Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | PAGP | Class B Units | Options Exercise | $0 | -37.6K | -100% | $0.00* | 0 | Jan 4, 2023 | Class A Units/Class B Shares | 35.4K | $0.00 | Direct | F1 |
transaction | PAGP | Class A Units/Class B Shares | Options Exercise | $0 | +35.4K | $0.00 | 35.4K | Jan 4, 2023 | Class A Shares | 35.4K | $0.00 | Direct | F1, F2 |
Id | Content |
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F1 | Pursuant to the limited partnership agreement of Plains AAP, L.P. ("AAP"), a holder of vested Class B Units of AAP, (the "Class B Units") may convert (the "Conversion Right"), at any time and from time to time, such Class B Units into Class A Units of AAP (the "Class A Units") and Class B Shares (the "Class B Shares") of Plains GP Holdings, L.P. ("PAGP"), at a conversion ratio of approximately 0.941 Class A Units and Class B Shares for each Class B Unit. The Conversion Right does not expire. On January 4, 2023, the Reporting Person exercised his right to convert 37,552 vested Class B Units into 35,350 Class A Units and Class B shares. |
F2 | Pursuant to the limited partnership agreement of AAP, Reporting Person has the right, at any time and from time to time, to exchange (the "Exchange Right") his Class A Units, together with a like number of Class B Shares, for Class A Shares of PAGP on a one-for-one basis. The Reporting Person has not yet exercised the Exchange Right; the Exchange Right does not expire. |