================================================================================ SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported) - May 22, 2002 WILLIAMS ENERGY PARTNERS L.P. (Name of Registrant as specified in its charter) DELAWARE 1-16335 73-1599053 (State or other jurisdiction (Commission File Number) (I.R.S. Employer of incorporation or organization) Identification No.) ONE WILLIAMS CENTER TULSA, OKLAHOMA 74172 (918) 573-2000 (Address, including zip code, and telephone number, including area code, of Registrant's principal executive offices) N/A (Former name or former address, if changed since last report.) ================================================================================ ITEM 5. OTHER EVENTS. On May 22, 2002, Williams Energy Partners L.P., a Delaware limited partnership (the "Partnership"), entered into an underwriting agreement, attached as Exhibit 1.1 hereto, with the underwriters named therein with respect to the issuance and sale by the Partnership of 8,000,000 units representing limited partner interests in the Partnership (the "Units") in an underwritten public offering (the "Offering"). The Partnership has granted the underwriters the option for 30 days to purchase an additional 1,200,000 Units solely to cover over-allotments. The Units sold in the Offering were registered under the Securities Act of 1933, as amended, pursuant to the Partnership's shelf registration statement on Form S-3 (File No. 333-83952). The closing of the Offering is expected to occur on May 29, 2002. ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS. The Partnership files the following exhibits as part of this report: Exhibit 1.1 Underwriting Agreement dated as of May 22, 2002 by and among the Partnership and the underwriters named therein. Exhibit 5.1 Opinion of Vinson & Elkins L.L.P. Exhibit 23.1 Consent of Vinson & Elkins L.L.P. (contained in Exhibit 5.1 hereto) Exhibit 99.1 Press Release dated May 23, 2002. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Partnership has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. WILLIAMS ENERGY PARTNERS L.P. By: Williams GP LLC, its general partner Date: May 23, 2002 /s/ Suzanne H. Costin --------------------------------------- Name: Suzanne H. Costin Title: Corporate Secretary INDEX TO EXHIBITS EXHIBIT NUMBER DESCRIPTION ------ ----------- Exhibit 1.1 Underwriting Agreement dated as of May 22, 2002 by and among the Partnership and the underwriters named therein. Exhibit 5.1 Opinion of Vinson & Elkins L.L.P. Exhibit 23.1 Consent of Vinson & Elkins L.L.P. (contained in Exhibit 5.1 hereto) Exhibit 99.1 Press Release dated May 23, 2002.