0000899243-22-010228.txt : 20220309
0000899243-22-010228.hdr.sgml : 20220309
20220309172225
ACCESSION NUMBER: 0000899243-22-010228
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20220309
FILED AS OF DATE: 20220309
DATE AS OF CHANGE: 20220309
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Bairrington Phillip David
CENTRAL INDEX KEY: 0001682473
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-36011
FILM NUMBER: 22726397
MAIL ADDRESS:
STREET 1: C/O PHILLIPS 66 CORPORATE LEGAL, N13
STREET 2: 2331 CITYWEST BLVD.
CITY: HOUSTON
STATE: TX
ZIP: 77042
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: PHILLIPS 66 PARTNERS LP
CENTRAL INDEX KEY: 0001572910
STANDARD INDUSTRIAL CLASSIFICATION: PIPE LINES (NO NATURAL GAS) [4610]
IRS NUMBER: 383899432
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 2331 CITYWEST BLVD.
CITY: HOUSTON
STATE: TX
ZIP: 77042
BUSINESS PHONE: 855-283-9237
MAIL ADDRESS:
STREET 1: 2331 CITYWEST BLVD.
CITY: HOUSTON
STATE: TX
ZIP: 77042
4
1
doc4.xml
FORM 4 SUBMISSION
X0306
4
2022-03-09
1
0001572910
PHILLIPS 66 PARTNERS LP
PSXP
0001682473
Bairrington Phillip David
2331 CITYWEST BLVD.
HOUSTON
TX
77042
1
0
0
0
Common Units
2022-03-09
4
D
0
45328
D
0
D
Phantom Units
2022-03-09
4
D
0
7495
D
Common Units
7495
0
D
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").
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.
/s/ Julie P. Pradel, Attorney-in-fact
2022-03-09