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
 


Equity Ownership Guidelines
In order to further align the interests and actions of our general partner’s directors and executive officers with our long-term interests and those of our general partner and other unitholders, the Board has adopted and approved certain equity ownership guidelines for our general partner’s directors and executive officers.  Under these guidelines:

§
each non-management director of our general partner is required to own Enterprise common units having an aggregate value (as defined in the guidelines) of three times the dollar amount of such non-management director’s aggregate annual cash retainer for service on the Board for the most recently completed calendar year; and

§
each executive officer of our general partner is required to own Enterprise common units having an aggregate value (as defined in the guidelines) of three times the dollar amount of such executive officer’s aggregate annual base salary for the most recently completed calendar year.


Securities Authorized for Issuance Under Equity Compensation Plans

Currently, the 2008 Plan is EPCO’s only long-term incentive plan under which our common units have been authorized for issuance.  The 2008 Plan provides for awards of our common units and other rights to our non-management directors and to consultants and employees of EPCO and its affiliates providing services to us.  Awards under the 2008 Plan may be granted in the form of unit options, restricted common units, phantom units, UARs, DERs, unit awards and other unit-based awards or substitute awards. The following table sets forth certain information regarding the 2008 Plan as of January 1, 2018.

       
Number of
       
Units
       
Remaining
     
Available For
 
Number of
 
Future Issuance
 
Units to
Weighted-
Under Equity
 
Be Issued
Average
Compensation
 
Upon Exercise
Exercise Price
Plans (excluding
 
of Outstanding
of Outstanding
securities
 
Common Unit
Common Unit
reflected in
Plan Category
Options
Options
column (a))
 
(a)
(b)
(c)
Equity compensation plans approved by unitholders:
     
2008 Plan (1)
--
--
24,091,065
Equity compensation plans not approved by unitholders:
     
None
--
--
--
Total for equity compensation plans
--
--
24,091,065
       
(1)   At December 31, 2017, the total number of common units authorized for issuance under the 2008 Plan was 40,000,000 common units.  This amount increased by 5,000,000 common units on January 1, 2018 and will increase by an additional 5,000,000 common units subsequently on each January 1 thereafter during the term of the 2008 Plan; provided, however, that in no event shall the maximum aggregate amount available for issuance under the 2008 Plan exceed 70,000,000 common units.



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