0001605194-18-000004.txt : 20181019
0001605194-18-000004.hdr.sgml : 20181019
20181019181104
ACCESSION NUMBER: 0001605194-18-000004
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20181019
FILED AS OF DATE: 20181019
DATE AS OF CHANGE: 20181019
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Watkins Gary D.
CENTRAL INDEX KEY: 0001605194
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-37365
FILM NUMBER: 181131274
MAIL ADDRESS:
STREET 1: 6640 W. 143RD STREET, SUITE 200
CITY: OVERLAND PARK
STATE: KS
ZIP: 66223
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Tallgrass Energy, LP
CENTRAL INDEX KEY: 0001633651
STANDARD INDUSTRIAL CLASSIFICATION: NATURAL GAS TRANSMISSION [4922]
IRS NUMBER: 000000000
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 4200 W. 115TH STREET, SUITE 350
CITY: LEAWOOD
STATE: KS
ZIP: 66211
BUSINESS PHONE: 913-928-6060
MAIL ADDRESS:
STREET 1: 4200 W. 115TH STREET, SUITE 350
CITY: LEAWOOD
STATE: KS
ZIP: 66211
FORMER COMPANY:
FORMER CONFORMED NAME: Tallgrass Energy GP, LP
DATE OF NAME CHANGE: 20150211
4
1
wf-form4_153998704776724.xml
FORM 4
X0306
4
2018-10-19
0
0001633651
Tallgrass Energy, LP
TGE
0001605194
Watkins Gary D.
4200 W. 115TH STREET, SUITE 350
LEAWOOD
KS
66211
0
1
0
0
See Remarks
Class A Shares
2018-10-19
4
A
0
70000
0
A
232230
D
Represents 70,000 unvested Equity Participation Shares ("EPSs") granted to the Reporting Person, which will vest on the earliest date on or after November 1, 2022, on which the average compounded annual distribution growth rate for regular quarterly Issuer distributions, based upon the regular quarterly distribution paid by the Issuer on or immediately prior to, such date is at least 5% over an annualized distribution rate of $1.99 per Class A Share, as determined by the board of directors of the general partner of the Issuer (the "Board") or such committee thereof appointed by the Board to administer the EPSs (the "$1.99 Distribution Hurdle Date"). If the $1.99 Distribution Hurdle Date has not occurred by October 19, 2025, the 70,000 EPSs described in this footnote 1 will expire and terminate and no vesting will occur.
Includes 185,400 unvested EPSs granted to the Reporting Person, of which (i) 35,000 will vest on May 12, 2019, (ii) 6,400 will vest on May 13, 2019, (iii) 4,000 will vest on November 1, 2019, (iv) 70,000 will vest in accordance with the terms described in footnote 3, and (v) 70,000 will vest in accordance with the terms described in footnote 1.
70,000 unvested EPSs granted to the Reporting Person will vest on the earliest date on or after April 1, 2021 on which the average compounded annual distribution growth rate for regular quarterly Issuer distributions, based upon the regular quarterly distribution paid by the Issuer on, or immediately prior to, such date is at least 5% over an annualized distribution rate of $1.67 per Class A Share, as determined by the Board or such committee thereof appointed by the Board to administer the EPSs (the "$1.67 Distribution Hurdle Date"). If the $1.67 Distribution Hurdle Date has not occurred by August 2, 2024, the 70,000 EPSs described in this footnote 3 will expire and terminate and no vesting will occur.
Vice President and Chief Accounting Officer
/s/ Christopher R. Jones, Attorney-in-Fact
2018-10-19