Shawn J. Carsten - Oct 19, 2022 Form 4 Insider Report for Shell Midstream Partners, L.P. (SHLX)

Role: Officer, Director
Signature: /s/ Lori M. Muratta, as Attorney-in-Fact for Shawn J. Carsten
Stock symbol: SHLX
Transactions as of: Oct 19, 2022
Transactions value $: -$296,395
Form type: 4
Date filed: 10/19/2022, 11:28 AM
Previous filing: Aug 11, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SHLX	Common Units representing limited partner interests	Disposed to Issuer	-$296K	-18.7K	-100%	$15.85	0	Oct 19, 2022	Direct	F1

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

Shawn J. Carsten 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 as of July 25, 2022 (the "Merger Agreement"), by and among Shell USA, Inc. ("Shell"), the Issuer and the other parties thereto, Shell acquired all of the outstanding common units representing limited partnership interests in the Issuer not already held by Shell or its affiliates (the "Public Common Units") via a merger that resulted in the Issuer surviving the merger as an indirect, wholly owned subsidiary of Shell. Pursuant to the Merger Agreement, each Public Common Unit has converted into the right to receive $15.85 in cash per Public Common Unit.

Content

Pursuant to that certain Agreement and Plan of Merger, dated as of July 25, 2022 (the "Merger Agreement"), by and among Shell USA, Inc. ("Shell"), the Issuer and the other parties thereto, Shell acquired all of the outstanding common units representing limited partnership interests in the Issuer not already held by Shell or its affiliates (the "Public Common Units") via a merger that resulted in the Issuer surviving the merger as an indirect, wholly owned subsidiary of Shell. Pursuant to the Merger Agreement, each Public Common Unit has converted into the right to receive $15.85 in cash per Public Common Unit.

Remarks:

The Issuer is a Delaware limited partnership, managed by the directors and officers of its general partner, Shell Midstream Partners GP LLC (the "General Partner"). Mr. Carsten is the Vice President, Chief Financial Officer and Director of the General Partner.