Plains GP (PAGP) Form 4 PLAINS GP / PETROLEUM CORP /DE/ OCCIDENTAL ownership change

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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X

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Oxy Holding Co (Pipeline), Inc.

(Last) (First) (Middle)

5 GREENWAY PLAZA

SUITE 110

(Street)

HOUSTON TX 77046

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
PLAINS GP HOLDINGS LP [ PAGP ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
	Officer (give title below)	X	Other (specify below)
See remarks

3. Date of Earliest Transaction (Month/Day/Year)
09/23/2019

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Shares(1)(2)	09/23/2019		S		15,000,000	D	$21.84	0	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
See footnotes(1)(2)	(1)	09/23/2019		C(2)			29,977,890	(1)	(1)	Class A Shares	29,977,890	(2)	0	D

1. Name and Address of Reporting Person^*

Oxy Holding Co (Pipeline), Inc.

(Last) (First) (Middle)

5 GREENWAY PLAZA

SUITE 110

(Street)

HOUSTON TX 77046

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

Occidental Transportation Holding Corp

(Last) (First) (Middle)

5 GREENWAY PLAZA

SUITE 110

(Street)

HOUSTON TX 77046

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

OXY USA INC

(Last) (First) (Middle)

5 GREENWAY PLAZA

SUITE 110

(Street)

HOUSTON TX 77046

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

OCCIDENTAL PETROLEUM CORP /DE/

(Last) (First) (Middle)

5 GREENWAY PLAZA

SUITE 110

(Street)

HOUSTON TX 77046

(City) (State) (Zip)

Explanation of Responses:

1. Pursuant to the limited partnership agreement of Plains AAP, L.P. (AAP), each limited partner of AAP, including Oxy Holding Company (Pipeline), Inc. (OHC), has the right, at any time and from time to time, to (i) immediately exchange its Class A units representing limited partner interests of AAP (the AAP Class A Units), together with an equal number of Class B shares representing limited partner interests of the Issuer (the Class B Shares) and units representing limited liability company interests of the Issuer's general partner (the GP Units and, together with the AAP Class A Units and the Class B Shares, the Securities), for Class A shares of the Issuer (the Class A Shares) on a one-for-one basis or, at AAP's election, the cash value thereof (the Exchange Right), or (ii) cause its Securities to be redeemed for common units representing limited partner interests (the PAA Common Units) of Plains All American Pipeline LP (PAA) on a one-for-one basis (the Redemption Right).

2. On September 23, 2019, (i) immediately prior to the closing of the Issuer's secondary offering pursuant to registration statement No. 333-200596, OHC exercised the Exchange Right with respect to the Securities in exchange for 15,000,000 Class A Shares of the Issuer and (ii) immediately prior to the closing of PAA's secondary offering pursuant to registration statement No. 333-214778, OHC exercised the Redemption Right with respect to the Securities not exchanged pursuant to the Exchange Right in exchange for 14,977,890 PAA Common Units. As a result, the Reporting Persons (as defined below) no longer own any Securities.

Remarks:

Oscar K. Brown is a director of the general partner of the Issuer. Based on the relationship of Mr. Brown and the Reporting Persons (as defined below), the Reporting Persons may be deemed directors by deputization of the Issuer. OHC, Occidental Transportation Holding Corporation (OTHC) and Oxy USA Inc. (Oxy USA) are wholly owned subsidiaries of Occidental Petroleum Corporation (Occidental and, together with OHC, OTHC, and Oxy USA, the Reporting Persons). As previously disclosed, effective upon the closing of the Issuer's secondary offerings, on September 23, 2019, Mr. Brown automatically ceased to be a member of the board of directors of the Issuer's general partner.

	/s/ Nicole E. Clark, Vice President and Secretary of Oxy Holding Company (Pipeline), Inc.	09/25/2019
	/s/ Nicole E. Clark, Vice President and Secretary of Occidental Transportation Holding Corporation	09/25/2019
	/s/ Nicole E. Clark, Vice President and Secretary of Oxy USA Inc.	09/25/2019
	/s/ Nicole E. Clark, Vice President and Corporate Secretary of Occidental Petroleum Corporation	09/25/2019
	** Signature of Reporting Person	Date
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