Filing Details
- Accession Number:
- 0001209191-11-042499
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2011-08-04 17:12:06
- Reporting Period:
- 2007-07-02
- Filing Date:
- 2011-08-04
- Accepted Time:
- 2011-08-04 17:12:06
- SEC Url:
- Form 4 Filing
Issuer
Cik | Name | Symbol | Sector (SIC) | IRS No |
---|---|---|---|---|
1394074 | Spectra Energy Partners Lp | SEP | Natural Gas Transmission (4922) | 412232463 |
Insiders
Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
---|---|---|---|---|---|---|---|
1051116 | Spectra Energy Capital, Llc | 5400 Westheimer Court Houston TX 77056 | No | No | Yes | No | |
1373835 | Spectra Energy Corp. | 5400 Westheimer Court Houston TX 77056 | No | No | Yes | Yes | |
1394072 | Spectra Energy Partners Gp, Llc | 5400 Westheimer Court Houston TX 77056 | No | No | Yes | No | |
1394073 | Spectra Energy Partners (De) Gp, Lp | 5400 Westheimer Court Houston TX 77056 | No | No | Yes | No | |
1404854 | Spectra Energy Southeast Pipeline Corp. | 5400 Westheimer Court Houston TX 77056 | No | No | Yes | No | |
1404855 | Spectra Energy Transmission, Llc | 5400 Westheimer Court Houston TX 77056 | No | 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 Representing Limited Partner Interests | Disposition | 2007-07-02 | 1,500,000 | $20.63 | 33,129,880 | No | 4 | D | Indirect | See footnote |
Common Units Representing Limited Partner Interests | Acquisiton | 2008-04-04 | 4,207,641 | $0.00 | 37,337,521 | No | 4 | P | Indirect | See footnotes |
Common Units Representing Limited Partner Interests | Acquisiton | 2010-08-13 | 21,638,730 | $0.00 | 58,976,251 | No | 4 | C | Indirect | See footnotes |
Common Units Representing Limited Partner Interests | Acquisiton | 2010-11-30 | 1,938,435 | $0.00 | 60,914,686 | No | 4 | P | Indirect | See footnotes |
Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
---|---|---|---|---|
No | 4 | D | Indirect | See footnote |
No | 4 | P | Indirect | See footnotes |
No | 4 | C | Indirect | See footnotes |
No | 4 | P | Indirect | See footnotes |
Reported Derivative Transactions
Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
---|---|---|---|---|---|---|---|
Common Units Representing Limited Partner Interests | Subordinated Units representing limited partner interests | Disposition | 2010-08-13 | 21,638,730 | $0.00 | 21,638,730 | $0.00 |
Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
---|---|---|---|---|---|---|
0 | No | 4 | C | Indirect |
Footnotes
- The Common Units were redeemed from Spectra Energy Partners (DE) GP, LP, the general partner of the Issuer (the "General Partner") in connection the initial public offering of the Issuer. The general partner of the General Partner is Spectra Energy Partners GP, LLC, a wholly owned subsidiary of Spectra Energy Transmission, LLC ("SET"). SET is wholly owned by Spectra Energy Capital, LLC ("Spectra Capital"), which is wholly owned by Spectra Energy Corp ("SE Corp").
- On April 4, 2008, in connection with the closing of the transactions contemplated by the Contribution Agreement, dated December 13, 2007, among the Issuer, SET and the General Partner, the Issuer acquired certain assets for aggregate consideration of approximately $107 million. The consideration consisted of $4.7 million in cash, 4,207,641 Common Units of the Issuer issued to SET and 85,870 general partner units of the Issuer issued to the General Partner.
- As of August 2, 2011, SET owns a 17.6% LP interest in the Issuer. Spectra Capital owns 100% of SET and SE Corp owns 100% of Spectra Capital. Accordingly, SE Corp, Spectra Capital and SET may be deemed to beneficially own all of the reported securities.
- On August 13, 2010, all Subordinated Units owned by SET (5,037,637) and Spectra Energy Southeast Pipeline Corporation ("SE Southeast Pipeline") (16,601,093) were automatically converted into Common Units on a one-for-one basis. The Subordinated Units had no expiration date.
- As of August 2, 2011, SE Southeast Pipeline owns a 45.63% LP interest in the Issuer. SET owns 100% of SE Southeast Pipeline, Spectra Capital owns 100% of SET and SE Corp owns 100% of Spectra Capital. Accordingly, SE Corp, Spectra Capital, SET and SE Southeast Pipeline may be deemed to beneficially own all of the reported securities.
- On November 30, 2010, in connection with the closing of the transactions contemplated by the Contribution Agreement, dated November 30, 2010, among the Issuer, SE Southeast Pipeline and the General Partner, the Issuer acquired certain assets for aggregate consideration of approximately $330 million. The consideration consisted of $256.6 million in cash, the assumption of $7.4 million in debt owed by SE Southeast Pipeline, 1,938,435 Common Units of the Issuer issued to SE Southeast Pipeline and 39,560 general partner units of the Issuer issued to the General Partner.