Global Infrastructure GP II, L.P. 4
4 · Hess Midstream LP · Filed Aug 22, 2023
Insider Transaction Report
Form 4
Global Infrastructure Investors II, LLC
Director10% Owner
Transactions
- Other
Class B Shares
2023-08-22−1,500,000→ 76,556,634 total(indirect: See footnote) - Sale
Class A Shares
2023-08-22$28.59/sh−1,500,000$42,885,000→ 0 total(indirect: See footnote) - Conversion
Class A Shares
2023-08-22+1,500,000→ 1,500,000 total(indirect: See footnote) - Conversion
Opco Class B Units
2023-08-22−1,500,000→ 76,556,634 total(indirect: See footnote)→ Class A Shares (1,500,000 underlying)
Holdings
- 449,000(indirect: See footnote)
Class A Shares
Footnotes (4)
- [F1]Reflects the cancellation for no consideration of Class B Shares in connection with the conversion of the Opco Class B Units into Class A Shares.
- [F2]Represents securities held by Hess Midstream GP LP. Hess Infrastructure Partners GP LLC is the sole member of Hess Midstream GP LLC, which is the general partner of Hess Midstream GP LP. Hess Infrastructure Partners GP LLC is a 50/50 joint venture between Hess Investments North Dakota LLC ("HINDL") and GIP II Blue Holding, L.P. ("Blue Holding"). As such, each of the foregoing entities may be deemed to beneficially own the securities held of record by Hess Midstream GP LP. Each such entity disclaims beneficial ownership of such securities except to the extent of their pecuniary interest therein.
- [F3]Represents securities held by Blue Holding. Global Infrastructure Investors II, LLC is the sole general partner of Global Infrastructure GP II, L.P., which is the sole member of GIP Blue Holding GP, LLC, which is the general partner of Blue Holding. As such, each of the foregoing entities may be deemed to beneficially own the securities held of record by Blue Holding. Each such entity disclaims beneficial ownership of such securities except to the extent of its pecuniary interest therein.
- [F4]The Opco Class B Units may be converted at any time into Class A Shares on a one-to-one basis and have no expiration date.