Energy Transfer
SEC Filings
ETPETE
Form S-4/A
ENERGY TRANSFER PARTNERS, L.P. filed this Form S-4/A on 03/03/2017
Document Outline
Entire Document (3369.1 KB)
Subdocument 1 - S-4/A - S-4/A
Page 1 - As filed with the Securities and Exchange Commission on March 3, 2017
Page 2 - The information in this document is not complete and may be changed. Sunoco Logistics Partners L.P.
Page 3 - Your vote is very important regardless of the number of ETP common units you own.
Page 4 - 8111 Westchester Drive, Suite 600
Page 5 - Your failure to vote your units will have the same effect as a vote AGAINST the adoption of the merg
Page 6 - ADDITIONAL INFORMATION
Page 7 - TABLE OF CONTENTS
Page 8 - N/A
Page 9 - QUESTIONS AND ANSWERS
Page 10 - Q: What will happen to my ETP restricted units and cash units in the merger?
Page 11 - Q: What am I being asked to vote on?
Page 12 - Q: What are the related compensation payments to ETP named executive officers and why am I being ask
Page 13 - Q: When is this proxy statement/prospectus being mailed?
Page 14 - Q: How will my ETP common units be represented at the special meeting?
Page 15 - Q: What happens if I sell my common units after the record date but before the special meeting?
Page 16 - Q: What are the expected U.S. federal income tax consequences for an ETP common unitholder of the ow
Page 17 - SUMMARY
Page 18 - Merger Consideration (See page 117)
Page 19 - Record Date
Page 20 - Opinion of the Financial Advisor to the ETP Conflicts Committee (See page 81)
Page 21 - Ownership of SXL After the Merger (See page 107)
Page 22 - Risk Factors Relating to the Merger and Ownership of SXL Common Units (See page 29)
Page 23 - Material U.S. Federal Income Tax Consequences of the Merger (See page 135)
Page 24 - Accounting Treatment of the Merger (See page 105)
Page 25 - N/A
Page 26 - SXL Amended and Restated Partnership Agreement (See page 106)
Page 27 - Change in ETP Board Recommendation (See page 115)
Page 28 - Termination of the Merger Agreement (See page 118)
Page 29 - Expenses (See page 120)
Page 30 - Corporate Structure Prior to and Following the Mergers
Page 31 - N/A
Page 32 - Selected Historical Consolidated Financial Data of SXL
Page 33 - Selected Historical Consolidated Financial Data of ETP
Page 34 - Unaudited Pro Forma Condensed Consolidated Balance Sheet Data as of December 31, 2016 (in millions)
Page 35 - General
Page 36 - Comparative Unit Prices and Distributions
Page 37 - RISK FACTORS
Page 38 - The fairness opinion rendered to the ETP Conflicts Committee by Barclays was based on Barclays finan
Page 39 - Directors and executive officers of ETP have certain interests that are different from those of ETP
Page 40 - Failure to successfully combine the businesses of SXL and ETP in the expected time frame may adverse
Page 41 - If the merger is approved by ETP common unitholders, the date that ETP unitholders will receive the
Page 42 - ETP common unitholders will have a reduced ownership after the merger.
Page 43 - The expected U.S. federal income tax consequences of the merger are dependent upon SXL and ETP being
Page 44 - CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS
Page 45 - N/A
Page 46 - N/A
Page 47 - RECENT DEVELOPMENTS
Page 48 - THE PARTIES
Page 49 - Energy Transfer Equity, L.P.
Page 50 - EXECUTIVE COMPENSATION
Page 51 - Compensation Philosophy
Page 52 - Methodology
Page 53 - N/A
Page 54 - Base Salary.
Page 55 - Equity Awards
Page 56 - N/A
Page 57 - Unit Ownership Guidelines
Page 58 - Affiliate and Subsidiary Equity Awards.
Page 59 - ETP Deferred Compensation Plan
Page 60 - Risk Assessment Related to Compensation Structure.
