Filing Details

Accession Number:
0000899243-21-014325
Form Type:
4
Zero Holdings:
No
Publication Time:
2021-04-01 15:08:01
Reporting Period:
2021-03-30
Accepted Time:
2021-04-01 15:08:01
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1136352 Crestwood Equity Partners Lp CEQP Natural Gas Transmisison & Distribution (4923) 431918951
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1477477 First Reserve Gp Xi, Inc. 290 Harbor Drive, Fifth Floor
Stamford CT 06902
Yes No Yes No
1477478 First Reserve Gp Xi, L.p. 290 Harbor Drive, Fifth Floor
Stamford CT 06902
Yes No Yes No
1501490 Fr Midstream Holdings Llc 290 Harbor Drive, Fifth Floor
Stamford CT 06902
Yes No Yes No
1501961 Crestwood Holdings Partners, Llc 811 Main Street, Suite 3400
Houston TX 77002
Yes No Yes No
1501962 Crestwood Holdings Llc 811 Main Street, Suite 3400
Houston TX 77002
Yes No Yes No
1501963 Fr Crestwood Management Co-Investment Llc 811 Main Street, Suite 3400
Houston TX 77002
Yes No Yes No
1501964 Fr Xi Cmp Holdings Llc 290 Harbor Drive, Fifth Floor
Stamford CT 06902
Yes No Yes No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Units Disposition 2021-03-30 6,000,000 $22.00 3,985,462 No 4 S Indirect See footnotes
Common Units Disposition 2021-03-30 3,985,462 $0.00 0 No 4 S Indirect See footnotes
Common Units Disposition 2021-03-30 7,484,449 $0.00 0 No 4 S Indirect See footnotes
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Indirect See footnotes
No 4 S Indirect See footnotes
No 4 S Indirect See footnotes
Footnotes
  1. Reflects Common Units held directly by Crestwood Gas Services Holdings LLC ("Gas Services Holdings").
  2. Reflects Common Units held directly by Crestwood Holdings LLC ("Crestwood Holdings").
  3. Prior to the closing of the transaction described in Footnote (5) below, Gas Services Holdings' sole member was Crestwood Holdings, whose sole member is FR Crestwood Management Co-Investment LLC, whose controlling member is Crestwood Holdings Partners, LLC, whose controlling member is FR XI CMP Holdings LLC, whose sole member is FR Midstream Holdings LLC, whose manager is First Reserve GP XI, L.P., whose general partner is First Reserve GP XI, Inc. ("FR GP Inc.").
  4. Does not include 438,789 Subordinated Units. The Subordinated Units may be converted into Common Units on a one-for-one basis upon the termination of the subordination period as set forth in the Issuer Partnership Agreement.
  5. In a transaction that closed on March 30, 2021, (i) all of the outstanding limited liability company interests of Crestwood Marcellus Holdings LLC, a wholly owned subsidiary of Crestwood Holdings, (ii) all of the outstanding limited liability company interests of Gas Services Holdings, which owns (x) 1% of the outstanding limited partner interests in Crestwood Holdings LP ("CHLP"), (y) 3,985,462 Common Units of the Issuer after the sale reported above, and (z) 438,789 Subordinated Units of the Issuer, and (iii) 7,484,449 Common Units directly held by Crestwood Holdings, were sold by Crestwood Holdings to the Issuer, and (b) on or before the 180th day after March 30, 2021, 99% of the outstanding limited partner interests and all of the outstanding general partner interests of CHLP, which owns all of the outstanding limited liability company interests in the Issuer's general partner, will be transferred from Crestwood Holdings to the Issuer.
  6. The purchase price for the transaction described in Footnote (5) above is an amount equal to $268,000,000. After the closing of the transaction described in Footnote (5) above, Gas Services Holdings directly holds 3,985,462 Common Units and 438,789 Subordinated Units of the Issuer. However, the Reporting Persons no longer have any pecuniary interest in the securities held by Gas Services Holdings.