RICHARD H. BACHMANN - 16 Feb 2022 Form 4 Insider Report for ENTERPRISE PRODUCTS PARTNERS L.P. (EPD)

Role
Director
Signature
/s/Jennifer W. Dickson, Attorney-in-Fact on behalf of Richard H. Bachmann
Issuer symbol
EPD
Transactions as of
16 Feb 2022
Transactions value $
$-1,670,904
Form type
4
Filing time
18 Feb 2022, 16:57:13 UTC
Previous filing
09 Feb 2022
Next filing
09 Feb 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EPD Common Units Representing Limited Partnership Interests Options Exercise +177,000 +11.9% 1,663,236 16 Feb 2022 Direct F1
transaction EPD Common Units Representing Limited Partnership Interests Tax liability $-1,670,904 -69,650 -4.19% $23.99 1,593,586 16 Feb 2022 Direct
holding EPD Common Units Representing Limited Partnership Interests 9,588 16 Feb 2022 By Spouse

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction EPD Phantom Units Options Exercise $0 -177,000 -100% $0.000000* 0 16 Feb 2022 Common Units 177,000 Direct F1, F2
holding EPD Phantom Units 220,000 16 Feb 2022 Common Units 220,000 Direct F1, F3
holding EPD Phantom Units 225,000 16 Feb 2022 Common Units 225,000 Direct F1, F4
holding EPD Phantom Units 300,000 16 Feb 2022 Common Units 300,000 Direct F1, F5
holding EPD Phantom Units 334,000 16 Feb 2022 Common Units 334,000 Direct F1, F6, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each phantom unit is the economic equivalent of one Enterprise Products Partners L.P. ("EPD") common unit.
F2 These phantom units vested on February 16, 2022. These phantom units expired upon vesting and settlement thereof in exchange for an equal number of EPD common units.
F3 These phantom units vest on February 16, 2023. These phantom units will expire upon vesting and settlement thereof in exchange for an equal number of EPD common units.
F4 These phantom units vest on February 16, 2024. These phantom units will expire upon vesting and settlement thereof in exchange for an equal number of EPD common units.
F5 These phantom units vest on February 16, 2025. These phantom units will expire upon vesting and settlement thereof in exchange for an equal number of EPD common units.
F6 These phantom units vest in four equal annual installments beginning on February 16, 2023. Each annual installment will expire upon vesting and settlement thereof in exchange for an equal number of EPD common units.
F7 The power of attorney under which this form was signed is on file with the Commission.

Remarks:

Transaction Code M - Exercise or conversion of derivative security exempted pursuant to Rule 16b-3; Transaction Code F - Payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise or vesting of a security issued in accordance with Rule 16b-3