Richard H. Bachmann - Feb 16, 2022 Form 4 Insider Report for ENTERPRISE PRODUCTS PARTNERS L.P. (EPD)

Role
Director
Signature
/s/Jennifer W. Dickson, Attorney-in-Fact on behalf of Richard H. Bachmann
Stock symbol
EPD
Transactions as of
Feb 16, 2022
Transactions value $
-$1,670,904
Form type
4
Date filed
2/18/2022, 04:57 PM
Previous filing
Feb 9, 2022
Next filing
Feb 9, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EPD Common Units Representing Limited Partnership Interests Options Exercise +177K +11.91% 1.66M Feb 16, 2022 Direct F1
transaction EPD Common Units Representing Limited Partnership Interests Tax liability -$1.67M -69.7K -4.19% $23.99 1.59M Feb 16, 2022 Direct
holding EPD Common Units Representing Limited Partnership Interests 9.59K Feb 16, 2022 By Spouse

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction EPD Phantom Units Options Exercise $0 -177K -100% $0.00* 0 Feb 16, 2022 Common Units 177K Direct F1, F2
holding EPD Phantom Units 220K Feb 16, 2022 Common Units 220K Direct F1, F3
holding EPD Phantom Units 225K Feb 16, 2022 Common Units 225K Direct F1, F4
holding EPD Phantom Units 300K Feb 16, 2022 Common Units 300K Direct F1, F5
holding EPD Phantom Units 334K Feb 16, 2022 Common Units 334K Direct F1, F6, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each phantom unit is the economic equivalent of one Enterprise Products Partners L.P. ("EPD") common unit.
F2 These phantom units vested on February 16, 2022. These phantom units expired upon vesting and settlement thereof in exchange for an equal number of EPD common units.
F3 These phantom units vest on February 16, 2023. These phantom units will expire upon vesting and settlement thereof in exchange for an equal number of EPD common units.
F4 These phantom units vest on February 16, 2024. These phantom units will expire upon vesting and settlement thereof in exchange for an equal number of EPD common units.
F5 These phantom units vest on February 16, 2025. These phantom units will expire upon vesting and settlement thereof in exchange for an equal number of EPD common units.
F6 These phantom units vest in four equal annual installments beginning on February 16, 2023. Each annual installment will expire upon vesting and settlement thereof in exchange for an equal number of EPD common units.
F7 The power of attorney under which this form was signed is on file with the Commission.

Remarks:

Transaction Code M - Exercise or conversion of derivative security exempted pursuant to Rule 16b-3; Transaction Code F - Payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise or vesting of a security issued in accordance with Rule 16b-3