Page 61 - Grants of Plan-Based Awards Table
Page 62 - Narrative Disclosure to Summary Compensation Table and Grants of Plan-Based Awards Table
Page 63 - Option Exercises and Units Vested Table
Page 64 - Nonqualified Deferred Compensation
Page 65 - Director Compensation
Page 66 - THE SPECIAL MEETING
Page 67 - Record Date; Outstanding Units; Units Entitled to Vote
Page 68 - Unit Ownership of and Voting by ETP s Directors, Executive Officers and Affiliates
Page 69 - Voting of Units Held in Street Name
Page 70 - Unitholders should not send unit certificates with their proxies.
Page 71 - THE MERGER
Page 72 - N/A
Page 73 - Background of the Merger
Page 74 - N/A
Page 75 - N/A
Page 76 - N/A
Page 77 - N/A
Page 78 - N/A
Page 79 - N/A
Page 80 - N/A
Page 81 - N/A
Page 82 - N/A
Page 83 - N/A
Page 84 - Recommendation of the ETP Board; Reasons for the Merger
Page 85 - N/A
Page 86 - N/A
Page 87 - N/A
Page 88 - N/A
Page 89 - The ETP Board recommends that ETP common unitholders vote FOR the adoption of the merger agreement a
Page 90 - The full text of Barclays written opinion, dated as of November 20, 2016, is attached to this proxy
Page 91 - N/A
Page 92 - N/A
Page 93 - Summary of Analyses
Page 94 - N/A
Page 95 - Selected Comparable Company Analysis
Page 96 - Selected Precedent Transactions Analysis
Page 97 - N/A
Page 98 - Analysis of Equity Research Analyst Price Targets
Page 99 - Premiums Analysis
Page 100 - N/A
Page 101 - General
Page 102 - Unaudited Financial Projections of ETP
Page 103 - N/A
Page 104 - In
Page 105 - Reasons of the SXL Conflicts Committee and the SXL Board for the Merger
Page 106 - Unaudited Financial Projections of SXL
Page 107 - N/A
Page 108 - In light of the foregoing factors and the uncertainties inherent in the SXL Unaudited Financial Proj
Page 109 - Economic Interests of ETP GP LLC Officers and Directors in ETE and SXL
Page 110 - Indemnification and Insurance
Page 111 - ETP GP Board Following the Merger
Page 112 - N/A
Page 113 - Interests of ETE and ETP in the Merger
Page 114 - SXL Amended and Restated Partnership Agreement
Page 115 - Directors and Executive Officers of SXL After the Merger
Page 116 - Litigation Relating to the Merger
Page 117 - PROPOSAL 1: THE MERGER AGREEMENT
Page 118 - Effective Time; Closing
Page 119 - N/A
Page 120 - provided
Page 121 - provided
Page 122 - No Solicitation by ETP of Alternative Proposals
Page 123 - bona fide
Page 124 - N/A
Page 125 - Merger Consideration
Page 126 - Withholding
Page 127 - Termination Fee
Page 128 - Expenses
Page 129 - Conduct of Business Pending the Consummation of the Merger
Page 130 - N/A
Page 131 - N/A
Page 132 - Indemnification; Directors and Officers Insurance
Page 133 - Financing Matters
Page 134 - provided
Page 135 - Distributions
Page 136 - ETE s Obligation to Vote ETP Units
Page 137 - SUNOCO LOGISTICS PARTNERS L.P.
Page 138 - Sunoco Logistics Partners L.P.
Page 139 - Sunoco Logistics Partners L.P.
Page 140 - Sunoco Logistics Partners L.P.
Page 141 - Sunoco Logistics Partners L.P.
