SEC FORM 4 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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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*
TEAGUE AJ

(Last) (First) (Middle)
1100 LOUISIANA STREET
SUITE 1000

(Street)
HOUSTON TX 77002

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
ENTERPRISE PRODUCTS PARTNERS L.P. [ EPD ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
X Officer (give title below) Other (specify below)
Co-Chief Executive Officer
3. Date of Earliest Transaction (Month/Day/Year)
02/04/2021
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. 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. 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 Partnership Interests 1,996,188(1) D
Common Units Representing Limited Partnership Interests 61,746 I By Trust
Common Units Representing Limited Partnership Interests 39,055 I By Spouse
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
Phantom Units (2) (3) (3) Common Units 35,000 35,000 D
Phantom Units (2) (4) (4) Common Units 81,300 81,300 D
Phantom Units (2) (5) (5) Common Units 157,500 157,500 D
Phantom Units (2) (6) (6) Common Units 225,000 225,000 D
Phantom Units (2) 02/04/2021 A 250,000 (7) (7) Common Units 250,000 $0.00 250,000 D(8)
Explanation of Responses:
1. Includes common units that were acquired under the issuer's employee unit purchase plan. Gives effect to a transfer made pursuant to a domestic relations order.
2. Each phantom unit is the economic equivalent of one Enterprise Products Partners L.P. ("EPD") common unit.
3. These phantom units vest in one remaining annual installment on February 16, 2021. The remaining annual installment will expire upon vesting and settlement thereof in exchange for an equal number of EPD common units.
4. These phantom units vest in two remaining equal annual installments beginning on February 16, 2021. Each remaining annual installment will expire upon vesting and settlement thereof in exchange for an equal number of EPD common units.
5. These phantom units vest in three remaining equal annual installments beginning on February 16, 2021. Each remaining annual installment will expire upon vesting and settlement thereof in exchange for an equal number of EPD common units.
6. These phantom units vest in four equal annual installments beginning on February 16, 2021. Each annual installment will expire upon vesting and settlement thereof in exchange for an equal number of EPD common units.
7. These phantom units vest in four equal annual installments beginning on February 16, 2022. Each annual installment will expire upon vesting and settlement thereof in exchange for an equal number of EPD common units.
8. The power of attorney under which this form was signed is attached.
Remarks:
Transaction Code A - Grant, award or other acquisition pursuant to Rule 16b-3(d)
/s/Jennifer W. Dickson, Attorney-in-Fact on behalf of A. James Teague 02/08/2021
** Signature of Reporting Person Date
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.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
POWER OF ATTORNEY


KNOW ALL PERSONS BY THIS DOCUMENT:  That A. James Teague has made, constituted,
and appointed, and by this document does make, constitute, and appoint
CHRISTOPHER S. WADE and JENNIFER W. DICKSON, of the County of Harris, State of
Texas, whose signatures are:


/s/Christopher S. Wade
Christopher S. Wade, Attorney-in-Fact


/s/Jennifer W. Dickson
Jennifer W. Dickson, Attorney-in-Fact


or any of them, signing singly, its true and lawful attorney-in-fact, and in its
name, place, and stead to:

1. Execute, deliver and file on behalf of the undersigned, in the undersigned's
capacity as a director and/or officer of Enterprise Products Holdings LLC, the
sole general partner of Enterprise Products Partners L.P., (the "Company") any
U.S. Securities and Exchange Commission Form 3, 4 and 5 in accordance with
Section 16(a) of the Securities Exchange Act of 1934 and the rules thereunder
with respect to holdings of or trading in securities issued by the Company;

2. Do and perform any and all acts for and on behalf of the undersigned which
may be necessary or desirable to complete and execute any such Form 3, 4 or 5
and timely file such form or any amendment thereto with the United States
Securities and Exchange Commission and any stock exchange or similar authority;
and

3. Take any other action of any type whatsoever in connection with or in
furtherance of the matters described in paragraphs 1 and 2 above which in the
opinion of its attorney-in-fact may be of benefit to, and in the best interest
of, or legally required by, the undersigned.


Giving and granting to each such attorney-in-fact full power and authority to do
and perform every act necessary and proper to be done in the exercise of the
foregoing powers as fully as it might or could do if personally present, with
full power of substitution and revocation, hereby ratifying and confirming all
that such attorney-in-fact, or such attorney-in-fact's substitutes, shall
lawfully do or cause to be done by virtue of this power of attorney and the
rights and powers herein granted.  The undersigned acknowledges that each
attorney-in-fact, in serving in such capacity at the request of the undersigned,
is not assuming, nor is the Company assuming, any of the undersigned's
responsibilities to comply with Section 16 of the Securities Exchange Act of
1934.


This Power of Attorney shall remain in effect until the undersigned is no longer
required to file Forms 3, 4 and 5 with respect to the undersigned's holdings of
and transactions in securities issued by the Company, unless revoked by the
undersigned in a signed writing delivered to each of the foregoing
attorneys-in-fact.


IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney to be
executed as of this 9th day of November, 2020.



							/s/A. James Teague
							A. James Teague