Rush Donald W. 4
4 · CNX Midstream Partners LP · Filed Sep 30, 2020
Insider Transaction Report
Form 4
Rush Donald W.
DirectorChief Financial Officer
Transactions
- Other
Phantom Unit (Right to Common Units)
2020-09-28−40,887→ 0 total→ Common Units (limited partner interests) (0 underlying) - Other
Common Units
2020-09-28−5,929→ 0 total
Footnotes (3)
- [F1]As part of the acquisition of Issuer, each outstanding common unit (representing a limited partner interest in the Issuer) has converted into the right to receive 0.88 shares of common stock, par value $0.01 per share, of CNX Resources Corporation.
- [F2]The phantom units, and accompanying accrued dividend equivalent rights, are settled upon vesting in common units on a one-for-one basis or, at the discretion of the Issuer, in cash.
- [F3]These phantom units, including all accrued dividend equivalent rights, which provided for vesting on the first anniversary of the original grant date, were assumed by CNX Resources Corporation ("CNX") on September 28, 2020, upon its acquisition of the remaining common units of the Issuer, and replaced with a grant of 35,982 restricted stock units of CNX at a per share grant price of $10.22.