sc13dza
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(Rule 13d-101)
Under the Securities Exchange Act of 1934
(Amendment No. 7)*
Williams Partners L.P.
Common Units Representing Limited Partner Interests
(Title of Class of Securities)
96950F104
James J. Bender
One Williams Center
Tulsa, Oklahoma 74172-0172
(918) 573-2000
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
January 15, 2010
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report the
acquisition that is the subject of this Schedule 13D, and is filing this schedule because of
§§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. o
Note: Schedules filed in paper format shall include a signed original and five copies of the
schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies are to be sent.
*The remainder of this cover page shall be filled out for a reporting persons initial filing on
this form with respect to the subject class of securities, and for any subsequent amendment
containing information which would alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed to be filed for
the purpose of section 18 of the Securities Exchange Act of 1934 (Act) or otherwise subject to
the liabilities of that section of the Act but shall be subject to all other provisions of the Act
(however, see the Notes).
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CUSIP No. |
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96950F104 |
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NAMES OF REPORTING PERSONS
The Williams Companies, Inc. |
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
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(a) o |
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(b) þ |
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SEC USE ONLY |
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SOURCE OF FUNDS (SEE INSTRUCTIONS) |
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OO |
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CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) |
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CITIZENSHIP OR PLACE OF ORGANIZATION |
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Delaware
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7 |
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SOLE VOTING POWER |
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NUMBER OF |
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SHARES |
8 |
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SHARED VOTING POWER |
BENEFICIALLY |
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OWNED BY |
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11,613,527 common units |
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EACH |
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SOLE DISPOSITIVE POWER |
REPORTING |
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PERSON |
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0 |
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WITH |
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SHARED DISPOSITIVE POWER |
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11,613,527 common units |
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11 |
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
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11,613,527 common units |
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12 |
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CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) |
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13 |
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) |
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22.0% |
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) |
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HC; CO |
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CUSIP No. |
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96950F104 |
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21 |
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NAMES OF REPORTING PERSONS
Williams Energy Services, LLC |
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2 |
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
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(a) o |
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(b) þ |
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3 |
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SEC USE ONLY |
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4 |
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SOURCE OF FUNDS (SEE INSTRUCTIONS) |
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OO |
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5 |
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CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) |
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CITIZENSHIP OR PLACE OF ORGANIZATION |
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Delaware
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7 |
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SOLE VOTING POWER |
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NUMBER OF |
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0 |
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SHARES |
8 |
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SHARED VOTING POWER |
BENEFICIALLY |
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OWNED BY |
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8,787,149 common units |
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EACH |
9 |
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SOLE DISPOSITIVE POWER |
REPORTING |
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PERSON |
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0 |
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WITH |
10 |
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SHARED DISPOSITIVE POWER |
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8,787,149 common units |
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11 |
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
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8,787,149 common units |
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12 |
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CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) |
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13 |
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) |
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16.7% |
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14 |
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) |
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OO limited liability company |
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CUSIP No. |
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96950F104 |
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NAMES OF REPORTING PERSONS
Williams Energy, L.L.C. |
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2 |
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
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(a) o |
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(b) þ |
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3 |
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SEC USE ONLY |
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4 |
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SOURCE OF FUNDS (SEE INSTRUCTIONS) |
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OO |
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5 |
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CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) |
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o |
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CITIZENSHIP OR PLACE OF ORGANIZATION |
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Delaware
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7 |
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SOLE VOTING POWER |
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NUMBER OF |
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0 |
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SHARES |
8 |
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SHARED VOTING POWER |
BENEFICIALLY |
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OWNED BY |
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2,952,233 common units |
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EACH |
9 |
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SOLE DISPOSITIVE POWER |
REPORTING |
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PERSON |
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0 |
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WITH |
10 |
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SHARED DISPOSITIVE POWER |
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2,952,233 common units |
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11 |
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
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2,952,233 common units |
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12 |
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CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) |
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o
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13 |
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) |
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5.6% |
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14 |
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) |
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OO limited liability company |
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CUSIP No. |
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96950F104 |
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5 |
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21 |
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NAMES OF REPORTING PERSONS
MAPCO Inc. |
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2 |
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
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(a) o |
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(b) þ |
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3 |
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SEC USE ONLY |
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4 |
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SOURCE OF FUNDS (SEE INSTRUCTIONS) |
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OO |
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5 |
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CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) |
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6 |
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CITIZENSHIP OR PLACE OF ORGANIZATION |
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Delaware
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7 |
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SOLE VOTING POWER |
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NUMBER OF |
