Reaction catalyzed by N-acetylphosphatidylethanolamine-hydrolysing phospholipase D (3.1.4.54)

	N-arachidonoyl-1,2-dioleoyl-phosphatidylehanolamine	+		H2O	=			+
	N-arachidonoyl-1,2-dioleoyl-phosphatidylehanolamine	+		H2O	=		N-arachidonoylethanolamine	+		1,2-dioleoyl-sn-glycerol 3-phosphate