Robert A. Herman - Mar 9, 2022 Form 4 Insider Report for PHILLIPS 66 PARTNERS LP (PSXP)

Role
Vice President, Director
Signature
/s/ Robert A. Herman
Stock symbol
PSXP
Transactions as of
Mar 9, 2022
Transactions value $
$0
Form type
4
Date filed
3/9/2022, 04:18 PM
Previous filing
Feb 10, 2022
Next filing
Jun 1, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PSXP Common Units Disposed to Issuer -25K -100% 0 Mar 9, 2022 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Robert A. Herman is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Pursuant to that certain Agreement and Plan of Merger dated October 26, 2021 (the "Merger Agreement") by and among the Issuer, Phillips 66, Phoenix Sub LLC, a Delaware limited liability company and jointly owned subsidiary of P66 Company and P66 PDI ("Merger Sub") and the other parties thereto, on March 9, 2022, Merger Sub merged with and into the Issuer, with the Issuer surviving as an indirect, wholly owned subsidiary of Phillips 66 (the "Merger"). At the effective time of the Merger (the "Effective Time"), each outstanding Common Unit held by the Reporting Person was converted into the right to receive 0.500 shares (the "Exchange Ratio") of common stock, par value $0.01 per share, of Phillips 66 (the "Merger Consideration").