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0 |
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SHARES |
8 |
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SHARED VOTING POWER |
BENEFICIALLY |
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OWNED BY |
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2,952,233 common units |
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EACH |
9 |
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SOLE DISPOSITIVE POWER |
REPORTING |
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PERSON |
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0 |
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WITH |
10 |
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SHARED DISPOSITIVE POWER |
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2,952,233 common units |
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11 |
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
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2,952,233 common units |
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12 |
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CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) |
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o
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13 |
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) |
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5.6% |
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14 |
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) |
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CO |
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CUSIP No. |
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96950F104 |
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Page |
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6 |
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of |
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21 |
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1 |
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NAMES OF REPORTING PERSONS
Williams Partners Holdings LLC |
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2 |
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
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(a) o |
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(b) þ |
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3 |
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SEC USE ONLY |
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4 |
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SOURCE OF FUNDS (SEE INSTRUCTIONS) |
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OO |
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5 |
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CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) |
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o |
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6 |
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CITIZENSHIP OR PLACE OF ORGANIZATION |
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Delaware
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7 |
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SOLE VOTING POWER |
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NUMBER OF |
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0 |
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SHARES |
8 |
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SHARED VOTING POWER |
BENEFICIALLY |
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OWNED BY |
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2,826,378 common units |
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EACH |
9 |
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SOLE DISPOSITIVE POWER |
REPORTING |
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PERSON |
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0 |
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WITH |
10 |
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SHARED DISPOSITIVE POWER |
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2,826,378 common units |
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11 |
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
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2,826,378 common units |
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12 |
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CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) |
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o
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13 |
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) |
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5.4% |
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14 |
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) |
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OO limited liability company |
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CUSIP No. |
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96950F104 |
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Page |
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7 |
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of |
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21 |
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1 |
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NAMES OF REPORTING PERSONS
Williams Partners GP LLC |
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2 |
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
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(a) o |
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(b) þ |
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3 |
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SEC USE ONLY |
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4 |
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SOURCE OF FUNDS (SEE INSTRUCTIONS) |
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OO |
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5 |
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CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) |
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o |
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6 |
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CITIZENSHIP OR PLACE OF ORGANIZATION |
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Delaware
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7 |
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SOLE VOTING POWER |
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NUMBER OF |
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0 |
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SHARES |
8 |
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SHARED VOTING POWER* |
BENEFICIALLY |
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OWNED BY |
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3,363,527 common units |
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EACH |
9 |
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SOLE DISPOSITIVE POWER |
REPORTING |
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PERSON |
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0 |
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WITH |
10 |
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SHARED DISPOSITIVE POWER* |
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3,363,527 common units |
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11 |
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON* |
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3,363,527 common units |
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12 |
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CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) |
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o
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13 |
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) |
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6.4% |
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14 |
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) |
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HC; OO limited liability company |
* In addition to 3,363,527 common units, Williams Partners GP LLC, the sole general partner of Williams Partners L.P., owns a 2% general partner interest in and incentive distribution rights (which represent the right to receive increasing percentages of quarterly distributions in excess of specified amounts) in Williams Partners L.P.
Introduction
This Amendment No. 7 amends Items 2, 3, 4, 6 and 7 of the Schedule 13D originally filed by The
Williams Companies, Inc. (TWC), Williams Energy Services, LLC (WES), Williams
Energy, L.L.C. (WE), MAPCO Inc. (MAPCO), Williams Partners Holdings LLC
(Holdings) and Williams Partners GP LLC ( GP LLC) with the Securities and
Exchange Commission (the Commission) on September 2, 2005 (the Original Schedule
13D), as amended by Amendment No. 1 filed on April 13, 2006 (Amendment No. 1),
Amendment No. 2 filed on June 26, 2006 (Amendment No. 2), Amendment No. 3 filed on
December 19, 2006 (Amendment No. 3), Amendment No. 4 filed on December 20, 2007
(Amendment No. 4), Amendment No. 5 filed on January 18, 2008 (Amendment No. 5)
and Amendment No. 6 filed on February 28, 2008 (Amendment No. 6). This statement relates
to common units representing limited partner interests (Common Units) of Williams
Partners L.P., a Delaware limited partnership (the Issuer). Unless specifically amended
hereby, the disclosure set forth in the Original Schedule 13D, as amended by Amendment No. 1,
Amendment No. 2, Amendment No. 3, Amendment No. 4, Amendment No. 5 and Amendment No. 6, shall
remain unchanged. This Amendment No. 7 is filed by TWC, WES, WE, MAPCO, Holdings and GP LLC
(collectively, the Reporting Persons).
Item 2. Identity and Background
The information previously provided in response to Item 2 is hereby amended and supplemented
by adding the following:
In accordance with the provisions of General Instruction C to Schedule 13D, information
concerning the executive officers, board of directors and each person controlling the Reporting
Persons, as applicable (collectively, the Listed Persons), required by Item 2 of Schedule
13D is provided on Schedule 1 and is incorporated by reference herein. To the Reporting Persons
knowledge, none of the persons listed on Schedule 1 as a director or executive officer of GP LLC,
TWC, WE, MAPCO, Williams Midstream Natural Gas Liquids, Inc., Williams Natural Gas Liquids, Inc.,
ESPAGAS USA Inc., Holdings or WES has been, during the last five years, (i) convicted in a criminal
proceeding (excluding traffic violations or similar misdemeanors), or (ii) a party to a civil
proceeding of a judicial or administrative body of competent jurisdiction and as a result of such
proceeding was or is subject to a judgment, decree or final order enjoining future violations of,
or prohibiting or mandating activities subject to, federal or state securities laws or finding any
violation with respect to such laws.
