Mark Haney - 09 Mar 2022 Form 4 Insider Report for PHILLIPS 66 PARTNERS LP

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
09 Mar 2022, 16:17:45 UTC
Prior SEC filing
20 Jan 2022
Next SEC filing
25 Jul 2022
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Julie P. Pradel, Attorney-in-fact

Key filing fact

Mark Haney filed Form 4 for PHILLIPS 66 PARTNERS LP on 09 Mar 2022.

Key facts

  • This page summarizes Mark Haney's Form 4 filing for PHILLIPS 66 PARTNERS LP.
  • 2 reported transactions and 1 derivative row are listed below.
  • Accepted by SEC: 09 Mar 2022, 16:17.

Change

  • Previous filing in this sequence was filed on 20 Jan 2022.
  • Current net transaction value: $0.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

PSXP transaction

Common Units

Disposed to Issuer

Transaction value
Shares
-34,100
Change %
-100%
Price
Shares after
0
Date
09 Mar 2022
Ownership
Direct
Footnotes
F1

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

PSXP transaction Derivative

Phantom Units

Disposed to Issuer

Transaction value
Shares
-7,495
Change %
-100%
Price
Shares after
0
Date
09 Mar 2022
Ownership
Direct
Underlying class
Common Units
Underlying amount
7,495
Exercise price
Footnotes
F2
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

Mark Haney is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 2 footnotes

Footnote F1

Pursuant to that certain Agreement and Plan of Merger dated October 26, 2021 (the "Merger Agreement") by and among the Issuer, Phillips 66, Phoenix Sub LLC, a Delaware limited liability company and jointly owned subsidiary of P66 Company and P66 PDI ("Merger Sub") and the other parties thereto, on March 9, 2022, Merger Sub merged with and into the Issuer, with the Issuer surviving as an indirect, wholly owned subsidiary of Phillips 66 (the "Merger"). At the effective time of the Merger (the "Effective Time"), each outstanding Common Unit held by the Reporting Person was converted into the right to receive 0.500 shares (the "Exchange Ratio") of common stock, par value $0.01 per share, of Phillips 66 (the "Merger Consideration").

Footnote F2

At the Effective Time, each of the outstanding equity awards held the Reporting Person became fully vested and automatically converted into the right to receive, with respect to each Common Unit subject thereto, the Merger Consideration (or, to the extent set forth under the terms of the applicable award, cash in an amount equal to the value of the Merger Consideration based on the closing price of a share of Phillips 66 Common Stock as of the closing date of the Merger) plus any accrued but unpaid amounts in relation to distribution equivalent rights.

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