Oasis Petroleum LLC 4
4 · Oasis Midstream Partners LP · Filed Sep 27, 2017
Insider Transaction Report
Form 4
Oasis Petroleum Inc.
10% Owner
Transactions
- Other
Subordinated units representing limited partner interests
2017-09-25+13,750,000→ 13,750,000 total(indirect: See Footnotes)→ Common units representing limited partner interests (13,750,000 underlying) - Other
Common units representing limited partner interests
2017-09-25+5,125,000→ 5,125,000 total(indirect: See Footnotes)
Footnotes (3)
- [F1]In connection with the initial public offering of Oasis Midstream Partners LP's (the "Issuer") common units representing limited partner interests ("Common Units"), pursuant to that certain Contribution Agreement, by and among the Issuer, OMS Holdings LLC ("OMS Holdings") and other parties thereto, dated September 25, 2017, OMS Holdings contributed certain assets to the Issuer and received in exchange 5,125,000 Common Units and 13,750,000 subordinated units representing limited partner interests in the Issuer ("Subordinated Units").
- [F2]The Subordinated Units have no expiration date and will convert into Common Units on a one-for-one basis at the end of the "subordination period" described in the Issuer's Prospectus (File No. 333-217976) filed with the Securities and Exchange Commission on September 22, 2017.
- [F3]This Form 4 is being filed jointly by OMS Holdings, Oasis Petroleum LLC ("Oasis Petroleum") and Oasis Petroleum Inc. ("OAS"). As of September 27, 2017 OMS Holdings directly owns 5,125,000 Common Units and 13,750,000 Subordinated Units of the Issuer, Oasis Petroleum directly owns 100% of the outstanding membership interests in OMS Holdings and OAS directly owns 100% of the outstanding membership interests in Oasis Petroleum. Accordingly, OAS and Oasis Petroleum may be deemed to be an indirect beneficial owner of the securities of the Issuer held by OMS Holdings.