Arnold Steven D 4
4 · Western Midstream Partners, LP · Filed May 9, 2019
Insider Transaction Report
Form 4
Arnold Steven D
Director
Transactions
- Award
Phantom Units
2019-05-08+4,202→ 4,202 totalFrom: 2020-05-08Exp: 2020-05-08→ Common Units representing limited partner interests (4,202 underlying) - Exercise/Conversion
Common Units representing limited partner interests
2019-05-08+3,058→ 68,414 total - Exercise/Conversion
Phantom Units
2019-05-08−3,058→ 0 totalFrom: 2019-05-08Exp: 2019-05-08→ Common Units representing limited partner interests (3,058 underlying)
Footnotes (2)
- [F1]In connection with the Merger, Mr. Arnold'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.
- [F2]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.