE GP XIII, L.P.
By:   First Reserve GP XIII Limited, its general partner
By:  

/s/ Gary D. Reaves

Name:   Gary D. Reaves
Title:   Managing Director
FIRST RESERVE GP XIII LIMITED
By:  

/s/ Gary D. Reaves

Name:   Gary D. Reaves
Title:   Managing Director
WILLIAM E. MACAULAY
By:  

/s/ Anne E. Gold

Name:   Anne E. Gold
Title:   Attorney-in-Fact

[Western Gas Partners, LP – Schedule 13G]

 

Page 13


EXHIBIT LIST

 

Exhibit A    Joint Filing Agreement, dated April 13, 2017, among the Reporting Persons (filed herewith).
Exhibit B    Power of Attorney, dated December 8, 2016, granted by William E. Macaulay (filed herewith).

 

 

Page 14

EX-99.A 2 d363441dex99a.htm EX-99.A EX-99.A

Exhibit A

JOINT FILING AGREEMENT

Pursuant to and in accordance with the Securities Exchange Act of 1934, as amended, and the rules and regulations thereunder (the “Exchange Act”) the undersigned hereby agree to the joint filing of FR XIII WES Holdings LLC, FR WES Co-Investment LP, FR XIII WES Holdings Parent LLC, FR XIII Charlie AIV, L.P., First Reserve GP XIII, L.P., First Reserve GP XIII Limited, and William E. Macaulay, on behalf of each of them of any filing required by such party under Section 13 or Section 16 of the Exchange Act or any rule or regulation thereunder (including any amendment, restatement, supplement, and/or exhibit thereto) with respect to securities of Western Gas Partners, LP, a Delaware limited partnership, and further agree to the filing, furnishing, and/or incorporation by reference of this Agreement as an exhibit thereto. This Agreement shall remain in full force and effect until revoked by any party hereto in a signed writing provided to each other party hereto, and then only with respect to such revoking party. This Agreement may be executed in any number of counterparts all of which taken together shall constitute one and the same instrument.

IN WITNESS WHEREOF, the undersigned hereby execute this Agreement this 13th day of April 2017.

 

FR XIII WES HOLDINGS, LLC
By:   FR XIII West Holdings Parent LLC, managing member
By:   FR XIII Charlie AIV, L.P., managing member
By:   First Reserve GP XIII, L.P., its general partner
By:   First Reserve GP XIII Limited, its general partner
By:  

/s/ Gary D. Reaves

Name:   Gary D. Reaves
Title:   Managing Director
FR WES CO-INVESTMENT LP
By:   First Reserve GP XIII Limited, its general partner
By:  

/s/ Gary D. Reaves

Name:   Gary D. Reaves
Title:   Managing Director

[Western Gas Partners, LP – Joint Filing Agreement]

 

Page 15


FR XIII WES HOLDINGS PARENT LLC
By:   FR XIII Charlie AIV, L.P., managing member
By:   First Reserve GP XIII, L.P., its general partner
By:   First Reserve GP XIII Limited, its general partner
By:  

/s/ Gary D. Reaves

Name:   Gary D. Reaves
Title:   Managing Director
FR XIII CHARLIE AIV, L.P.
By:   First Reserve GP XIII, L.P., its general partner
By:   First Reserve GP XIII Limited, its general partner
By:  

/s/ Gary D. Reaves

Name:   Gary D. Reaves
Title:   Managing Director
FIRST RESERVE GP XIII, L.P.
By:   First Reserve GP XIII Limited, its general partner
By:  

/s/ Gary D. Reaves

Name:   Gary D. Reaves
Title:   Managing Director
FIRST RESERVE GP XIII LIMITED
By:  

/s/ Gary D. Reaves

Name:   Gary D. Reaves
Title:   Managing Director
WILLIAM E. MACAULAY
By:  

Anne E. Gold

Name:   Anne E. Gold
Title:   Attorney-in-Fact

[Western Gas Partners, LP – Joint Filing Agreement]

 

Page 16

EX-99.B 3 d363441dex99b.htm EX-99.B EX-99.B

Exhibit B

POWER OF ATTORNEY

(LIMITED)

KNOW ALL MEN BY THESE PRESENTS, that I, WILLIAM E. MACAULAY of the Town/City of GREENWICH, County of FAIRFIELD, State of CONNECTICUT, reposing special trust and confidence in ANNE E. GOLD, of the Town of RYE, County of WESTCHESTER, State of NEW YORK and/or, ROBERT J. GALLAGHER, of the Town of RYE, County of WESTCHESTER, State of NEW YORK, have made, constituted and appointed, and by these presents do make, constitute and appoint each of the said ANNE E. GOLD and/or ROBERT J. GALLAGHER, my true and lawful attorney-in-fact and agent, both FOR ME PERSONALLY and in my name, place and stead, IN MY CAPACITY AS AN OFFICER OR DIRECTOR OF:

