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 |
OMB APPROVAL
OMB Number: 3235-0287
Expires: January 31, 2005
Estimated average burden hours per response. . . . . 0.5 |
1. Name and Address of Reporting Person*
Plains Resources Inc.
(Last) (First) (Middle)
500 Dallas Street, Suite 700
(Street)
Houston, TX 77002
(City) (State) (Zip)
|
2. Issuer Name and Ticker or Trading Symbol Plains All American Pipeline, L.P.
PAA 3. I.R.S. Identification
Number of Reporting Person, if an entity (voluntary) 132898764
|
4. Statement for Month/Day/Year 11/10/2002
5. If Amendment, Date of Original (Month/Day/Year) |
6. Relationship of Reporting Person(s) to Issuer
(Check all applicable) Director
X 10% Owner
Officer (give title below)
Other (specify below)
Description
7. Individual or Joint/Group
Filing (Check Applicable Line) X Form filed by One Reporting Person
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. Owner-
ship Form: Direct (D) or Indirect (I) (Instr. 4) |
7. Nature of
Indirect Beneficial Ownership (Instr. 4) |
||||||||
Code
|
V
|
Amount
|
A/D
|
Price
|
|||||||||||
Subordinated Units (FN1)
|
11/10/2002
|
|
J (FN2)
|
|
1,109
|
D
|
(FN2)
|
|
I
|
(FN3)
|
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. Conver-
sion or Exercise Price of Deri- vative 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(DE) and
Expiration Date(ED) (Month/Day/Year) |
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. Owner- ship Form of Deriv- ative Securities: Direct (D) or Indirect (I) (Instr.4) |
11. Nature of Indirect Beneficial Ownership (Instr.4) |
||||
Code
|
V
|
A
|
D
|
DE
|
ED
|
Title
|
Amount or Number of Shares
| ||||||||
Phantom awards (obligation to transfer) (FN2) | (FN2) | 11/10/2002 |
J (FN2)
|
|
1,109 |
(FN2)
|
(FN2)
|
Subordinated Units (FN1)
|
1,109
|
(FN2)
|
-0-
|
|
|
(FN1) Subordinated units ("Subordinated Units") of PAA
(FN2) On June 8, 2001, Plains Resources Inc. ("PLX") granted phantom awards covering Subordinated Units held by PLX to certain officers of PAA. These phantom awards vest over time and on certain dates. The 1,109 Subordinated Units vested with respect to one officer of PAA on November 10, 2002. (FN3) The Subordinated Units are held directly by Plains holdings LLC (fka PAAI LLC), which is a wholly-owned subsidiary of Plains Holdings Inc. (fka Plains All American Inc.), which is a wholly-owned subsidiary of PLX. |
By: /s/ Timothy T. Stephens, Executive Vice President-Administration, Secretary and General Counsel November 21, 2002 ** Signature of Reporting Person Date SEC 1474 (9-02) |
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). Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |