Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | BPMP | Common Units representing limited partner interests | Disposed to Issuer | $0 | -5.56K | -100% | $0.00* | 0 | Apr 5, 2022 | Direct | F1 |
Douglas Sparkman is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.
Id | Content |
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F1 | Pursuant to that certain Agreement and Plan of Merger, dated as of December 19, 2021 (the "Merger Agreement"), by and among BP p.l.c. ("BP"), the Issuer and the other parties thereto, BP acquired all of the outstanding common units representing limited partnership interests in the Issuer not already held by BP or one of its subsidiaries (the "Public Common Units") via a merger that resulted in the Issuer surviving the merger as an indirect, wholly owned subsidiary of BP. Pursuant to the Merger Agreement, each Public Common Unit has converted into the right to receive 0.575 American Depository Shares of BP representing a beneficial interest in six ordinary shares of BP, par value $0.25 per share. |
The issuer is a Delaware limited partnership, managed by the directors and officers of its general partner, BP Midstream Partners GP LLC (the "General Partner). Mr. Sparkman is a Director of the General Partner.