Page 142 - N/A
Page 143 - MATERIAL U.S. FEDERAL INCOME TAX CONSEQUENCES OF THE MERGER
Page 144 - Assumptions Related to the U.S. Federal Income Tax Treatment of the Merger
Page 145 - U.S. Federal Income Tax Treatment of the Merger
Page 146 - Potential Taxable Gain to Certain ETP Common Unitholders from Reallocation of Nonrecourse Liabilitie
Page 147 - MATERIAL U.S. FEDERAL INCOME TAX CONSEQUENCES OF SXL COMMON UNIT OWNERSHIP
Page 148 - N/A
Page 149 - Limited Partner Status
Page 150 - Tax Consequences of Common Unit Ownership
Page 151 - Limitations on Deductibility of Losses
Page 152 - Entity-Level Collections of Unitholder Taxes
Page 153 - Section
Page 154 - Tax Treatment of Operations
Page 155 - Coal Depletion
Page 156 - Timber Depletion
Page 157 - Valuation and Tax Basis of Our Properties
Page 158 - Allocations Between Transferors and Transferees
Page 159 - Notification Requirements
Page 160 - Tax-Exempt Organizations and Other Investors
Page 161 - Administrative Matters
Page 162 - Additional Withholding Requirements
Page 163 - Accuracy-Related Penalties
Page 164 - DESCRIPTION OF SXL COMMON UNITS
Page 165 - COMPARISON OF RIGHTS OF SXL UNITHOLDERS AND ETP UNITHOLDERS
Page 166 - Issuance of Additional Securities
Page 167 - N/A
Page 168 - N/A
Page 169 - N/A
Page 170 - N/A
Page 171 - Incentive Distribution Rights
Page 172 - Adjustment to the Minimum Quarterly Distribution and Target Distribution Levels
Page 173 - Merger, Sale or Other Disposition of Assets
Page 174 - Meetings; Voting
Page 175 - Advance Notice Requirements for Nominations and Other Proposals
Page 176 - N/A
Page 177 - Transfer of General Partner Interests
Page 178 - Limited Preemptive Right
Page 179 - N/A
Page 180 - N/A
Page 181 - N/A
Page 182 - Indemnification
Page 183 - Change of Management Provisions
Page 184 - Termination and Dissolution
Page 185 - Non-Citizen Assignees; Redemption
Page 186 - N/A
Page 187 - N/A
Page 188 - PROPOSAL 2: ADJOURNMENT OF THE SPECIAL MEETING
Page 189 - PROPOSAL 3: ADVISORY VOTE ON RELATED COMPENSATION
Page 190 - LEGAL MATTERS
Page 191 - SXL s Filings (SEC File No. 001-31219)
Page 192 - In order to receive timely delivery of requested documents in advance of the special meeting your re
Page 193 - ANNEX A
Page 194 - AGREEMENT AND PLAN OF MERGER
Page 195 - TABLE OF CONTENTS
Page 196 - N/A
Page 197 - INDEX OF DEFINED TERMS
Page 198 - N/A
Page 199 - N/A
Page 200 - Exhibit A
Page 201 - AGREEMENT AND PLAN OF MERGER
Page 202 - Section
Page 203 - Closing
Page 204 - Section 5.8
Page 205 - SXL Class I Unit
Page 206 - ETP GP Interest
Page 207 - provided
Page 208 - Termination of Exchange Fund
Page 209 - Intended Tax Treatment
Page 210 - Cash Units
Page 211 - Organization, Standing and Power
Page 212 - Section
Page 213 - Contract
Page 214 - ETP SEC Documents; Undisclosed Liabilities
Page 215 - Balance Sheet Date
Page 216 - Laws
Page 217 - Employee Benefits
Page 218 - PBGC
Page 219 - WARN Act
Page 220 - Section
Page 221 - Property
Page 222 - ETP Financial Advisor
Page 223 - Organization, Standing and Power
Page 224 - Authority;
Page 225 - Governmental Approvals
Page 226 - N/A
Page 227 - Absence of Certain Changes or Events
Page 228 - Information Supplied
Page 229 - Environmental Matters
Page 230 - Brokers and Other Advisors
Page 231 - ARTICLE V
Page 232 - Section
Page 233 - Section
Page 234 - Section
Page 235 - SXL Acquisition Transaction
Page 236 - No Solicitation by ETP
Page 237 - ETP Adverse Recommendation Change
Page 238 - ETP Superior Proposal Notice
Page 239 - provided