Item 3. Source and Amount of Funds or Other Consideration
The information previously provided in response to Item 3 is hereby amended and supplemented
by adding the following:
On March 12, 2008, James J. Bender, general counsel for GP LLC, acquired beneficial ownership
of 3,000 Common Units in an open market transaction at a price of $35.04-$35.24 per Common Unit.
On May 6, 2008, William G. Lowrie, a member of the board of directors of TWC, acquired beneficial
ownership of 970 Common Units in an open market transaction at a price of $34.40 per Common Unit.
On May 29, 2008, Mr. Bender acquired beneficial ownership of 200 Common Units in an open market
transaction at a price of $35.26 per Common Unit and 4,800 Common Units in an open market
transaction at a price of $35.3473 per Common Unit. On August 11, 2008, H. Michael Krimbill, a
member of the board of directors of GP LLC, acquired beneficial ownership of 20,000 Common Units in
an open market transaction at a price of $28.4915 per Common Unit. On August 12, 2008, Phillip D.
Wright, an executive officer of TWC, acquired beneficial ownership of 2,425 Common Units in an
open market transaction at a price of $28.75-$28.88 per Common Unit. On August 13, 2008, the Shelly Stone Armstrong
Trust dated August 10, 2004, acquired 5,000 Common Units in an open market
transaction at a price of $27.50 per Common Unit. Alan S. Armstrong, the chief operating officer
and a member of the board of directors of GP LLC, is the trustee of the Shelly Stone Armstrong
Trust. On August 22, 2008, Mr. Krimbill acquired beneficial ownership of an additional 908 Common
Units as a grant of restricted Common Units under the Williams Partners GP LLC Long-Term Incentive
Plan. On August 22, 2008, Bill Z. Parker, a member of the board of directors of GP LLC, acquired
beneficial ownership of an additional 908 Common Units as a grant of restricted Common Units under
the Williams Partners GP LLC Long-Term Incentive Plan. On August 22, 2008, Alice M. Peterson, a
member of the board of directors of GP LLC, acquired beneficial ownership of an additional 908
Common Units as a grant of restricted Common Units under the Williams Partners GP LLC Long-Term
Incentive Plan. On November 14, 2008, William E. Green, a member of the board of directors of TWC,
acquired beneficial ownership of 35.2970 Common Units through a dividend re-investment transaction
at a price of $17.99 per Common Unit. On February 13, 2009, Mr. Green acquired beneficial
ownership of 44.3950 Common Units through a dividend re-investment transaction at a price of $14.81
per Common Unit. On May 15, 2009, Mr. Green acquired beneficial ownership of 38.4460 Common Units
through a dividend re-investment transaction at a price of $17.83 per Common Unit. On May 18,
2009, Mr. Krimbill acquired beneficial ownership of 7,717 Common Units in an open market
transaction at a price of $17.98 per Common Unit. On May 18, 2009, Mr. Krimbill acquired
beneficial ownership of 2,283 Common Units in an open market transaction at a price of $17.9469 per
Common Unit. On August 14, 2009, Mr. Green acquired beneficial ownership of 34.1850 Common Units
through a dividend re-investment transaction at a price of $20.77 per Common Unit. On November 13, 2009, Mr. Green acquired
beneficial ownership of 27.9540 Common Units through a dividend re-investment transaction at a price of $26.18 per
Common Unit.
