Sean Trauschke - Dec 2, 2021 Form 4 Insider Report for Enable Midstream Partners, LP (ENBL)

Role: Director
Signature: J. Brent Hagy, attorney-in-fact
Stock symbol: ENBL
Transactions as of: Dec 2, 2021
Transactions value $: $0
Form type: 4
Date filed: 12/2/2021, 05:28 PM
Next filing: Jan 4, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ENBL	Common Units	Disposed to Issuer		-21K	-100%		0	Dec 2, 2021	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Sean Trauschke is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id	Content
F1	On December 2, 2021, pursuant to the Agreement and Plan of Merger, dated February 16, 2021 (the "Merger Agreement"), (i) a direct wholly owned subsidiary of Energy Transfer LP ("Energy Transfer") merged with and into the Issuer, with the Issuer surviving as a wholly owned subsidiary of Energy Transfer (the "LP Merger"), and (ii) immediately following the LP Merger, another direct wholly owned subsidiary of Energy Transfer merged with and into Enable GP, LLC ("Enable GP"), with Enable GP surviving the merger as a direct wholly owned subsidiary of Energy Transfer (the "GP Merger" and together with the LP Merger, the "Merger").
F2	(Continued from Footnote 1) On December 2, 2021, pursuant to the Merger Agreement, (i) each eligible common unit issued and outstanding immediately prior to the effective time of the Merger was converted into the right to receive 0.8595 common units representing limited partnership interests in Energy Transfer (the "Energy Transfer common units"). On December 2, 2021, the closing price of the Energy Transfer common units was $8.32.

Content

On December 2, 2021, pursuant to the Agreement and Plan of Merger, dated February 16, 2021 (the "Merger Agreement"), (i) a direct wholly owned subsidiary of Energy Transfer LP ("Energy Transfer") merged with and into the Issuer, with the Issuer surviving as a wholly owned subsidiary of Energy Transfer (the "LP Merger"), and (ii) immediately following the LP Merger, another direct wholly owned subsidiary of Energy Transfer merged with and into Enable GP, LLC ("Enable GP"), with Enable GP surviving the merger as a direct wholly owned subsidiary of Energy Transfer (the "GP Merger" and together with the LP Merger, the "Merger").

(Continued from Footnote 1) On December 2, 2021, pursuant to the Merger Agreement, (i) each eligible common unit issued and outstanding immediately prior to the effective time of the Merger was converted into the right to receive 0.8595 common units representing limited partnership interests in Energy Transfer (the "Energy Transfer common units"). On December 2, 2021, the closing price of the Energy Transfer common units was $8.32.

Remarks:

The Reporting Person is a director of Enable GP, the general partner of the issuer. The Issuer is managed by the board of directors and the officers of the general partner.