Page 240 - Section
Page 241 - SXL Confidentiality Agreement
Page 242 - provided
Page 243 - Section 5.8
Page 244 - Listing
Page 245 - ARTICLE VI
Page 246 - Conditions to Obligations of SXL, SXL Merger Sub LP and SXL Merger Sub to Effect the Merger and the
Page 247 - Performance of Obligations of the SXL Entities
Page 248 - provided
Page 249 - ETP Termination Fee
Page 250 - Section
Page 251 - Assignment
Page 252 - Specific Enforcement
Page 253 - Severability
Page 254 - Interpretation
Page 255 - Benefit Plan
Page 256 - ETP Alternative Proposal
Page 257 - ETP Limited Partner Interest
Page 258 - Hazardous Substance
Page 259 - NYSE
Page 260 - SXL Merger Sub Charter Documents
Page 261 - N/A
Page 262 - N/A
Page 263 - ANNEX B
Page 264 - N/A
Page 265 - N/A
Page 266 - N/A
Page 267 - ANNEX C
Page 268 - TABLE OF CONTENTS
Page 269 - N/A
Page 270 - N/A
Page 271 - N/A
Page 272 - FORM OF
Page 273 - ARTICLE I
Page 274 - Additional Limited Partner
Page 275 - Available Cash
Page 276 - Book-Up Event
Page 277 - Class
Page 278 - Commission
Page 279 - ETE
Page 280 - Event Issue Value
Page 281 - Section 6.4(b)
Page 282 - Issue Price
Page 283 - provided
Page 284 - Omnibus Agreement
Page 285 - provided
Page 286 - paragraphs
Page 287 - Record Date
Page 288 - Revaluation Event
Page 289 - Surviving Business Entity
Page 290 - Unrealized Gain
Page 291 - ARTICLE II
Page 292 - Powers
Page 293 - Section
Page 294 - Management of Business
Page 295 - ARTICLE IV
Page 296 - Record Holders
Page 297 - Section
Page 298 - provided
Page 299 - Redemption of Partnership Interests of Non-citizen Assignees
Page 300 - Contributions by the General Partner and its Affiliates
Page 301 - Section
Page 302 - Section
Page 303 - Section
Page 304 - Limited Preemptive Right
Page 305 - Section 5.6
Page 306 - provided
Page 307 - provided
Page 308 - Distributions
Page 309 - Section 5.14(b)(ii)(B)
Page 310 - Section 5.15(b)(ii)(B)
Page 311 - Voting Rights
Page 312 - provided
Page 313 - Second Liquidation Target Amount
Page 314 - Section
Page 315 - Section 6.3(e)
Page 316 - Section
Page 317 - Section
Page 318 - Section
Page 319 - provided
Page 320 - provided
Page 321 - Section 6.4
Page 322 - ARTICLE VII
Page 323 - Section
Page 324 - provided
Page 325 - Section
Page 326 - Section
Page 327 - Section
Page 328 - Liability of Indemnitees
Page 329 - Section
Page 330 - Purchase or Sale of Partnership Securities
Page 331 - Section
Page 332 - Reliance by Third Parties
Page 333 - ARTICLE IX
Page 334 - ARTICLE X
Page 335 - Section
Page 336 - Section
Page 337 - Section
Page 338 - Section
Page 339 - Continuation of the Business of the Partnership After Dissolution
Page 340 - Liquidation
Page 341 - Capital Account Restoration
Page 342 - Section
Page 343 - Section
Page 344 - Waiver of Notice; Approval of Meeting; Approval of Minutes
Page 345 - Action Without a Meeting
Page 346 - Merger Agreement
Page 347 - Approval by Limited Partners of Merger or Consolidation
Page 348 - ARTICLE XV
Page 349 - Section
Page 350 - Section
Page 351 - N/A
Page 352 - EXHIBIT A
Page 353 - [Reverse of Certificate]
Page 354 - APPLICATION FOR TRANSFER OF COMMON UNITS
Page 355 - N/A
Page 356 - Schedule 6.4(b)
Page 357 - PART II
Page 358 - Opinions
Page 359 - N/A
Page 360 - SIGNATURES
Page 361 - EXHIBIT INDEX
Page 362 - N/A
Subdocument 2 - EX-23.1 - EX-23.1
Page 1 - Exhibit 23.1
Subdocument 3 - EX-23.2 - EX-23.2
Page 1 - Exhibit 23.2
Subdocument 4 - EX-99.1 - EX-99.1
Page 1 - Exhibit 99.1
Subdocument 5 - EX-99.2 - EX-99.2
Page 1 - Exhibit 99.2
Page 2 - N/A