Item 4. Purpose of Transaction
The information previously provided in response to Item 4 is hereby amended and supplemented
by adding the following at the end thereof:
On January 15, 2010, the Issuer entered into a Contribution Agreement (the Contribution
Agreement) with certain subsidiaries of TWC, specifically Williams Gas Pipeline Company, LLC
(WGP), WES, WGP Gulfstream Pipeline Company, L.L.C. (WGPGPC), GP LLC (together
with WGP, WES, and WGPGPC, the Contributing Parties), and Williams Partners Operating
LLC, the operating subsidiary of the Issuer (the Operating Company, and together with the
Issuer, the Issuer Parties). TWC is also a party to the Contribution Agreement for the
limited purpose described below. Pursuant to the Contribution Agreement, the Contributing Parties
will contribute to the Issuer the ownership interests in the entities that make up TWCs Gas
Pipeline and Midstream Gas and Liquids business segments (including its limited and general partner
interests in Williams Pipeline Partners L.P., a publicly traded Delaware master limited partnership
(WMZ), but excluding its Canadian, Venezuelan and olefins operations, and a 25.5%
interest in Gulfstream Natural Gas System, L.L.C.), to the extent not already owned by the Issuer
and its subsidiaries (the Contributed Entities). This contribution will be in exchange
for aggregate consideration of:
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$3.5 billion in cash, less all expenses incurred by the Issuer in connection
with (i) the transactions contemplated by the Contribution Agreement, (ii) the
Proposed Private Placement (as defined below), including any initial
purchasers discount or original issue discount, (iii) the establishment of the
Issuer Credit Facility (as defined below), (iv) the WMZ Exchange Offer (as
defined below), and (v) one half of any and all applicable filing fees under
the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the
Net Cash Consideration);
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203 million of the Issuers Class C limited partner units (the Class C
Units), which will be identical to the Issuers Common Units except that
(i) in the first fiscal quarter in which the Class C Units are outstanding they
will receive a quarterly distribution that is prorated to reflect the fact that
the Class C Units were not outstanding during the full quarterly period, and
(ii) they will automatically convert into Common Units following the record
date for the distribution with respect to the first fiscal quarter in which the
Class C Units are outstanding; and |
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an increase in the capital account of GP LLC to allow it to maintain its 2%
general partner interest and the issuance of general partner units to GP LLC
equal to 2/98th of the number of Class C Units that will be issued (the
Additional Partner Units), resulting in TWC holding an approximate
82% limited partner interest and a 2% general partner interest in the Issuer. |
The Net Cash Consideration will be paid to TWC from the net proceeds of a proposed private
placement (the Proposed Private Placement) of the Issuers senior unsecured notes (the
Debt Securities) to be conducted pursuant to Rule 144A under the Securities Act of 1933,
as amended, and, to the extent the net proceeds to the Issuer from the Proposed Private Placement
total less than the Net Cash Consideration, borrowings under a new senior unsecured revolving
credit facility to be established by the Issuer (the Issuer Credit Facility, and together
with the Proposed Private Placement, the Proposed Financing Transactions).
Following the completion of the foregoing transactions, the Issuer intends to commence an
exchange offer for the outstanding publicly traded common units of WMZ (the WMZ Exchange
Offer).
Pursuant to the Contribution Agreement, the Contributing Parties have agreed to indemnify the
Issuer Parties, their subsidiaries and their respective securityholders, directors, officers, and
employees, and the directors, officers, and employees of GP LLC (the Issuer Indemnified
Parties) against certain losses resulting from any breach of the Contributing Parties
representations, warranties, covenants or agreements or any breach or violation of any
environmental laws (as defined in the Contribution Agreement) that occurs prior to closing by any
of the Contributed Entities or their subsidiaries or relating to the assets of the Contributed
Entities or their subsidiaries. The Issuer Parties have agreed to indemnify the Contributing
Parties, their affiliates (other than any of the Issuer Indemnified Parties), the Contributed
Entities and their subsidiaries, and their respective securityholders, directors, officers, and
employees against certain losses resulting from any breach of the Issuer Parties representations,
warranties, covenants or agreements. Certain of the indemnification obligations of the
Contributing Parties, on the one hand, and the Issuer Parties, on the other hand, are subject to a
minimum claim amount of $400,000 and an aggregate deductible of $180 million. All of the
indemnification obligations of the Contributing Parties, on the one hand, and the Issuer Parties,
on the other hand, are subject to a cap equal to $1.44 billion, except that the Contributing
Parties indemnification obligation with respect to a breach of their representation of title to
the Contributed Entities shall not exceed an amount equal to $9.5 billion minus the amount paid in
respect of all other indemnification obligations of the Contributing Parties. In addition, the
parties have reciprocal indemnification obligations for certain tax liabilities and losses and
those obligations are not subject to the deductible and cap. TWC has agreed to guarantee the
indemnification obligations of the Contributing Parties up to a maximum of $1.44 billion.
The closing of the transactions contemplated by the Contribution Agreement is subject to the
satisfaction of a number of customary and other closing conditions, including, among others, (i)
the expiration or termination of the waiting period under the Hart-Scott-Rodino Antitrust
Improvements Act of 1976, as amended, (ii) the Proposed Financing Transactions having closed or
being ready to close (or, if applicable, having closed into escrow) on terms satisfactory to TWC in
its discretion and the Proposed Financing Transactions raising or making
available to the Issuer net cash proceeds that equal
or exceed the Net Cash Consideration, (iii) the Common Units to be issued upon conversion of the
Class C Units being approved for listing on the New York Stock Exchange, subject only to official
notice of issuance, (iv) conditions related to the maintenance of certain credit ratings of TWC and
the Issuer and receipt of investment grade ratings for the Debt Securities, (v) the Issuers
receipt of a tax opinion of Andrews Kurth LLP regarding qualifying income matters, (vi) the
various ancillary agreements to be entered into in connection with the Contribution Agreement
having been executed by each of the parties thereto, and (vii) the absence of any material adverse
effect of the Contributed Entities and their subsidiaries or of the Issuer since the execution of
the Contribution Agreement.
