4//SEC Filing
Tudor David J 4
Accession 0000899243-19-005807
CIK 0001414475other
Filed
Mar 3, 7:00 PM ET
Accepted
Mar 4, 5:12 PM ET
Size
8.6 KB
Accession
0000899243-19-005807
Insider Transaction Report
Form 4
Tudor David J
Director
Transactions
- Disposition to Issuer
Phantom Units
2019-02-28−2,005→ 0 totalFrom: 2019-05-08Exp: 2019-05-08→ Common Units Representing Limited Partnership Interests (2,005 underlying) - Disposition to Issuer
Common Units Representing Limited Partnership Interests
2019-02-28−12,519→ 0 total
Footnotes (3)
- [F1]Disposition in connection with the merger of a wholly owned subsidiary of Western Gas Equity Partners, LP ("WGP") with Western Gas Partners, LP ("WES"), with WES continuing as the surviving entity and becoming a wholly owned subsidiary of WGP (the "Merger"). On February 27, 2019, the last trading day for the WES common units, the closing price of WES's common units was $49.55 per unit and the closing price of WGP's common units was $32.72 per unit. Each WES common unit outstanding was converted into the right to receive 1.525 WGP common units. As part of the Merger, WES changed its name to "Western Midstream Operating, LP" and its common units, which previously traded on the New York Stock Stock Exchanged ("NYSE") under the "WES" ticker symbol, ceased trading, and WGP changed its name to "Western Midstream Partners, LP" and its common units, which previously traded on the NYSE under the "WGP" ticker symbol,
- [F2](continued from footnote 1) began trading on the NYSE under the "WES" ticker symbol when the market opened on Thursday, February 28, 2019.
- [F3]In connection with the Merger, Mr. Tudor's grant of 2,005 WES phantom units was converted into a grant of 3,058 WGP phantom units, which reflects the conversion ratio of 1.525 WGP common units for each WES common unit set forth in the Merger transaction document. Each WES phantom unit represented the economic equivalent of one WES common unit that, upon vesting, entitled the holder to receive a WES common unit
Documents
Issuer
Western Midstream Operating, LP
CIK 0001414475
Entity typeother
Related Parties
1- filerCIK 0001432308
Filing Metadata
- Form type
- 4
- Filed
- Mar 3, 7:00 PM ET
- Accepted
- Mar 4, 5:12 PM ET
- Size
- 8.6 KB