Steven Ledbetter - Oct 19, 2022 Form 4 Insider Report for Shell Midstream Partners, L.P. (SHLX)

Signature
/s/ Lori M. Muratta, as Attorney-in-Fact for Steven Ledbetter
Stock symbol
SHLX
Transactions as of
Oct 19, 2022
Transactions value $
-$63,400
Form type
4
Date filed
10/19/2022, 11:33 AM
Previous filing
Aug 10, 2021
Next filing
Apr 3, 2023

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 -$63.4K -4K -100% $15.85 0 Oct 19, 2022 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Steven Ledbetter 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.

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. Ledbetter is the President, Chief Executive Officer and Director of the General Partner.