Sec Form 4 Filing - Tallgrass Energy Holdings, LLC @ Tallgrass Energy Partners, LP - 2015-05-12

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
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, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Tallgrass Energy Holdings, LLC
2. Issuer Name and Ticker or Trading Symbol
Tallgrass Energy Partners, LP [ TEP]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director X __ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
4200 W. 115TH STREET, SUITE 350
3. Date of Earliest Transaction (MM/DD/YY)
05/12/2015
(Street)
LEAWOOD, KS66211
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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
Common units representing limited partner interests 05/12/2015 S 20,000,000 ( 1 ) D $ 47.68 6,355,480 I By Tallgrass Operations, LLC ( 2 )
Common units representing limited partner interests 05/12/2015 P 20,000,000 ( 1 ) A $ 47.68 20,000,000 I By Tallgrass Equity, LLC ( 3 )
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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(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 of Derivative Security: 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
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Tallgrass Energy Holdings, LLC
4200 W. 115TH STREET, SUITE 350
LEAWOOD, KS66211
X
Signatures
Tallgrass Energy Holdings, LLC, /s/ Chris Jones, Name: Chris Jones, Title: Assistant Secretary 01/04/2016
Signature of Reporting Person Date
Explanation of Responses:
( 1 )The reported transaction involved a sale, in connection with the closing of the initial public offering of Tallgrass Energy GP, LP, of 20,000,000 common units representing limited partner interests ("Common Units") of Tallgrass Energy Partners, LP (the "Issuer") by Tallgrass Operations, LLC ("Tallgrass Operations") to Tallgrass Equity, LLC ("Tallgrass Equity").
( 2 )Tallgrass Energy Holdings, LLC (the "Reporting Person") is the general partner of Tallgrass Development, LP ("Tallgrass Development"). Tallgrass Development directly owns 100% of the outstanding securities of Tallgrass Operations. Tallgrass Operations directly owns Common Units of the Issuer. The Reporting Person may therefore be deemed to beneficially own Common Units of the Issuer owned directly by Tallgrass Operations. The Reporting Person disclaims beneficial ownership of the Common Units held by Tallgrass Operations except to the extent of its pecuniary interest therein.
( 3 )The Reporting Person directly owns 100% of the outstanding securities of TEGP Management, LLC ("TEGP GP"). TEGP GP is the general partner of Tallgrass Energy GP, LP ("TEGP"). TEGP is the managing member of Tallgrass Equity. As a result of the reported transactions, Tallgrass Equity directly owns 20,000,000 Common Units of the Issuer. The Reporting Person may therefore be deemed to beneficially own securities of the Issuer owned directly by Tallgrass Equity. The Reporting Person disclaims beneficial ownership of the Common Units held by Tallgrass Equity except to the extent of its pecuniary interest therein.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

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