Form 4 for PAA PLAINS ALL AMERICAN PIPELINE LP

Accepted 2021-08-17 00:00:00 ET · period of report 2021-08-13 · accession 0001615619-21-000067 · SEC index · Original document

Summary rows

Aggregated the way they appear in lists: one row per insider, transaction code and security table.

X	Filed	Traded	Ticker	Insider	Title	Type	Price	Qty	Owned	ΔOwn	Value
D	2021-08-17	2021-08-13	PAA	SHACKOULS BOBBY S	Dir	M - OptEx	$0.00	+3,750	21.3K	+21%	$0
D	2021-08-17	2021-08-13	PAA	SHACKOULS BOBBY S	Dir	M - OptEx	$0.00	-3,750	0	-100%	$0

Purchase Sale Sale after option exercise All abbreviations

#	Table	Security	Date	Code	A/D	Shares	Price	Owned after	Own	Exercise / expiry	Underlying	Footnotes
1	Common	Common Units	2021-08-13	M	A	3,750	$0.00	21,266	D	—	—	(F2) In February 2020, the reporting person and his spouse received 2,784 and 2,785 common units of PAA, respectively, in a distribution from their respective grantor retained annuity trusts in accordance with the terms of the GRATs. The distribution of units from the GRATs resulted in a decrease in the number of units beneficially owned indirectly through the GRATs, and a corresponding increase in the number of units beneficially owned directly and indirectly through spouse. The distribution of units from the GRATs constituted a change in form of beneficial ownership, which is exempt under Rule 16a-13 of the Exchange Act. (F1) Includes 7,500 units held jointly with Reporting Person's spouse.
2	Derivative	Phantom Units	2021-08-13	M	D	3,750	$0.00	0	D	— · — to —	3,750 Common Units	(F3) Phantom Units granted under Long-Term Incentive Plan (includes distribution equivalent rights payable in cash). (F4) One common unit is deliverable, upon vesting, for each Phantom Unit that vests. (F5) Phantom Units vest annually on August distribution date. (F6) Upon termination of service as director, other than because of death, disability or retirement.