Form Type: 4

SEC EDGAR Link
Accession Number:0000899243-16-021093
Date:2016-05-24
Issuer: CRESTWOOD EQUITY PARTNERS LP (CEQP)
Original Submission Date:

Reporting Person:

FIRST RESERVE GP XI, INC.
ONE LAFAYETTE PLACE
GREENWICH, CT 06830

Reporting Person:

FIRST RESERVE GP XI, L.P.
ONE LAFAYETTE PLACE
GREENWICH, CT 06830

Reporting Person:

MACAULAY WILLIAM E
ONE LAFAYETTE PLACE
GREENWICH, CT 06830

Reporting Person:

FR MIDSTREAM HOLDINGS LLC
ONE LAFAYETTE PLACE
GREENWICH, CT 06830

Reporting Person:

FR XI CMP HOLDINGS LLC
ONE LAFAYETTE PLACE
GREENWICH, CT 06830

Reporting Person:

CRESTWOOD HOLDINGS PARTNERS, LLC
700 LOUISIANA STREET, SUITE 2550
HOUSTON, TX 77002

Reporting Person:

CRESTWOOD HOLDINGS II LLC
700 LOUISIANA STREET, SUITE 2550
HOUSTON, TX 77002

Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
Title of SecurityTransaction Date2a. Deemed Execution Date Transaction CodeSharesAcquired or DisposedPrice per share 5. Amount of Securities Beneficially Owned Following Reported Transaction 6. Ownership Form Direct or IndirectNature of Indirect Ownership
COMMON UNITS 2016-05-24 P 131,524 a $20.21 6,727,238 indirect f2,f3,f4
COMMON UNITS 2016-05-25 P 158,370 a $21.08 6,885,608 indirect f2,f3,f4
COMMON UNITS 2016-05-24 0 $0.00 9,985,462 indirect f4
Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, convertible securities
Title of Derivative Security Conversion or Exercise Price of Derivative Security Transaction Date Deemed Execution Date Transaction Code Number of Derivative Securities Acquired (A) or Disposed of (D) Date ExercisableExpiration Date Title and Amount of Securities Underlying Derivative Security Price of Derivative Security Number of derivative Securities Beneficially Owned Following Reported Transaction(s) Ownership Form: Direct (D) or Indirect (I) Nature of Indirect Beneficial Ownership
Footnotes
IDfootnote
f1 reflects common units held directly by crestwood gas services holdings llc ("gas services holdings").
f2 reflects common units held directly by crestwood holdings llc ("crestwood holdings").
f3 gas services holdings' sole member is crestwood holdings, whose sole member is frcm co-investment, whose controlling member is crestwood holdings partners, llc, whose controlling member is fr xi cmp holdings llc, whose sole member is fr midstream holdings, whose manager is first reserve gp xi, l.p., whose general partner is first reserve gp xi, inc. ("fr gp inc."). william e. macaulay is a director of fr gp inc. and has the right to appoint a majority of the board of directors of fr gp inc.
f4 does not include 438,789 subordinated units. the subordinated units may be converted into common units on a one-for-one basis upon the termination of the subordination period as set forth in the issuer partnership agreement.
f5 the price reported in column 4 is a weighted average price. these shares were purchased in multiple transactions ranging from $19.77 to $20.72, inclusive. the reporting persons undertake to provide to the issuer, any security holder of the issuer, or the staff of the securities and exchange commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth above.
f6 the price reported in column 4 is a weighted average price. these shares were purchased in multiple transactions ranging from $20.50 to $21.40, inclusive. the reporting persons undertake to provide to the issuer, any security holder of the issuer, or the staff of the securities and exchange commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth above.
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