Upon the closing of the transactions contemplated by the Contribution Agreement, the
agreements that are attached as exhibits to the Contribution Agreement will be executed. These
agreements are (i) a Conveyance, Contribution and Assumption Agreement among the Contributing
Parties and the Issuer Parties (the Conveyance Agreement), (ii) an Omnibus Agreement
between TWC and the Issuer, (iii) a Limited Call Right Forbearance Agreement between the Issuer and
GP LLC (the Forbearance Agreement), (iv) an Administrative Services Agreement between
Transco Pipeline Services LLC, a Delaware limited liability company (the Contractor), and
Transcontinental Gas Pipe Line Company, LLC, a Delaware limited liability company
(Transco), (v) a Secondment Agreement among TWC, the Issuer and GP LLC, and (vi) an
Amendment to the Issuers Amended and Restated Agreement of Limited Partnership, as amended (the
Partnership Agreement Amendment).
The Conveyance Agreement will effect the contribution of the ownership interests in the
Contributed Entities from the Contributing Parties to the Issuer and will further transfer the
ownership interests in the Contributed Entities from the Issuer to the Operating Company.
Pursuant to the Omnibus Agreement, TWC will indemnify the Issuer from and against or reimburse
the Issuer for (i) amounts incurred by the Issuer or its subsidiaries for repair or abandonment
costs for damages to certain facilities caused by Hurricane Ike, up to a maximum of $10,000,000,
(ii) maintenance capital expenditure amounts incurred by the Issuer or its subsidiaries in respect
of certain U.S. Department of Transportation projects, up to a maximum aggregate amount of
$50,000,000, and (iii) the amount of amortization over time of deferred revenue amounts that relate
to cash payments received prior to the closing of the transactions contemplated by the Contribution
Agreement for services to be rendered by the Issuer in the future at the Devils Tower floating
production platform located in Mississippi Canyon Block 773. In addition, the Issuer
will pay to TWC the proceeds of certain sales of natural gas recovered from the Hester storage
field pursuant to the FERC order dated March 27, 2008, approving a settlement agreement in Docket
No. RP06-569.
Pursuant to the Forbearance Agreement, GP LLC will agree to forbear exercising a right in
certain circumstances that is granted to it under the Issuers Amended and Restated Agreement of
Limited Partnership (the Partnership Agreement). Under the Partnership Agreement, if GP
LLC and its affiliates hold more than 80% of the Issuers Common Units, GP LLC has the right to
purchase all of the remaining Common Units. In the Forbearance Agreement, GP LLC will agree not to
exercise this right unless it and its affiliates hold more than 85% of the Issuers Common Units.
The Forbearance Agreement will terminate when the ownership by GP LLC and its affiliates of Common
Units decreases below 75% (assuming the full conversion of Class C Units that are held by GP LLC
and its affiliates).
Pursuant to the Administrative Services Agreement, the Contractor will provide personnel,
facilities, goods, and equipment not otherwise provided by Transco that are necessary to operate
Transcos businesses. In return, Transco will reimburse the Contractor for all direct and indirect
expenses the Contractor incurs or payments it makes (including salary, bonus, incentive
compensation, and benefits) in connection with these services.
Pursuant to the Secondment Agreement, TWC will cause its affiliates to provide personnel
necessary to operate, manage, maintain and report the operating results of the Issuers Midstream
Gas and Liquids business segment. During the period that such personnel are providing services
related to the Issuers Midstream Gas and Liquids business segment, they will be subject to the
direction, supervision and control of GP LLC. GP LLC will also be responsible for the costs and
expenses related to such services, which the Issuer will agree to reimburse in accordance with the
Partnership Agreement.
Pursuant to the Partnership Agreement Amendment, the Issuers Amended and Restated Agreement
of Limited Partnership will be amended to (i) authorize the issuance of the Class C Units of the
Issuer that will comprise part of the consideration for the transactions contemplated by the
Contribution Agreement and to make certain other changes in connection with the authorization of
the issuance of the Class C Units of the Issuer, (ii) provide for the proration of distributions,
with respect to the first fiscal quarter in which the Class C Units and the Additional Partner
Units are outstanding, on the Class C Units and the Additional Partner Units to reflect the fact
that the Class C Units and the Additional Partner Units will not be outstanding during the full
quarterly period, and (iii) provide that certain amounts received by the Issuer under the Omnibus
Agreement are to be treated as a capital contribution to the Issuer by TWC in the amount of such
payment.
In addition, upon the closing of the transactions contemplated by the Contribution Agreement,
Alan S. Armstrong will resign his current position as chief operating officer of the Issuer to
serve as senior vice president and president of Midstream for GP LLC.
