4//SEC Filing
Reid Taylor L 4
Accession 0000899243-22-004718
CIK 0001652133other
Filed
Feb 2, 7:00 PM ET
Accepted
Feb 3, 8:00 PM ET
Size
8.2 KB
Accession
0000899243-22-004718
Insider Transaction Report
Form 4
Reid Taylor L
DirectorChief Executive Officer
Transactions
- Disposition to Issuer
Common units representing limited partner interests
2022-02-01$27.48/sh−40,712$1,118,766→ 0 total
Holdings
- 6,056
Phantom Units
→ Common units representing limited partnership interests
Footnotes (3)
- [F1]On February 1, 2022, pursuant to that certain Agreement and Plan of Merger, dated as of October 25, 2021 (the "Merger Agreement"), by and among Oasis Midstream Partners LP ("OMP"), OMP GP LLC, Crestwood Equity Partners LP ("Crestwood"), Project Phantom Merger Sub LLC, Project Falcon Merger Sub LLC and Crestwood Equity GP LLC, (i) each common unit representing limited partner interests in OMP (other than the Sponsor Units (as defined in the Merger Agreement)) issued and outstanding immediately prior to the Effective Time (as defined in the Merger Agreement) was converted into the right to receive 0.8700 common units representing limited partner interests in Crestwood ("Crestwood Common Units"). On January 31, 2022 (the last trading day prior to the Effective Time), the closing price of the Crestwood Common Units was $27.48.
- [F2]An award of Phantom Units that was granted to the Reporting Person by our sponsor, Oasis Petroleum Inc. While the Phantom Units were granted by Oasis Petroleum Inc., each Phantom Unit represents the right to receive, upon vesting, a cash payment equal to the fair market value of one common unit representing a limited partner interest of OMP. Oasis Petroleum Inc. is solely responsible for any payments attributable to the Phantom Units. Since the Phantom Units were granted by Oasis Petroleum Inc., such Phantom Units will remain outstanding following the Effective Time.
- [F3]The award of Phantom Units was originally granted to the Reporting Person on January 17, 2019 and was scheduled to vest in three equal installments. One-third of the award vested in each of 2020 and 2021. The final one-third of the award, consisting of the number of Phantom Units indicated, is eligible to vest in 2022. Modifications, if any, to be made to the award of Phantom Units following the Effective Time to give effect to the transactions contemplated by the Merger Agreement will be determined by Oasis Petroleum Inc. in its sole discretion.
Documents
Issuer
Oasis Midstream Partners LP
CIK 0001652133
Entity typeother
Related Parties
1- filerCIK 0001494078
Filing Metadata
- Form type
- 4
- Filed
- Feb 2, 7:00 PM ET
- Accepted
- Feb 3, 8:00 PM ET
- Size
- 8.2 KB