Home > Insider Trading > Filing (0001209191-16-151927)

Filing Details

Accession Number:: 0001209191-16-151927
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2016-11-23 14:59:48
Reporting Period:: 2016-11-22

Filing Date:: 2016-11-23
Accepted Time:: 2016-11-23 14:59:48
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1633651	Tallgrass Energy Gp Lp	TEGP	()	4

Insiders

Cik	Name	Reported Address	Director	Officer	Large Shareholder	Other
1034431	T Frank Nickell	C/O Kelso And Company 320 Park Avenue, 24Th Floor New York NY 10022	No	No	Yes	No
1034432	E George Matelich	C/O Kelso And Company 320 Park Avenue, 24Th Floor New York NY 10022	No	No	Yes	No
1034433	Iv R Thomas Wall	C/O Kelso And Company 320 Park Avenue, 24Th Floor New York NY 10022	No	No	Yes	No
1034434	B Michael Goldberg	C/O Kelso And Company 320 Park Avenue, 24Th Floor New York NY 10022	No	No	Yes	No
1034435	K Frank Bynum	C/O Kelso And Company 320 Park Avenue, 24Th Floor New York NY 10022	No	No	Yes	No
1055858	I David Wahrhaftig	C/O Kelso And Company 320 Park Avenue, 24Th Floor New York NY 10022	No	No	Yes	No
1421180	Kelso Gp Viii, Llc	C/O Kelso And Company 320 Park Avenue, 24Th Floor New York NY 10022	No	No	Yes	No
1641148	Kia Viii (Rubicon), L.p.	C/O Kelso And Company 320 Park Avenue, 24Th Floor New York NY 10022	No	No	Yes	No
1641150	Kia Viii (Rubicon) Gp, L.p.	C/O Kelso And Company 320 Park Avenue, 24Th Floor New York NY 10022	No	No	Yes	No
1641210	Kep Vi Aiv (Rubicon), Llc	C/O Kelso And Company 320 Park Avenue, 24Th Floor New York NY 10022	No	No	Yes	No

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Class B Shares	Disposition	2016-11-22	5,058,497	$0.00	35,081,202	No	4	X	Indirect	By partnership
Class A Shares	Acquisiton	2016-11-22	5,058,497	$0.00	5,058,497	No	4	X	Indirect	By partnership
Class A Shares	Disposition	2016-11-22	5,058,497	$21.85	0	No	4	S	Indirect	By partnership

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	X	Indirect	By partnership
No	4	X	Indirect	By partnership
No	4	S	Indirect	By partnership

Reported Derivative Transactions

Show Other Fields >>

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Class A Shares	Units in Tallgrass Equity, LLC	Disposition	2016-11-22	5,058,497	$21.85	5,058,497	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
35,081,202			No	4	X	Indirect

Footnotes

Pursuant to the First Amended and Restated Agreement of Limited Partnership of the Issuer dated May 12, 2015 (the "Partnership Agreement"), KIA VIII (Rubicon), L.P. ("KIA VIII") and KEP VI AIV (Rubicon), LLC ("KEP VI AIV") each have the right, at any time following the expiration of a lock-up period and from time to time, to immediately exchange (the "Exchange Right") Class B shares of the Issuer (the "Class B shares") and a corresponding number of Units of limited liability company interest in Tallgrass Equity, LLC ("Tallgrass Equity", and such Units, the "Units", and each Class B share and Unit so exchanged, together, an "Exchange Unit") for a like number of Class A shares of the Issuer (the "Class A shares"), not to exceed, in the aggregate, the total number of Exchange Units held by KIA VIII or KEP VI AIV, as applicable. As a result, the Reporting Persons may be deemed to beneficially own the Class A shares receivable upon election of the Exchange Right.
Pursuant to an underwriting agreement entered into on November 17, 2016 by the underwriter and the selling shareholders (including KIA VIII and KEP VI AIV), in connection with the secondary offering of the Issuer, the underwriter has the option (the "Option") to purchase 1,350,000 additional Class A shares from the selling shareholders in the secondary offering of the Issuer.
On November 22, 2016, in connection with and immediately prior to the closing of the secondary offering of the Issuer on November 22, 2016, and the underwriter and the selling shareholders closing on the Option, KIA VIII and KEP VI AIV exercised their Exchange Right with respect to some of their Exchange Units, including KIA VIII and KEP VI AIV's respective pro rata shares of the Option based on KIA VIII and KEP VI AIV's respective ownership percentages of the outstanding Exchange Units, whereby the Issuer exchanged 4,308,339 Exchange Units held by KIA VIII and 750,158 Exchange Units held by KEP VI AIV on a one-for-one basis for a total of 5,058,497 Class A shares.
Consists of 29,878,778 Class B shares owned of record by KIA VIII and 5,202,424 Class B shares owned of record by KEP VI AIV following the transactions reported in this line of this Form 4.
Kelso GP VIII, LLC ("GP VIII, LLC") is the general partner of KIA VIII (Rubicon) GP, L.P. ("GP VIII, L.P." and, together with GP VIII, LLC, the "Kelso GPs"). GP VIII, L.P. is the general partner of KIA VIII. GP VIII, LLC and GP VIII, L.P. could be deemed to share beneficial ownership of securities owned of record or deemed to be beneficially owned by KIA VIII. GP VIII, LLC and GP VIII, L.P. each disclaim beneficial ownership of all of the securities reported herein except to the extent of its respective pecuniary interest, if any, therein, and the inclusion of these securities in this report shall not be deemed to be an admission of beneficial ownership of all of the reported securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purposes.
KIA VIII and KEP VI AIV, due to their common control, could be deemed to beneficially own each of the other's securities. KIA VIII and KEP VI AIV each disclaim beneficial ownership of all of the securities deemed to be beneficially owned by the other and the inclusion of these securities in this report shall not be deemed to be an admission of beneficial ownership of all of the reported securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purposes.
The Kelso GPs and KEP VI AIV, due to their common control, could be deemed to beneficially own each of the other's securities. The Kelso GPs and KEP VI AIV each disclaim beneficial ownership of all of the securities owned of record or deemed to be beneficially owned by the other or owned of record by KIA VIII and the inclusion of these securities in this report shall not be deemed to be an admission of beneficial ownership of all of the reported securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purposes.
Frank T. Nickell, Thomas R. Wall, IV, George E. Matelich, Michael B. Goldberg, David I. Wahrhaftig, Frank K. Bynum, Jr., Philip E. Berney, Frank J. Loverro, James J. Connors, II, Church M. Moore, Stanley de J. Osborne, Christopher L. Collins, A. Lynn Alexander, Howard A. Matlin, John K. Kim, Henry Mannix, III, Mathew S. Edgerton, and Stephen C. Dutton (the "Kelso Individuals") could be deemed to share beneficial ownership of securities owned of record by KIA VIII and KEP VI AIV or deemed to be beneficially owned by GP VIII, LLC or GP VIII, L.P., by virtue of their status as managing members of KEP VI AIV and of GP VIII, LLC. The Kelso Individuals each disclaim beneficial ownership of such securities, and this report shall not be deemed to be an admission that any of the Kelso Individuals is the beneficial owner of these securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purposes.
Represents the gross proceeds per Class A share sold in the secondary offering of the Issuer less the underwriting discount.
The Units, collectively with the Class B shares, constitute the derivative securities described herein.
Consists of 29,878,778 Units owned of record by KIA VIII and 5,202,424 Units owned of record by KEP VI AIV following the transactions reported in this line of this Form 4.