Bobby S. Shackouls - 13 Aug 2021 Form 4 Insider Report for PLAINS ALL AMERICAN PIPELINE LP (PAA)

Source evidence Original filing metadata and source links for verification. 4 source fields
SEC form
4
Accepted by SEC
17 Aug 2021, 17:51:32 UTC
Next SEC filing
23 Aug 2021
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Bobby S. Shackouls

Key filing fact

Bobby S. Shackouls filed Form 4 for PLAINS ALL AMERICAN PIPELINE LP (PAA) on 17 Aug 2021.

Key facts

  • This page summarizes Bobby S. Shackouls's Form 4 filing for PLAINS ALL AMERICAN PIPELINE LP (PAA).
  • 2 reported transactions and 1 derivative row are listed below.
  • Accepted by SEC: 17 Aug 2021, 17:51.

Change

  • No earlier filing in this sequence is available for direct comparison.
  • 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.

PAA transaction

Common Units

Options Exercise

Transaction value
$0
Shares
+3,750
Change %
+21%
Price
$0.000000
Shares after
21,266
Date
13 Aug 2021
Ownership
Direct
Footnotes
F1, F2
PAA holding

Common Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
13,767
Date
13 Aug 2021
Ownership
By Spouse
Footnotes
F2

Reported derivative securities

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

PAA transaction Derivative

Phantom Units

Options Exercise

Transaction value
$0
Shares
-3,750
Change %
-100%
Price
$0.000000*
Shares after
0
Date
13 Aug 2021
Ownership
Direct
Underlying class
Common Units
Underlying amount
3,750
Exercise price
Footnotes
F3, F4, F5, F6
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 6 footnotes

Footnote F1

Includes 7,500 units held jointly with Reporting Person's spouse.

Footnote 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.

Footnote F3

Phantom Units granted under Long-Term Incentive Plan (includes distribution equivalent rights payable in cash).

Footnote F4

One common unit is deliverable, upon vesting, for each Phantom Unit that vests.

Footnote F5

Phantom Units vest annually on August distribution date.

Footnote F6

Upon termination of service as director, other than because of death, disability or retirement.

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