0001140361-11-028040.txt : 20110516
0001140361-11-028040.hdr.sgml : 20110516
20110516184425
ACCESSION NUMBER: 0001140361-11-028040
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20110513
FILED AS OF DATE: 20110516
DATE AS OF CHANGE: 20110516
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: MARSHALL DAVID
CENTRAL INDEX KEY: 0001208444
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-26091
FILM NUMBER: 11849289
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: TC PIPELINES LP
CENTRAL INDEX KEY: 0001075607
STANDARD INDUSTRIAL CLASSIFICATION: NATURAL GAS TRANSMISSION [4922]
IRS NUMBER: 522135448
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 717 TEXAS STREET, SUITE #2400
CITY: HOUSTON
STATE: TX
ZIP: 77002
BUSINESS PHONE: (877) 290-2772
MAIL ADDRESS:
STREET 1: 717 TEXAS STREET, SUITE #2400
CITY: HOUSTON
STATE: TX
ZIP: 77002
4
1
doc1.xml
FORM 4
X0303
4
2011-05-13
0
0001075607
TC PIPELINES LP
TCLP
0001208444
MARSHALL DAVID
717 TEXAS STREET, SUITE #2400
HOUSTON
TX
77002
1
0
0
0
Distribution Equivalent Rights for Deferred Share Units
2011-05-13
4
A
0
58
A
Common units representing limited p/ship interests
58
3701
D
N/A - The distribution equivalent rights accrued on the number of Deferred Share Units ("DSUs") recorded in his account. Each distribution equivalent right is the economic equivalent of one DSU. Upon termination of board service, Common Units representing limited partnership interests may be purchased on the open market on behalf of Mr. Marshall whereby he would receive Common Units in a number equal to the number of DSUs recorded in his account less any applicable withholdings. Alternatively, Mr. Marshall may elect to receive the value of his DSU entitlement in cash. The cash payment amount shall be determined by multiplying the number of DSUs recorded in his account by the Fair Market Value of a Common Unit less any applicable withholdings.
N/A - the DSUs are fully vested and are redeemable only following Mr. Marshall's termination of Board service.
The distribution amount reflects the number of DSUs added to the director's share unit account as of the record date for the distribution. Pursuant to the Share Unit Plan for Non-Employee Directors (2007), the distribution amount is calculated based on the declared distribution multiplied by the number of share units in the account, divided by the market value of the common units on the payment date for such distribution.
/s/ Annie C. Belecki, Attorney for David Marshall
2011-05-16