| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | ENLC | Series B Cumulative Convertible Preferred Units | Sale | -60.5M | -100% | 0 | Aug 4, 2021 | Common Units | 69.6M | See Explanation of Responses | F1, F2, F3, F4, F5 |
Enfield Holdings Advisors, Inc. is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.
| Id | Content |
|---|---|
| F1 | Pursuant to the terms of the Tenth Amended and Restated Agreement of Limited Partnership of EnLink MidStream Partners, LP ("ENLK"), dated as of January 25, 2019, Enfield Holdings had the right to exchange all or a portion of its Series B Cumulative Convertible Preferred Units ("Series B Preferred Units") of EnLink Midstream, LLC (the "Issuer") (along with a corresponding number of Class C Common Units of the Issuer ("Class C Common Units")) at any time for Common Units of the Issuer on a 1-for-1.15 basis, subject to certain adjustments. The right to exchange was not subject to an expiration date. |
| F2 | In connection with the sale of Series B Preferred Units, the Reporting Persons (as defined below) sold an equal number of Class C Common Units. The aggregate consideration received by the Reporting Persons was $841,344,238.80. |
| F3 | Enfield Holdings Advisors, Inc. ("Enfield Holdings Advisors" and, together with Enfield Holdings, the "Reporting Persons") is the general partner of Enfield Holdings, which directly held the Series B Preferred Units and Class C Common Units reported herein. |
| F4 | Affiliates of The Goldman Sachs Group, Inc. and affiliates of TPG Global, LLC own interests in Enfield Holdings Advisors and are making separate Form 4 filings. |
| F5 | Pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), this filing shall not be deemed an admission that the Reporting Persons are, for purposes of Section 16 of the Exchange Act or otherwise, the beneficial owners of any equity securities in excess of their respective pecuniary interests. |
(6) The Reporting Persons are jointly filing this Form 4 pursuant to Rule 16a-3(j) under the Exchange Act. * If the form is filed by more than one reporting person, see Instruction 4(b)(v). ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).