The foregoing description of the Contribution Agreement and the transactions contemplated
thereby and of the exhibits to the Contribution Agreement are not complete and are subject to and
qualified in their entirety by reference to the full text of such agreements. A copy of the
Contribution Agreement, including the exhibits thereto, was filed as Exhibit 10.1 to TWCs current
report on Form 8-K (File No. 001-04174) filed with the Commission on January 19, 2010, which
exhibit is incorporated by reference in its entirety in this Item 4. The Contribution Agreement,
including the exhibits thereto, is incorporated herein by reference to provide investors with
information regarding its terms. It is not intended to provide any other factual information about
TWC or the other parties to the Contribution Agreement or the other agreements attached as exhibits
or any of their respective subsidiaries or affiliates. The representations, warranties and
covenants contained in the Contribution Agreement or the other agreements attached as exhibits
thereto were or will be made only for the purposes of such agreements and as of a specific date,
were or will be solely for the benefit of the parties to such agreements, may be subject to
limitations agreed upon by the contracting parties, including being qualified by disclosure
schedules made for the purposes of allocating contractual risk between the parties thereto instead
of establishing these matters as facts, and may be subject to standards of materiality applicable
to the contracting parties that differ from those applicable to investors. Investors should not
rely on the representations, warranties and covenants or any descriptions thereof as
characterizations of the actual state of facts or conditions of TWC or the other parties to the
Contribution Agreement or the other agreements attached as exhibits thereto or any of their
respective subsidiaries and affiliates. Moreover, information concerning the subject matter of the
representations, warranties and covenants may change after the date of the Contribution Agreement
or the other agreements attached as exhibits thereto, which subsequent information may or may not
be fully reflected in Williams public disclosures.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the
Issuer
The information provided or incorporated by reference in Item 4 above is hereby incorporated by
reference herein.
Item 7. Materials to Be Filed as Exhibits
The information previously provided in response to Item 7 is hereby amended and supplemented
by adding the following at the end thereof:
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Exhibit Q |
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Contribution Agreement, dated as of January 15, 2010, by and among Williams Partners
L.P., Williams Gas Pipeline Company, LLC, Williams Energy Services, LLC, WGP Gulfstream
Pipeline Company, L.L.C., Williams Partners GP LLC, Williams Partners Operating LLC and, for a
limited purpose, The Williams Companies, Inc., including exhibits thereto (attached as Exhibit
10.1 to TWCs current report on Form 8-K (File No. 001-04174) filed with the Commission on
January 19, 2010 and incorporated herein in its entirety by reference). |
SIGNATURES
After reasonable inquiry and to the best of my knowledge and belief, I certify that the
information set forth in this statement is true, complete and correct.
Dated: January 19, 2010
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The Williams Companies, Inc.
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By: |
/s/ Alan S. Armstrong
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Name: |
Alan S. Armstrong |
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Title: |
Senior Vice President Midstream |
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Williams Energy Services, LLC
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By: |
/s/ Alan S. Armstrong
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Name: |
Alan S. Armstrong |
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Title: |
Senior Vice President |
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Williams Energy, L.L.C.
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By: |
/s/ Alan S. Armstrong
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Name: |
Alan S. Armstrong |
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Title: |
Senior Vice President |
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MAPCO Inc.
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By: |
/s/ Alan S. Armstrong
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Name: |
Alan S. Armstrong |
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Title: |
Senior Vice President |
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Williams Partners Holdings LLC
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By: |
/s/ Alan S. Armstrong
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Name: |
Alan S. Armstrong |
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Title: |
Chief Operating Officer |
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Williams Partners GP LLC
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By: |
/s/ Alan S. Armstrong
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Name: |
Alan S. Armstrong |
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Title: |
Chief Operating Officer |
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Schedule 1
Executive Officers of The Williams Companies, Inc.
