Sec Form 4 Filing - Enagas U.S.A. LLC @ Tallgrass Energy, LP - 2019-07-30

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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
Enagas U.S.A. LLC
2. Issuer Name and Ticker or Trading Symbol
Tallgrass Energy, LP [ TGE]
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)
850 NEW BURTON ROAD, SUITE 201
3. Date of Earliest Transaction (MM/DD/YY)
07/30/2019
(Street)
DOVER, DE19904
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
_____ Form filed by One Reporting Person
__ X __ 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
Class A Shares 07/30/2019 C( 1 )( 2 ) 66,931 A 1,127,935 I See Footnotes ( 3 ) ( 7 ) ( 9 ) ( 10 )
Class B Shares 07/30/2019 C( 1 )( 2 ) 4,308,696 A 100,655,121 I See Footnotes ( 4 ) ( 7 ) ( 9 ) ( 10 )
Class A Shares 21,751,018 I See Footnotes ( 5 ) ( 7 ) ( 9 ) ( 10 )
Class A Shares 773,510 I See Footnotes ( 6 ) ( 7 ) ( 9 ) ( 10 )
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
TE Units ( 8 ) 07/30/2019 C( 1 )( 2 ) 4,308,696 ( 8 ) ( 8 ) Class A Shares 4,308,696 ( 1 ) ( 2 ) 100,655,121 I See Footnotes ( 4 ) ( 7 ) ( 9 ) ( 10 )
Obligation to Acquire ( 1 ) ( 2 ) 07/30/2019 C( 1 )( 2 ) 1 ( 1 ) ( 1 )( 2 ) ( 1 )( 2 ) Class A shares, Class B shares and TE units ( 1 ) ( 1 ) ( 2 ) 0 I See Footnotes ( 1 ) ( 2 ) ( 7 ) ( 9 ) ( 10 )
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Enagas U.S.A. LLC
850 NEW BURTON ROAD, SUITE 201
DOVER, DE19904
X
Enagas, S.A.
PASEO DE LOS OLMOS, 19
MADRID, U328005
X
Enagas Internacional, S.L.U.
PASEO DE LOS OLMOS, 19
MADRID, U328005
X
Enagas Holding USA, S.L.U.
PASEO DE LOS OLMOS, 19
MADRID, U328005
X
Signatures
Enagas, S.A., By: /s/ Marcelino Oreja Arburua, Name: Marcelino Oreja Arburua, Title: Authorized Representative 07/30/2019
Signature of Reporting Person Date
Enagas International, S.L.U., By: /s/ Marcelino Oreja Arburua, Name: Marcelino Oreja Arburua, Title: Authorized Representative 07/30/2019
Signature of Reporting Person Date
Enagas Holding USA, S.L.U., By: /s/ Marcelino Oreja Arburua , Name: Marcelino Oreja Arburua, Title: Authorized Representative 07/30/2019
Signature of Reporting Person Date
Enagas U.S.A. LLC, By: /s/ Marcelino Oreja Arburua, Name: Marcelino Oreja Arburua, Title: Authorized Representative 07/30/2019
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Pursuant to the the Equityholders Agreement dated as of March 11, 2019 (the "Equityholders Agreement"), affiliates of Enagas were required to acquire, promptly after the Committee on Foreign Investments in the United States approved Enagas making further investments in Tallgrass Energy, LP ("TGE") securities, BIA GP L.P.'s ("BIA GP"), indirect interests in certain Class A shares representing limited partner interests ("Class A shares") in TGE, Class B shares representing limited partner interests ("Class B shares") in TGE and units representing membership interests ("TE units") in Tallgrass Equity, LLC, pursuant to the terms of the Equityholders Agreement, as described below.
( 2 )On July 30, 2019, promptly after the CFIUS approval described above was granted, and pursuant to the transfer obligations described above, affiliates of Enagas acquired (i) equity interests in affiliates of BIA GP representing BIA GP's indirect interest with respect to 66,931 Class A shares held by Prairie Secondary Acquiror E LP ("Secondary Acquiror 2") plus a corresponding percentage of Secondary Acquiror 2's capital in exchange for approximately $14.1 million, and (ii) BIA GP's indirect interest in 4,308,696 Class B shares and 4,308,696 TE units in exchange for $83.4 million plus the assumption of $40.7 million of debt, which is not guaranteed by Enagas, S.A. or its affiliates. There was no change in the aggregate number of securities held by the Acquiror LPs (as defined below) as a result of these transfers, other than a transfer of 150,439 Class B shares and 150,439 TE units from Prairie VCOC Acquiror LP ("VCOC Acquiror") to Prairie ECI Acquiror LP ("ECI Acquiror").
( 3 )These Class A shares are owned directly by Secondary Acquiror 2.
( 4 )Includes 98,353,838 Class B Shares and an equal number TE Units owned directly by ECI Acquiror; and 2,301,283 Class B Shares and an equal number of TE units owned directly by VCOC Acquiror.
( 5 )These Class A shares are owned directly by Prairie Non-ECI Acquiror LP ("Non-ECI Acquiror").
( 6 )These Class A shares are owned directly by Prairie Secondary Acquiror LP ("Secondary Acquiror 1").
( 7 )BIP Holdings Manager L.L.C. ("Holdings Manager") is the general partner of each of Secondary Acquiror 1, Secondary Acquiror 2 and Non-ECI Acquiror (the "Acquiror LPs"). Pursuant to the Equityholders Agreement dated as of March 11, 2019 (the "Equityholders Agreement"), the consent of Enagas Holding USA, S.L.U. ("Enagas Holding") and Enagas U.S.A. LLC ("Enagas USA") are required in certain circumstances for Holdings Manager to direct the voting and disposition of the securities held by the Acquiror LPs. Enagas, S.A. ("Enagas") is the sole shareholder of Enagas Internacional, S.L.U., which is the sole shareholder of Enagas Holding, which is the sole member of Enagas USA. Enagas is a publicly traded corporation with shares listed on the Madrid, Barcelona, Bilbao and Valencia Stock Exchanges (Spain).
( 8 )TE units may be exchanged by the holders thereof for an equivalent number of Class A shares and upon such exchange, an equivalent number of Class B shares held by such holder will be cancelled.
( 9 )Each of the Reporting Persons disclaims beneficial ownership of the securities held by the Acquiror LPs, except to the extent of such Reporting Person's pecuniary interest therein, and, pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, each of the Reporting Persons states that the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose.
( 10 )Information with respect to each of the Reporting Persons is given solely by such Reporting Person, and no Reporting Person has responsibility for the accuracy or completeness of information supplied by another Reporting Person.

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