SMITH CLARK C. (Chair, CEO and President) reported 2 transactions at BUCKEYE PARTNERS, L.P.

Review the transaction codes below to understand the nature of each event.

SMITH CLARK C.

Filed: 11/4/2019ACC: 0001209191-19-054850

InsiderSMITH CLARK C.CIK 1414680

→

IssuerBUCKEYE PARTNERS, L.P.CIK 805022

DirectorOfficer· Chair, CEO and President

Since Dec 2018

-387.63K

Net shares

Net seller

$8.91M

Total sold

Open market trades

0B · 0S

Total transactions

209.72K acquired · 597.35K disposed

Non-Derivative Transactions2

Limited Partner Units

Direct

D · Disposition

−199.29K

Price / share

$41.50

Trade value

$8.27M

% of position

New position

11/1/2019

199.29K→0.00

Limited Partner Units

Indirect

D · Disposition

−15.29K

Price / share

$41.50

Trade value

$634.66K

% of position

New position

11/1/2019

15.29K→0.00

Total

Net shares

−214.59K

Net value

-$8.91M

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Limited Partner Units Direct	11/1/2019	D · Disposition	−199.29K	$41.50	$8.27M	New position	199.29K	0.00
Limited Partner Units Indirect	11/1/2019	D · Disposition	−15.29K	$41.50	$634.66K	New position	15.29K	0.00
Total			−214.59K		-$8.91M

Derivative Transactions15

Phantom Units

Direct

D · Disposition

Converts to

Limited Partner Units

49.41K shares

−49.41K

Strike price

Held after

0.00

Exercisable

—

11/1/2019

Phantom Units

Direct

D · Disposition

Converts to

Limited Partner Units

31.82K shares

−31.82K

Strike price

Held after

0.00

Exercisable

—

11/1/2019

Phantom Units

Direct

D · Disposition

Converts to

Limited Partner Units

23.62K shares

−23.62K

Strike price

Held after

0.00

Exercisable

—

11/1/2019

Phantom Units

Direct

D · Disposition

Converts to

Limited Partner Units

11.49K shares

−11.49K

Strike price

Held after

0.00

Exercisable

—

11/1/2019

Phantom Units

Direct

D · Disposition

Converts to

Limited Partner Units

11.49K shares

−11.49K

Strike price

Held after

0.00

Exercisable

—

11/1/2019

Phantom Units

Direct

D · Disposition

Converts to

Limited Partner Units

11.39K shares

−11.39K

Strike price

Held after

0.00

Exercisable

—

11/1/2019

Phantom Units

Direct

D · Disposition

Converts to

Limited Partner Units

11.39K shares

−11.39K

Strike price

Held after

0.00

Exercisable

—

11/1/2019

Phantom Units

Direct

D · Disposition

Converts to

Limited Partner Units

11.21K shares

−11.21K

Strike price

Held after

0.00

Exercisable

—

11/1/2019

Phantom Units

Direct

D · Disposition

Converts to

Limited Partner Units

11.21K shares

−11.21K

Strike price

Held after

0.00

Exercisable

—

11/1/2019

Performance Units

Direct

A · Award

Converts to

Limited Partner Units

98.83K shares

+98.83K

Strike price

Held after

98.83K

Exercisable

—

11/1/2019

Performance Units

Direct

D · Disposition

Converts to

Limited Partner Units

98.83K shares

−98.83K

Strike price

Held after

0.00

Exercisable

—

11/1/2019

Performance Units

Direct

A · Award

Converts to

Limited Partner Units

63.65K shares

+63.65K

Strike price

Held after

63.65K

Exercisable

—

11/1/2019

Performance Units

Direct

D · Disposition

Converts to

Limited Partner Units

63.65K shares

−63.65K

Strike price

Held after

0.00

Exercisable

—

11/1/2019

Performance Units

Direct

A · Award

Converts to

Limited Partner Units

47.25K shares

+47.25K

Strike price

Held after

47.25K

Exercisable

—

11/1/2019

Performance Units

Direct

D · Disposition

Converts to

Limited Partner Units

47.25K shares

−47.25K

Strike price

Held after

0.00

Exercisable

—

11/1/2019

Security	Converts To	Date	Type	Shares	Exercisable	Held After
Phantom Units Direct	Limited Partner Units49.41K shares	11/1/2019	D · Disposition	−49.41K	—	0.00
Phantom Units Direct	Limited Partner Units31.82K shares	11/1/2019	D · Disposition	−31.82K	—	0.00
Phantom Units Direct	Limited Partner Units23.62K shares	11/1/2019	D · Disposition	−23.62K	—	0.00
Phantom Units Direct	Limited Partner Units11.49K shares	11/1/2019	D · Disposition	−11.49K	—	0.00
Phantom Units Direct	Limited Partner Units11.49K shares	11/1/2019	D · Disposition	−11.49K	—	0.00
Phantom Units Direct	Limited Partner Units11.39K shares	11/1/2019	D · Disposition	−11.39K	—	0.00
Phantom Units Direct	Limited Partner Units11.39K shares	11/1/2019	D · Disposition	−11.39K	—	0.00
Phantom Units Direct	Limited Partner Units11.21K shares	11/1/2019	D · Disposition	−11.21K	—	0.00
Phantom Units Direct	Limited Partner Units11.21K shares	11/1/2019	D · Disposition	−11.21K	—	0.00
Performance Units Direct	Limited Partner Units98.83K shares	11/1/2019	A · Award	+98.83K	—	98.83K
Performance Units Direct	Limited Partner Units98.83K shares	11/1/2019	D · Disposition	−98.83K	—	0.00
Performance Units Direct	Limited Partner Units63.65K shares	11/1/2019	A · Award	+63.65K	—	63.65K
Performance Units Direct	Limited Partner Units63.65K shares	11/1/2019	D · Disposition	−63.65K	—	0.00
Performance Units Direct	Limited Partner Units47.25K shares	11/1/2019	A · Award	+47.25K	—	47.25K
Performance Units Direct	Limited Partner Units47.25K shares	11/1/2019	D · Disposition	−47.25K	—	0.00