PARTNERS' CAPITAL AND DISTRIBUTIONS (Tables)

12 Months Ended

Dec. 31, 2018

The following is a summary of changes in Buckeye’s outstanding units for the periods indicated (in thousands):



	LP Units	Class C Units		Total
Units outstanding at January 1, 2016	129,524	—		129,524
LP Units issued pursuant to the Option Plan ⁽¹⁾	6	—		6
LP Units issued pursuant to the LTIP ⁽¹⁾	254	—		254
Issuance of units to institutional investors	8,913	—		8,913
Issuance of units through equity distribution agreements	1,567	—		1,567
Units outstanding at December 31, 2016	140,264	—		140,264
LP Units issued pursuant to the Option Plan ⁽¹⁾	10	—		10
LP Units issued pursuant to the LTIP ⁽¹⁾	244	—		244
Issuance of units through equity distribution agreements	6,159	—		6,159
Units outstanding at December 31, 2017	146,677	—		146,677
LP Units issued pursuant to the LTIP ⁽¹⁾	363	—		363
Issuance of Class C Units	—	6,221		6,221
Issuance of Class C Units in lieu of quarterly cash distributions	—	494		494
Conversion of Class C Units to LP Units	6,715	(6,715	)	—
Units outstanding at December 31, 2018	153,755	—		153,755

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(1)	The number of units issued represents issuance net of tax withholding.

Cash distributions paid to unitholders of Buckeye for the periods indicated were as follows (in thousands, except per unit amounts):