Enterprise Products Partners L.P.

SEC Filings

10-K
ENTERPRISE PRODUCTS PARTNERS L P filed this Form 10-K on 02/28/2018
Entire Document
 


EPCO and its privately held affiliates have pledged 81,346,154 of our common units that they own as security under their credit facilities.  These credit facilities include customary provisions regarding potential events of default.  As a result, a change in ownership of these units could result if an event of default ultimately occurred.

       
Amount and
   
   
Positions with
 
Nature Of
   
   
Enterprise GP
 
Beneficial
 
Percent of
   
at February 15, 2018
 
Ownership
 
Class
Richard H. Bachmann (1)
 
Director and Vice Chairman of the Board
 
1,432,081
 
*
A. James Teague (2,3)
 
Director and CEO
 
1,716,546
 
*
W. Randall Fowler (2,4)
 
Director and President
 
1,440,289
 
*
Carin M. Barth
 
Director
 
31,335
 
*
James T. Hackett (5)
 
Director
 
294,493
 
*
Charles E. McMahen
 
Director
 
107,889
 
*
William C. Montgomery
 
Director
 
46,835
 
*
Richard S. Snell (6)
 
Director
 
63,186
 
*
Harry P. Weitzel (7)
 
Director and Senior Vice President,
General Counsel and Secretary
 
44,843
 
*
William Ordemann (2,8)
 
Executive Vice President
 
977,764
 
*
Graham W. Bacon (2,9)
 
Executive Vice President
 
219,775
 
*
Bryan F. Bulawa (2,10)
 
Senior Vice President and CFO
 
177,355
 
*
Brent B. Secrest (2,11)
 
Senior Vice President
 
52,500
 
*
All directors and executive officers (including all named executive officers) of Enterprise GP, as a group (16 individuals in total) (12)
     
700,283,084
 
32.3%
             
* Represents a beneficial ownership of less than 1% of class
       
(1)   The number of common units presented for Mr. Bachmann includes 9,588 common units held by his spouse.  In addition, the number of common units presented for Mr. Bachmann includes an aggregate 130,000 phantom units that vested in late February 2018, which resulted in the issuance of an equal number of common units before adjustment for any withholding taxes.
(2)   These individuals are named executive officers for the year ended December 31, 2017.
(3)   The number of common units presented for Mr. Teague includes (i) 53,000 common units held by a trust and (ii) 11,300 common units held by his spouse.  In addition, the number of common units presented for Mr. Teague includes an aggregate 140,925 phantom units that vested in late February 2018, which resulted in the issuance of an equal number of common units before adjustment for any withholding taxes.
(4)   The number of common units presented for Mr. Fowler includes 500,000 common units held by a family limited partnership (for which he has disclaimed beneficial ownership except to the extent of his pecuniary interest).  In addition, the number of common units presented for Mr. Fowler includes an aggregate 101,738 phantom units that vested in late February 2018, which resulted in the issuance of an equal number of common units before adjustment for any withholding taxes.
(5)   The number of common units presented for Mr. Hackett includes (i) 9,661 common units held by family trusts and (ii) 58,000 common units held by family limited partnerships.
(6)   The number of common units presented for Mr. Snell includes 2,956 common units held by his spouse.
(7)   The number of common units presented for Mr. Weitzel includes an aggregate 14,750 phantom units that vested in late February 2018, which resulted in the issuance of an equal number of common units before adjustment for any withholding taxes.
(8)   The number of common units presented for Mr. Ordemann includes an aggregate 48,250 phantom units that vested in late February 2018, which resulted in the issuance of an equal number of common units before adjustment for any withholding taxes.
(9)   The number of common units presented for Mr. Bacon includes an aggregate 46,250 phantom units that vested in late February 2018, which resulted in the issuance of an equal number of common units before adjustment for any withholding taxes.
(10) The number of common units presented for Mr. Bulawa includes an aggregate 34,475 phantom units that vested in late February 2018, which resulted in the issuance of an equal number of common units before adjustment for any withholding taxes.
(11) The number of common units presented for Mr. Secrest includes an aggregate 18,875 phantom units that vested in late February 2018, which resulted in the issuance of an equal number of common units before adjustment for any withholding taxes.
(12) Cumulatively, this group’s beneficial ownership amount includes an aggregate 564,243 phantom units that vested in late February 2018, which resulted in the issuance of an equal number of common units before adjustment for any withholding taxes.

135