UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | SEC 1473 (7-02) | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. |
1. Title of Derivative Security (Instr. 4) |
2. Date Exercisable and Expiration Date (Month/Day/Year) |
3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) |
4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) |
6. Nature of Indirect Beneficial Ownership (Instr. 5) |
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Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
Phantom units (1) | Â (2) | Â (3) | Common Units (limited partner interests) | 6,094 | $ (4) | D | Â |
Phantom units (5) | Â (6) | Â (3) | Common Units (limited partner interests) | 3,583 | $ (4) | D | Â |
Phantom units (7) | Â (8) | Â (3) | Common Units (limited partner interests) | 1,694 | $ (4) | D | Â |
Phantom units (9) | Â (10) | Â (3) | Common Units (limited partner interests) | 1,733 | $ (4) | D | Â |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Webb Billy Edward 2103 CITYWEST BLVD. BUILDING 4, SUITE 800 HOUSTON, TX 77042 |
 |  |  PPL NGL |  |
/s/ Regina Gregory, as Attorney-In-Fact for Billy Edward Webb | 03/16/2017 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 5(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | Grant date 4/01/2016. |
(2) | One-third of the units vest on each of the first three anniversaries of the April 1, 2016 grant date. |
(3) | The phantom units do not expire. |
(4) | The phantom units are settled upon vesting in common units (on a one for one basis) or cash, at the discretion of the Issuer. |
(5) | Grant date is 4/1/2015. |
(6) | 1,792 units vest on 4/1/2017. The remaining 1,791 units vest on 4/1/2018. |
(7) | Grant date 04/01/2015. |
(8) | One-half of the units vest of 4/1/2017. The remaining one-half of the units vest on 4/1/2018. |
(9) | Grant date 4/1/2015. |
(10) | 100% of the units will vest on 4/1/2018. |