SEC Form 4 · accession 0001127602-15-031756
Western Midstream Operating, LP · WES
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Donald R. Sinclair
Officer — CEO, President & Director · Director
Period of report
Nov 14, 2015
Accepted (ET)
Nov 17, 2015 · 6:31 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001414475
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Units Representing Limited Partnership Interests | Nov 14, 2015 | M | 3,192 | $0.00 | A | 85,067 | D | |
| Common Units Representing Limited Partnership Interests | Nov 14, 2015 | F | 873 | $47.18 | D | 84,194 | D | |
| Common Units Representing Limited Partnership Interests | holding | — | — | — | 16,470 | I | By Trust |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom UnitsF1,F2 | — | Nov 14, 2015 | M | 3,192 | D | — | — | Common Units Representing Limited Partnership Interests | 3,192 | 0 | D |
Explanation of responses
- F1Each Phantom Unit is the economic equivalent of one WES Common Unit representing limited partnership interests, and upon vesting, entitled to receive a common unit.
- F2The phantom units vest in three annual installments beginning one year after the date of grant.