| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | PAA | Common Units | Options Exercise | $0 | +3.75K | +21.41% | $0.00 | 21.3K | Aug 13, 2021 | Direct | F1, F2 |
| holding | PAA | Common Units | 13.8K | Aug 13, 2021 | By Spouse | F2 |
| 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 | -3.75K | -100% | $0.00* | 0 | Aug 13, 2021 | Common Units | 3.75K | Direct | F3, F4, F5, F6 |
| Id | Content |
|---|---|
| F1 | Includes 7,500 units held jointly with Reporting Person's spouse. |
| F2 | In February 2020, the reporting person and his spouse received 2,784 and 2,785 common units of PAA, respectively, in a distribution from their respective grantor retained annuity trusts in accordance with the terms of the GRATs. The distribution of units from the GRATs resulted in a decrease in the number of units beneficially owned indirectly through the GRATs, and a corresponding increase in the number of units beneficially owned directly and indirectly through spouse. The distribution of units from the GRATs constituted a change in form of beneficial ownership, which is exempt under Rule 16a-13 of the Exchange Act. |
| F3 | Phantom Units granted under Long-Term Incentive Plan (includes distribution equivalent rights payable in cash). |
| F4 | One common unit is deliverable, upon vesting, for each Phantom Unit that vests. |
| F5 | Phantom Units vest annually on August distribution date. |
| F6 | Upon termination of service as director, other than because of death, disability or retirement. |