PLAINS GP HOLDINGS LP — Director's Dealing 2021

Jan 19, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PLAINS GP HOLDINGS LP (PAGP)
CIK: 0001581990
Period of Report: 2021-01-18

Reporting Person: Herbold Chris (Sr. VP and Chief Acctg Officer)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-01-18	Class B Units	$0	M	48939	Disposed		Class A Units/Class B Shares (48939)	Direct
2021-01-18	Class A Units/Class B Shares	$0	M	46068	Acquired		Class A Shares (46068)	Direct

Footnotes

F1: Pursuant to the limited partnership agreement of Plains AAP, L.P. ("AAP"), a holder of vested Class B Units of AAP (the "Class B Units") may convert (the "Conversion Right"), at any time and from time to time, such Class B Units into an equal number of Class A Units of AAP (the "Class A Units") and Class B Shares (the "Class B Shares") of Plains GP Holdings, L.P. ("PAGP"), at a conversion ratio of approximately 0.941 Class A Units and Class B Shares for each Class B Unit. The Conversion Right does not expire. On January 18, 2021, the Reporting Person exercised his right to convert 48,939 vested Class B Units into 46,068 Class A Units and Class B Shares.

F2: Pursuant to the limited partnership agreement of AAP, Reporting Person has the right, at any time and from time to time, to exchange (the "Exchange Right") his Class A Units, together with a like number of Class B Shares, for Class A Shares of PAGP on a one-for-one basis. Reporting Person has not yet exercised the Exchange Right; the Exchange Right does not expire.