X0304 4 2011-09-30 0 0001075607 TC PIPELINES LP TCLP 0001208353 JENKINS-STARK JACK 717 TEXAS STREET, SUITE #2400 HOUSTON TX 77002 1 0 0 0 Deferred Share Units 2011-09-30 4 A 0 75 43.84 A Common units representing limited p/ship interests 75 7410 D Upon termination of service as a director, Deferred Share Units ("DSUs") recorded in the reporting person's account will be settled, at the reporting person's election, in common units representing a limited partnership interest in TC PipeLines, LP ("Common Units") at no additional cost on a 1 for 1 basis or in cash of equivalent value, less applicable withholdings. The DSUs are immediately fully vested and are redeemable only following Mr. Jenkins-Stark's termination of Board service. Mr. Jenkins-Stark elected to have a portion (25%) of his annual retainer and attendance fees paid on a quarterly basis in the form of DSUs in lieu of cash. The number of DSUs is calculated based on the Fair Market Value of the Common Units on the last trading day of the quarterly payment period. /s/ Avery C. Smith, Attorney for Jack Jenkins-Stark 2011-10-04