Tudor David J 4

4 · Western Midstream Partners, LP · Filed May 9, 2019

Form 4

Period: 2019-05-08

Director

Transactions

Exercise/Conversion
Phantom Units
2019-05-08−3,058→ 0 total
From: 2019-05-08Exp: 2019-05-08→ Common Units representing limited partner interests (3,058 underlying)
Exercise/Conversion
Common Units representing limited partner interests
2019-05-08+3,058→ 32,039 total
Award
Phantom Units
2019-05-08+4,202→ 4,202 total
From: 2020-05-08Exp: 2020-05-08→ Common Units representing limited partner interests (4,202 underlying)
Exercise/Conversion
Phantom Units
2019-05-08−1,426→ 0 total
From: 2019-05-08Exp: 2019-05-08→ Common Units representing limited partner interests (1,426 underlying)
Exercise/Conversion
Common Units representing limited partner interests
2019-05-08+1,426→ 28,981 total

Footnotes (3)

[F1]Each Phantom Unit is the economic equivalent of one WGP Common Unit representing limited partnership interests, and upon vesting, will entitle the holder to receive a common unit or, in the discretion of our general partners' board of directors, cash equal to the fair market value of a common unit at the time of vesting.
[F2]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 document.
[F3]Each Phantom Unit is the economic equivalent of one WES Common Unit representing limited partnership interests, and upon vesting, will entitle the holder to receive a common unit or, in the discretion of our general partners' board of directors, cash equal to the fair market value of a common unit at the time of vesting.

Documents

1 file