0001209191-19-054854.txt : 20191104
0001209191-19-054854.hdr.sgml : 20191104
20191104153809
ACCESSION NUMBER: 0001209191-19-054854
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20191101
FILED AS OF DATE: 20191104
DATE AS OF CHANGE: 20191104
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: RUSSO TODD J
CENTRAL INDEX KEY: 0001570467
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-09356
FILM NUMBER: 191189553
MAIL ADDRESS:
STREET 1: FIVE TEK PARK
STREET 2: 9999 HAMILTON BOULEVARD
CITY: BREINIGSVILLE
STATE: PA
ZIP: 18031
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: BUCKEYE PARTNERS, L.P.
CENTRAL INDEX KEY: 0000805022
STANDARD INDUSTRIAL CLASSIFICATION: PIPE LINES (NO NATURAL GAS) [4610]
IRS NUMBER: 232432497
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: ONE GREENWAY PLAZA
STREET 2: SUITE 600
CITY: HOUSTON
STATE: TX
ZIP: 77046
BUSINESS PHONE: 8326158600
MAIL ADDRESS:
STREET 1: ONE GREENWAY PLAZA
STREET 2: SUITE 600
CITY: HOUSTON
STATE: TX
ZIP: 77046
FORMER COMPANY:
FORMER CONFORMED NAME: BUCKEYE PARTNERS L P
DATE OF NAME CHANGE: 19920703
4
1
doc4.xml
FORM 4 SUBMISSION
X0306
4
2019-11-01
1
0000805022
BUCKEYE PARTNERS, L.P.
BPL
0001570467
RUSSO TODD J
ONE GREENWAY PLAZA
SUITE 600
HOUSTON
TX
77046
0
1
0
0
SVP and General Counsel
Limited Partner Units
2019-11-01
4
D
0
3092
41.50
D
0
D
Phantom Units
2019-11-01
4
D
0
8441
41.50
D
Limited Partner Units
8441
0
D
Phantom Units
2019-11-01
4
D
0
5729
41.50
D
Limited Partner Units
5729
0
D
Phantom Units
2019-11-01
4
D
0
4253
41.50
D
Limited Partner Units
4253
0
D
Phantom Units
2019-11-01
4
D
0
4164
41.50
D
Limited Partner Units
4164
0
D
Phantom Units
2019-11-01
4
D
0
4164
41.50
D
Limited Partner Units
4164
0
D
Phantom Units
2019-11-01
4
D
0
3136
41.50
D
Limited Partner Units
3136
0
D
Phantom Units
2019-11-01
4
D
0
3136
41.50
D
Limited Partner Units
3136
0
D
Phantom Units
2019-11-01
4
D
0
3027
41.50
D
Limited Partner Units
3027
0
D
Phantom Units
2019-11-01
4
D
0
3027
41.50
D
Limited Partner Units
3027
0
D
Performance Units
2019-11-01
4
A
0
16883
43.75
A
Limited Partner Units
16883
16883
D
Performance Units
2019-11-01
4
D
0
16883
43.75
D
Limited Partner Units
16883
0
D
Performance Units
2019-11-01
4
A
0
11457
48.29
A
Limited Partner Units
11457
11457
D
Performance Units
2019-11-01
4
D
0
11457
48.29
D
Limited Partner Units
11457
0
D
Performance Units
2019-11-01
4
A
0
8504
53.30
A
Limited Partner Units
8504
8504
D
Performance Units
2019-11-01
4
D
0
8504
53.30
D
Limited Partner Units
8504
0
D
On November 1, 2019, affiliates of IFM Global Infrastructure Fund ("IFM") acquired Buckeye Partners, L.P. ("BPL") pursuant to that certain Agreement and Plan of Merger, dated as of May 10, 2019, among BPL, Hercules Intermediate Holdings LLC, a Delaware limited liability company and a wholly owned subsidiary of IFM, Hercules Merger Sub LLC, a Delaware limited liability company and a wholly owned subsidiary of IFM ("Merger Sub"), Buckeye Pipe Line Services Company, a Pennsylvania corporation, and Buckeye GP LLC, a Delaware limited liability company (the "Merger Agreement"). In accordance with the Merger Agreement, BPL will merge with and into Merger Sub (the "Merger") with BPL surviving the Merger as a wholly owned subsidiary of IFM. At the effective time of the Merger, each outstanding limited partnership unit representing limited partner interests in BPL was converted into the right to receive $41.50 in cash, without interest.
Pursuant to the Merger Agreement, on November 1, 2019, these phantom units were cancelled in exchange for a cash payment of $41.50 per unit, without interest. Each phantom unit is the economic equivalent of one limited partner unit of BPL.
On February 5, 2019, the Reporting Person was granted 16,883 performance units ("Performance Units"). Pursuant to the Merger Agreement, these Performance Units were cancelled in exchange for a cash payment of $41.50 per unit, without interest, plus the value of accumulated but unpaid distribution equivalent rights with respect to such unit as of November 1, 2019.
On February 6, 2018, the Reporting Person was granted 11,457 performance units ("Performance Units"). Pursuant to the Merger Agreement, these Performance Units were cancelled in exchange for a cash payment of $41.50 per unit, without interest, plus the value of accumulated but unpaid distribution equivalent rights with respect to such unit as of November 1, 2019.
On February 7, 2017, the Reporting Person was granted 8,504 performance units ("Performance Units"). Pursuant to the Merger Agreement, these Performance Units were cancelled in exchange for a cash payment of $41.50 per unit, without interest, plus the value of accumulated but unpaid distribution equivalent rights with respect to such unit as of November 1, 2019.
/s/ Todd J. Russo
2019-11-04