SHELL PIPELINE CO LP purchased 202.9% of their position (180.51M shares) of SHELL MIDSTREAM PARTNERS, L.P. on the open market
Open‑market purchase worth $300.00M — a major conviction buy. The strongest form of insider conviction signal.
P · 3 purchases
Filed: 4/2/2020ACC: 0000899243-20-009992
10% Owner
Since Feb 2018
+231.29M
Net shares
Net buyer
$300.00M
Total acquired
3
Open market trades
3B · 0S
4
Total transactions
231.29M acquired
Non-Derivative Transactions3
Common Units representing limited partner interests
Indirect
Shares
+11.03M
Price / share
$27.20
Trade value
$300M
% of position
12.4%
2/6/2018
88.95M→99.98M
Common Units representing limited partner interests
Indirect
Shares
+9.48M
Price / share
—
Trade value
—
% of position
9.5%
6/6/2019
99.98M→109.46M
Common Units representing limited partner interests
Indirect
Shares
+160M
Price / share
—
Trade value
—
% of position
146.2%
4/1/2020
109.46M→269.46M
Total
Net shares
+180.51M
Net value
$300M
| Security | Date | Type | Shares | Price / Share | Trade Value | % of Position | Held Before | Held After |
|---|---|---|---|---|---|---|---|---|
| Common Units representing limited partner interests Indirect | 2/6/2018 | P · Purchase | +11.03M | $27.20 | $300M | 12.4% | 88.95M | 99.98M |
| Common Units representing limited partner interests Indirect | 6/6/2019 | P · Purchase | +9.48M | — | — | 9.5% | 99.98M | 109.46M |
| Common Units representing limited partner interests Indirect | 4/1/2020 | P · Purchase | +160M | — | — | 146.2% | 109.46M | 269.46M |
| Total | +180.51M | $300M | ||||||
Derivative Transactions1
Series A perpetual convertible preferred units
Indirect
Converts to
Common Units representing limited partner interests
50.78M shares
Shares
+50.78M
Strike price
Held after
50.78M
Exercisable
—
4/1/2020
| Security | Converts To | Date | Type | Shares | Strike Price | Exercisable | Held After |
|---|---|---|---|---|---|---|---|
| Series A perpetual convertible preferred units Indirect | Common Units representing limited partner interests50.78M shares | 4/1/2020 | P · Purchase | +50.78M | — | 50.78M |