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
  1. 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").
  2. 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.
  3. 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.
  4. 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.
  5. 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.
  6. 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.