JAMES J. BENDER - 19 Oct 2022 Form 4 Insider Report for Shell Midstream Partners, L.P. (SHLX)

Role
Director
Signature
/s/ Lori M. Muratta, as Attorney-in-Fact for James J. Bender
Issuer symbol
SHLX
Transactions as of
19 Oct 2022
Transactions value $
-$554,750
Form type
4
Filing time
19 Oct 2022, 11:29:43 UTC
Previous filing
20 May 2022
Next filing
18 May 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SHLX Common Units representing limited partner interests Disposed to Issuer -$554,750 -35,000 -100% $15.85 0 19 Oct 2022 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

JAMES J. BENDER is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Pursuant to that certain Agreement and Plan of Merger, dated as of July 25, 2022 (the "Merger Agreement"), by and among Shell USA, Inc. ("Shell"), the Issuer and the other parties thereto, Shell acquired all of the outstanding common units representing limited partnership interests in the Issuer not already held by Shell or its affiliates (the "Public Common Units") via a merger that resulted in the Issuer surviving the merger as an indirect, wholly owned subsidiary of Shell. Pursuant to the Merger Agreement, each Public Common Unit has converted into the right to receive $15.85 in cash per Public Common Unit.