Amendment No. 4 to Schedule 13D
This Amendment No. 4 to Schedule 13D (this “Amendment No. 4”) is filed by the Reporting Persons as an amendment to the Schedule 13D filed with the Securities and Exchange Commission (the “Commission”) on May 22, 2015, as amended by Amendment No. 1 to Schedule 13D filed with the Commission on November 25, 2016, Amendment No. 2 to Schedule 13D filed with the Commission on February 16, 2018 and Amendment No. 3 to Schedule 13D filed with the Commission on July 3, 2018 (the “Amended Schedule 13D,” as amended, this “Schedule 13D”). Capitalized terms used but not otherwise defined herein shall have the meanings ascribed to such terms in the Amended Schedule 13D. Only those items of the Schedule 13D that are being amended hereby are included herein.
Item 2. | Identity and Background. |
The last paragraph of Item 2(a) is hereby amended and restated in its entirety as follows:
Certain information required by this Item 2 concerning each director and/or executive officer, as applicable, of each of the Reporting Persons (collectively, the “Covered Individuals”) is set forth on Schedule A, attached hereto, which is incorporated into this Item 2 by reference.
Item 2(c) is hereby amended and restated in its entirety as follows:
(c) The name and present principal occupation of each Covered Individual is set forth on Schedule A and is incorporated by reference in this Item 2. The principal business address of each of the Covered Individuals is set forth on Schedule A.
Item 3. | Source and Amount of Funds or Other Consideration. |
Item 3 is hereby amended and supplemented by adding the following after the last paragraph:
On November 1, 2018, Mr. Raymond acquired with personal funds beneficial ownership of 12,051 Class A shares through open market purchases at prices ranging from $21.21 to $21.25 per share.
Item 4. | Purpose of Transaction. |
Item 4 is hereby amended and supplemented by adding the following after the first paragraph:
On January 30, 2019, Tallgrass Holdings entered into a Purchase Agreement (the “Purchase Agreement”) with Holdings and the other seller parties named therein (collectively the “Sellers”), Prairie GP Acquiror LLC, a Delaware limited liability company (“GP Acquiror”), Prairie ECI Acquiror LP, a Delaware limited partnership (“Up-C Acquiror 1”), Prairie VCOC Acquiror LP, a Delaware limited partnership (“Up-C Acquiror 2” and together withUp-C Acquiror 1, “Up-C Acquirors”), and PrairieNon-ECI Acquiror LP, a Delaware limited partnership (“Class A Acquiror”, and together with GP Acquiror andUp-C Acquirors, the “Blackstone Acquirors”), and David G. Dehaemers, Jr., John T. Raymond and Frank J. Loverro, as Seller Representatives, pursuant to which the Blackstone Acquirors agreed to purchase the Subject Interests (as defined below) from the Sellers for an aggregate purchase price of $3,272,860,010 (the “Subject Interests Acquisition”).
Upon the terms and subject to the conditions set forth in the Purchase Agreement, (a) Tallgrass KC, LLC will transfer to certain members of management an aggregate of 2,417,598 Tallgrass Equity Units and a corresponding number of Class B Shares, which will continued to be owned by such members of management following the closing of the Subject Interests Acquisition, (b) following such transfer by Tallgrass KC, LLC, (i) GP Acquiror will purchase from Holdings 100% of the outstanding membership interests (the “GP Interests”) in the General Partner,(ii) Up-C Acquirors will purchase from certain Sellers (the “Sponsors”) and David G. Dehaemers, Jr. Revocable Trust an aggregate of 121,470,296 Tallgrass Equity Units and a corresponding number of Class B shares (collectively, the “Up-C Interests”), a portion of which may be exchanged for Class A shares by certain of the Sponsors immediately following the transfer by Tallgrass KC, LLC described above and, following such exchange, purchased by Class A Acquiror instead ofUp-C Acquirors, and (iii) Class A Acquiror will purchase from David G.