|
Alan S. Armstrong |
c/o The Williams Companies, Inc. |
One Williams Center |
Tulsa, Oklahoma 74172-0172 |
Principal Occupation: Senior vice president, Midstream |
Citizenship: USA |
Amount Beneficially Owned: 20,000 (less than 1%)* # & ! |
|
James J. Bender |
c/o The Williams Companies, Inc. |
One Williams Center |
Tulsa, Oklahoma 74172-0172 |
Principal Occupation: Senior vice president and general counsel |
Citizenship: USA |
Amount Beneficially Owned: 10,000 (less than 1%)* # &^ |
|
Donald R. Chappel |
c/o The Williams Companies, Inc. |
One Williams Center |
Tulsa, Oklahoma 74172-0172 |
Principal Occupation: Senior vice president and chief financial officer |
Citizenship: USA |
Amount Beneficially Owned: 10,000 (less than 1%)* # & |
|
Ralph A. Hill |
c/o The Williams Companies, Inc. |
One Williams Center |
Tulsa, Oklahoma 74172-0172 |
Principal Occupation: Senior vice president, Exploration and Production |
Citizenship: USA |
Amount Beneficially Owned: 500 (less than 1%)* # & |
|
Robyn L. Ewing |
c/o The Williams Companies, Inc. |
One Williams Center |
Tulsa, Oklahoma 74172-0172 |
Principal Occupation: Senior vice president and chief administrative officer |
Citizenship: USA |
Amount Beneficially Owned: 0 |
|
|
Steven J. Malcolm |
c/o The Williams Companies, Inc. |
One Williams Center |
Tulsa, Oklahoma 74172-0172 |
Principal Occupation: Chairman of the board, chief executive officer and president |
Citizenship: USA |
Amount Beneficially Owned: 25,100 (less than 1%)* $ @ |
|
Phillip D. Wright |
c/o The Williams Companies, Inc. |
One Williams Center |
Tulsa, Oklahoma 74172-0172 |
Principal Occupation: Senior vice president, Gas Pipeline |
Citizenship: USA |
Amount Beneficially Owned: 4,425 (less than 1%)* # & |
|
Board of Directors of The Williams Companies, Inc. |
|
Irl Engelhardt |
c/o Patriot Coal Corporation |
12312 Olive Boulevard |
St. Louis, Missouri 63141 |
Principal Occupation: Chairman of Patriot Coal Corporation |
Citizenship: USA |
Amount Beneficially Owned: 0 |
|
Kathleen B. Cooper |
c/o Southern Methodist University |
213 Carr Collins Hall |
3330 University Boulevard |
Dallas, TX 75275-0117 |
Principal Occupation: Senior Fellow |
Citizenship: USA |
Amount Beneficially Owned: 0 |
|
William R. Granberry |
Compass Operating, LLC (Compass) |
400 W. Illinois, Suite 1000 |
Midland, Texas 79701 |
Principal Occupation: Member of Compass, a company that explores for, develops and produces
oil
and gas in the Permian Basin of West Texas and southeast New Mexico |
Citizenship: USA |
Amount Beneficially Owned: 0 |
|
William E. Green |
425 Sherman Avenue, Suite 100 |
Palo Alto, California 94306 |
Principal Occupation: Founder of William Green & Associates, a Palo Alto, California law firm,
and
vice president, general counsel and secretary of AIM Broadcasting, LLC, a broadcast media
firm,
whose address is 480 Lytton Avenue, Suite 7, Palo Alto, California 94301 |
Citizenship: USA |
Amount Beneficially Owned: 1,180 (less than 1%)* # & |
|
|
Juanita H. Hinshaw |
7701 Forsyth Blvd., Suite 1000 |
Clayton, Missouri 63105 |
Principal Occupation: Retired |
Citizenship: USA |
Amount Beneficially Owned: 1,000 (less than 1%)* # & |
|
W.R. Howell |
42113 N. 105 th Street |
Scottsdale, Arizona 85262 |
Principal Occupation: Retired |
Citizenship: USA |
Amount Beneficially Owned: 5,000 (less than 1%)* # & |
|
Joseph R. Cleveland |
9117 Mid Pines Court |
Orlando, Florida 32719 |
Principal Occupation: Retired |
Citizenship: USA |
Amount Beneficially Owned: 0 |
|
George A. Lorch |
1125 Dormie Drive |
Naples, Florida 34108 |
Principal Occupation: Retired |
Citizenship: USA |
Amount Beneficially Owned: 5,000 (less than 1%)+ # |
|
William G. Lowrie |
44 Goat Island Place |
Sheldon, South Carolina 29941 |
Principal Occupation: Retired |
Citizenship: USA |
Amount Beneficially Owned: 2,320 (less than 1%)* # & |
|
Frank T. MacInnis |
c/o EMCOR Group, Inc. |
301 Merritt Seven, 6 th Floor |
Norwalk, Connecticut 06851 |
Principal Occupation: Chairman of the board and chief executive officer of EMCOR Group, Inc.,
an
electrical and mechanical construction and facilities management group |
Citizenship: USA |
Amount Beneficially Owned: 5,000 (less than 1%)* # & |
|
Steven J. Malcolm |
(see above) |
|
|
Janice D. Stoney |
c/o Qwest Communications |
20 E. Thomas, 16th Floor |
Phoenix, Arizona 85012 |
Principal Occupation: Retired |
Citizenship: USA |
Amount Beneficially Owned: 5,000 (less than 1%)+ # |
|
Executive Officers of MAPCO Inc. |
|
Alan S. Armstrong |
(see above) |
|
Board of Directors of MAPCO Inc. |
|
Alan S. Armstrong |
(see above) |
|
R.T. Cronk |
c/o The Williams Companies, Inc. |
One Williams Center |
Tulsa, Oklahoma 74172-0172 |
Principal Occupation: Vice president, technical services of Williams Midstream Gas and
Liquids, a
segment of The Williams Companies, Inc. |
Citizenship: USA |
Amount Beneficially Owned: 0 |
|
Steven J. Malcolm |
(see above) |
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Executive Officers of Williams Energy, L.L.C. |
