Energy Transfer 2015 Annual Report Download - page 130

Table of Contents
directors and greater than 10% Unitholders are required by SEC regulations to furnish the General Partner with copies of all Section 16(a) forms.
Based solely on our review of the copies of such forms received by us, or written representations from reporting persons, we believe that during the year
ended December 31, 2015, all filing requirements applicable to our officers, directors, and greater than 10% beneficial owners were met in a timely manner,
except as set forth below:
• a late Form 4 filed by Mr. David Skidmore on September 2, 2015;
• a late Form 4 filed by Mr. Kelcy Warren on June 30, 2015; and
• a late Form 3 filed by Mr. Robert Owens on March 25, 2015.
ITEM 11. EXECUTIVE COMPENSATION
Overview
As a limited partnership, we are managed by our General Partner, which in turn is managed by its general partner, ETP LLC, which we refer to in this Item as
“our General Partner.” As of December 31, 2015, ETE owned 100% of our General Partner, approximately 0.5% of our outstanding Common Units and 100%
of our outstanding Class H and Class I Units. All of our employees are employed by and receive employee benefits from our Operating Companies.
Compensation Discussion and Analysis
Named Executive Officers
We do not have officers or directors. Instead, we are managed by the board of directors of our General Partner, and the executive officers of our General
Partner perform all of our management functions. As a result, the executive officers of our General Partner are essentially our executive officers, and their
compensation is administered by our General Partner. This Compensation Discussion and Analysis is, therefore, focused on the total compensation of the
executive officers of our General Partner as set forth below. The executive officers we refer to in this discussion as our “named executive officers” are the
following officers of our General Partner:
• Kelcy L. Warren, Chairman and Chief Executive Officer;
• Marshall S. (Mackie) McCrea, III, former President and Chief Operating Officer and current Group Chief Operating Officer and Chief Commercial Officer
of ETE’s general partner;
• Matthew S. Ramsey, President and Chief Operating Officer;
• Thomas E. Long, Chief Financial Officer and Group Chief Financial Officer of ETE’s general partner;
• Martin Salinas, Jr., former Chief Financial Officer;
• Thomas P. Mason, former Senior Vice President, General Counsel and Secretary and current Executive Vice President and General Counsel of ETE’s
general partner; and
• Michael J. Hennigan, President and Chief Executive Officer of Sunoco Partners LLC.
In November 2015, Mr. McCrea was promoted to Group Chief Operating Officer and Chief Commercial Officer of ETE’s general partner and Mr. Ramsey was
appointed as President and Chief Operating Officer of our General Partner to replace Mr. McCrea. In December 2015, Mr. Mason was promoted from Senior
Vice President, General Counsel and Secretary of our General Partner to Executive Vice President and General Counsel of ETE’s general partner. As Messrs.
McCrea and Mason served our General Partner in their ETP executive capacities for significant portions of 2015, we have included them as named executive
officers herein.
During 2015, Mr. Hennigan’s primary business responsibilities related to ETP’s Investment in Sunoco Logistics segment, including Sunoco Logistics and its
consolidated subsidiaries. The compensation committee of Sunoco Logistics’ general partner sets the components of Mr. Hennigan’s compensation,
including salary, long-term incentive awards and annual bonus utilizing the same philosophy and methodology adopted by our General Partner.
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