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Cheniere Energy, Inc. — Director's Dealing 2020
Jul 31, 2020
30007_dirs_2020-07-30_3262d640-db52-46dd-90a9-ab7a60521b8c.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Cheniere Energy Partners, L.P. (CQP)
CIK: 0001383650
Period of Report: 2020-07-28
Reporting Person: Cheniere Energy, Inc. (10% Owner)
Reporting Person: Cheniere Energy Partners LP Holdings, LLC (10% Owner)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2020-07-28 | Subordinated Units (Limited Partner Interests) | $ | J | 135383831 | Acquired | Common Units (135383831) | Indirect |
Footnotes
F1: On July 28, 2020, the Issuer announced that the board of directors of Cheniere Energy GP, LLC, the Issuer's general partner (the "Board"), approved the regular quarterly distribution to the holders of the Issuer's common units representing limited partner interests ("Common Units") for the second quarter of 2020 in an amount of $0.645 per Common Unit, payable by the Issuer on August 14, 2020, to Common Unit holders of record as of August 7, 2020. Also on July 28, 2020, the Issuer announced that the Board confirmed that, upon payment of the distribution, the Issuer will have satisfied the financial conditions for the conversion of the subordinated units representing limited partner interests of the Issuer ("Subordinated Units") set forth in the Issuer's Fourth Amended and Restated Agreement of Limited Partnership (the "Agreement"). [continued in footnote 2]
F2: [continued from footnote 1] As a result, pursuant to the terms of the Agreement, all of the outstanding Subordinated Units will convert into Common Units on a one-for-one basis on August 17, 2020, the first business day following the distribution, for no additional consideration. Upon the conversion of all of the Subordinated Units to Common Units, the Subordination Period (as defined in the Agreement) will automatically terminate.
F3: The Subordinated Units do not have an expiration date.
F4: The Subordinated Units are directly held by Cheniere Energy Partners LP Holdings, LLC, a wholly-owned subsidiary of Cheniere Energy, Inc.