Swanson al - 14 May 2021 Form 4 Insider Report for PLAINS ALL AMERICAN PIPELINE LP (PAA)

Role: Executive VP & CFO
Signature: /s/ Al Swanson
Issuer symbol: PAA
Transactions as of: 14 May 2021
Net transactions value: -$36,567
Form type: 4
Filing time: 18 May 2021, 16:39:24 UTC
Next filing: 17 Aug 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PAA	Common Units	Options Exercise	$0	+15,000	+6%	$0.000000	263,306	14 May 2021	Direct
transaction	PAA	Common Units	Tax liability	$36,567	-3,653	-1.4%	$10.01	259,653	14 May 2021	Direct

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	PAA	Phantom Units	Options Exercise	$0	-15,000	-100%	$0.000000^*	0	14 May 2021	Common Units	15,000		Direct	F1, F2, F3

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

Explanation of Responses:

Id	Content
F1	Phantom Units granted under Long-Term Incentive Plan (includes associated distribution equivalent rights payable in cash).
F2	One Class A share is deliverable for each Phantom Class A share that vests.
F3	N/A