|
Alan S. Armstrong |
(see above) |
|
Members of the Management Committee of Williams Energy, L.L.C. |
|
Alan S. Armstrong |
(see above) |
|
R.T. Cronk |
(see above) |
|
Steven J. Malcolm |
(see above) |
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|
|
Executive Officers of Williams Partners Holdings LLC |
|
Alan S. Armstrong |
(see above) |
|
Executive Officers of Williams Midstream Natural Gas Liquids, Inc. |
|
Alan S. Armstrong |
(see above) |
|
Board of Directors of Williams Midstream Natural Gas Liquids, Inc. |
|
Alan S. Armstrong |
(see above) |
|
R. T. Cronk |
(see above) |
|
Steven J. Malcolm |
(see above) |
|
Executive Officers of Williams Natural Gas Liquids, Inc. |
|
Alan S. Armstrong |
(see above) |
|
Board of Directors of Williams Natural Gas Liquids, Inc. |
|
Alan S. Armstrong |
(see above) |
|
R. T. Cronk |
(see above) |
|
Steven J. Malcolm |
(see above) |
|
Executive Officers of ESPAGAS USA Inc. |
|
Donald R. Chappel |
(see above) |
|
Board of Directors of ESPAGAS USA Inc. |
|
Donald R. Chappel |
(see above) |
|
Dennis M. Elliott |
c/o The Williams Companies, Inc. |
One Williams Center |
Tulsa, OK 74172-0172 |
Principal Occupation: Director EH&S Midstream for The Williams Companies, Inc. |
Citizenship: USA |
Amount Beneficially Owned: 0 |
|
Rodney J. Sailor |
c/o Williams Partners GP LLC |
One Williams Center |
Tulsa, Oklahoma 74172-0172 |
Principal Occupation: Vice President and Treasurer of The Williams Companies, Inc. |
Citizenship: USA |
Amount Beneficially Owned: 0 |
|
Executive Officers of Williams Energy Services, LLC |
|
Steven J. Malcolm |
(see above) |
|
Alan S. Armstrong |
(see above) |
|
Robyn L. Ewing |
(see above) |
|
Members of the Management Committee of Williams Energy Services, LLC |
|
Steven J. Malcolm |
(see above) |
|
Robyn L. Ewing |
(see above) |
|
Donald R. Chappel |
(see above) |
|
Executive Officers of Williams Partners GP LLC |
|
Steven J. Malcolm |
(see above) |
|
Donald R. Chappel |
(see above) |
|
Alan S. Armstrong |
(see above) |
|
James J. Bender |
(see above) |
|
Board of Directors of Williams Partners GP LLC |
|
Steven J. Malcolm |
(see above) |
|
Donald R. Chappel |
(see above) |
|
Alan S. Armstrong |
(see above) |
|
Rodney J. Sailor |
(see above) |
|
|
Billy Z. Parker |
c/o Williams Partners GP LLC |
One Williams Center |
Tulsa, Oklahoma 74172-0172 |
Principal Occupation: Retired |
Citizenship: USA |
Amount Beneficially Owned: 9,524 (less than 1%)* # & |
|
Alice M. Peterson |
c/o Williams Partners GP LLC |
One Williams Center |
Tulsa, Oklahoma 74172-0172 |
Principal Occupation: Chief Ethics Officer of SAI Global, a provider of ethics, compliance and
reputation
management solutions |
Citizenship: USA |
Amount Beneficially Owned: 4,524 (less than 1%) * & |
|
H. Michael Krimbill |
c/o Williams Partners GP LLC |
One Williams Center |
Tulsa, Oklahoma 74172-0172 |
Principal Occupation: Retired |
Citizenship: USA |
Amount Beneficially Owned: 57,151 (less than 1%) * & |
|
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* |
|
Listed Person has sole power to vote or direct the vote and sole power to dispose or to
direct the disposition of the Common Units |
|
+ |
|
Listed Person holds such Common Units in joint tenancy with his wife and, therefore, the Listed
Person has shared power to vote or direct the vote and shared power to dispose or to direct the
disposition of the Common Units, and the Listed Persons wife also has the right to receive or the
power to direct the receipt of dividends from, or the proceeds from the sale of, such Common Units |
|
# |
|
Listed Person acquired a portion of Common Units pursuant to Issuers directed unit program |
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$ |
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Listed Person acquired 25,000 Common Units pursuant to Issuers directed unit program and 100
Common Units in the open market |
|
& |
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Listed Person has right to receive or the power to direct the receipt of dividends from, or the
proceeds from the sale of, such Common Units |
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@ |
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Listed Person is the trustee of The Steven J. Malcolm Revocable Trust dated 01/19/2000, who has
the right to receive or the power to direct the receipt of dividends from, or the proceeds from the
sale of, such Common Units |
|
! |
|
Listed Person is the trustee of The Shelly Stone Armstrong Trust dated August 10, 2004, who has
the right to receive or the power to direct the receipt of dividends from, or the proceeds from the
sale of, 5,000 Common Units held by the Trust. |
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^ |
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Listed Person is the trustee of the James J. Bender Trust dated July 8, 2009, who has the right
to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of,
10,000 Common Units held by the Trust. |