0001209191-19-054858.txt : 20191104
0001209191-19-054858.hdr.sgml : 20191104
20191104154325
ACCESSION NUMBER: 0001209191-19-054858
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: Bohnsack Gary L
CENTRAL INDEX KEY: 0001710016
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-09356
FILM NUMBER: 191189589
MAIL ADDRESS:
STREET 1: ONE GREENWAY PLAZA
STREET 2: SUITE 600
CITY: HOUSTON
STATE: TX
ZIP: 77046
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
0001710016
Bohnsack Gary L
ONE GREENWAY PLAZA
SUITE 600
HOUSTON
TX
77046
0
1
0
0
VP, Controller and CAO
Limited Partner Units
2019-11-01
4
D
0
3035
41.50
D
0
D
Phantom Units
2019-11-01
4
D
0
7156
41.50
D
Limited Partner Units
7156
0
D
Phantom Units
2019-11-01
4
D
0
6107
41.50
D
Limited Partner Units
6107
0
D
Phantom Units
2019-11-01
4
D
0
4140
41.50
D
Limited Partner Units
4140
0
D
Phantom Units
2019-11-01
4
D
0
3865
41.50
D
Limited Partner Units
3865
0
D
Phantom Units
2019-11-01
4
D
0
3580
41.50
D
Limited Partner Units
3580
0
D
Phantom Units
2019-11-01
4
D
0
2839
41.50
D
Limited Partner Units
2839
0
D
Phantom Units
2019-11-01
4
D
0
2839
41.50
D
Limited Partner Units
2839
0
D
Phantom Units
2019-11-01
4
D
0
2291
41.50
D
Limited Partner Units
2291
0
D
Phantom Units
2019-11-01
4
D
0
2291
41.50
D
Limited Partner Units
2291
0
D
Performance Units
2019-11-01
4
A
0
6107
43.75
A
Limited Partner Units
6107
6107
D
Performance Units
2019-11-01
4
D
0
6107
43.75
D
Limited Partner Units
6107
0
D
Performance Units
2019-11-01
4
A
0
3580
48.29
A
Limited Partner Units
3580
3580
D
Performance Units
2019-11-01
4
D
0
3580
48.29
D
Limited Partner Units
3580
0
D
Performance Units
2019-11-01
4
A
0
4140
50.81
A
Limited Partner Units
4140
4140
D
Performance Units
2019-11-01
4
D
0
4140
50.81
D
Limited Partner Units
4140
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 6,107 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 3,580 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 June 21, 2017, the Reporting Person was granted 4,140 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, as attorney-in-fact for Gary L. Bohnsack
2019-11-04