FRC FOUNDERS CORPORATION (“FOUNDERS”)

FIRST RESERVE CORPORATION, L.L.C. (“FRC”)

FIRST RESERVE PARTNERS LIMITED (“FRPL”)

FIRST RESERVE MANAGEMENT LIMITED (“FRML”)

FIRST RESERVE GP XIII LIMITED (“GP XIII”)

FIRST RESERVE GP XII LIMITED (“GP XII”)

FIRST RESERVE GP XI, INC. (“GP XI”)

FR XI OFFSHORE GP LIMITED (“OFFSHORE XI”)

FR HORIZON GP LIMITED (“FR HORIZON”)

FIRST RESERVE GP X, INC. (“GP X”)

FR X OFFSHORE GP LIMITED (“OFFSHORE X”)

FIRST RESERVE ENERGY INFRASTRUCTURE GP LIMITED (“FREI”)

FIRST RESERVE ENERGY INFRASTRUCTURE GP II LIMITED (“FREI II”)

FIRST RESERVE OLD CLEM GP LIMITED (“CLEM”)

FIRST RESERVE OLD CLEM GP II LIMITED (“CLEM II”)

FR DGE III ALTERNATIVE B GP, LTD. (“DGE III”)

FIRST RESERVE UPSTREAM ANNEX GP, INC. (“ANNEX”)

or any entity of which any the foregoing is the direct or indirect general partner or for which any of the foregoing otherwise has the authority to act (collectively with FOUNDERS, FRC, FRPL, FRML, GP XIII, GP XII, GP XI, OFFSHORE XI, FR HORIZON, GP X, OFFSHORE X, FREI, FREI II, CLEM, CLEM II, DGE III, and ANNEX the “First Reserve Entities”), with full power and authority to do and perform each and every act necessary, as fully as I might do if personally present, to accomplish and complete the following acts or transactions:

1. With respect to any entity in which any First Reserve Entities have an investment (each a “Company”), sign on my behalf, any and all filings (including filings with the Securities and Exchange Commission), agreements, notices or documents arising from, or related to any Company, including, (a) any holdings or investments of any First Reserve Entities in any Company; and (b) any holdings or investments of mine in any Company.

 

Page 17


2. Seek or obtain, as my representative and on my behalf, from any third party, including brokers, employee benefit plan administrators and trustees, information on transactions involving any Company or the securities of any Company, and I hereby authorize any such persons to release any such information to either attorney-in-fact designated hereunder and approve and ratify any such release of information; and

3. Perform any and all other acts which in the discretion of either such attorney-in-fact are necessary or desirable for and on my behalf in connection with the foregoing.

I acknowledge that:

(a) this Power of Attorney authorizes, but does not require, either such attorney-in-fact to act in his or her discretion on information provided to either such attorney-in-fact without independent verification of such information;

(b) any documents prepared and/or executed by either such attorney-in-fact on my behalf pursuant to this Power of Attorney will be in such form and will contain such information and disclosure as either such attorneys-in-fact, in his or her discretion, deems necessary or desirable;

(c) neither such attorney-in-fact nor any Company assumes (i) any liability for my responsibility to comply with the requirements of any law or regulation, including without limitation the Securities Act of 1933, as amended (the “Securities Act”) or the Exchange Act of 1934, as amended (the “Exchange Act”), or (ii) any liability of mine for any failure to comply with such requirements; and

(d) this Power of Attorney does not relieve me from responsibility for compliance with my obligations under any law or regulation, including without limitation the requirements under the Securities Act and the Exchange Act.

I hereby give and grant ANNE E. GOLD and/or ROBERT J. GALLAGHER, in the capacity set forth above, full power and authority to do and perform all and every act and thing whatsoever requisite, necessary or appropriate to be done in and about the foregoing matters as fully to all intents and purposes as I might or could do if present, hereby ratifying all that either such attorney-in-fact of, for and on my behalf, shall lawfully do or cause to be done by virtue of this Power of Attorney.

[Remainder of Page Intentionally Blank]

 

Page 18


This POWER OF ATTORNEY shall remain in effect until revoked and shall not be affected by disability of the Principal.

EXECUTED this 8th Day of December, 2016

/s/ William E. Macaulay                    

STATE OF CONNECTICUT)

                                                  )SS. Greenwich

COUNTY OF FAIRFIELD)

The foregoing instrument was acknowledged before me this 8th day of December, 2016, by William E. Macaulay, the Principal.

Witness my hand and official seal: Wendy Chauncey, Notary /s/ Wendy Chauncey

 

My commission expires: October 31, 2017                                                     

/s/ Anne E. Gold

Specimen Signature of Agent-Attorney

Anne E. Gold

   

/s/ Robert J. Gallagher

Specimen Signature of Agent-Attorney

Robert J. Gallagher

 

Page 19