SEC Form 4 · accession 0000899243-18-015601
Western Midstream Partners, LP · WES
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Period of report
Jun 7, 2018
Accepted (ET)
Jun 7, 2018 · 7:11 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001423902
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Units representing limited partner interestsF1 | Jun 7, 2018 | J | 8,207,320 | — | D | 170,380,045 | I | See footnote |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Purchase Contract Obligation to Deliver Common UnitsF1 | — | Jun 7, 2018 | J | 9,200,000 | D | Jun 7, 2018 | Jun 7, 2018 | Common Units | 8,207,320 | 0 | D |
Explanation of responses
- F1On June 7, 2018, Anadarko Petroleum Corporation ("Anadarko") transferred 8,207,320 common units of the Issuer to settle 9,200,000 tangible equity units issued by Anadarko in June 2015. An immaterial amount of common units of the Issuer is expected to be returned to Anadarko as a result of the settlement of TEUs with cash in lieu of fractional Issuer common units. Following settlement and without regard to TEUs settled in cash as referenced in the preceding sentence, Anadarko directly or indirectly owns 170,380,045 common units, representing a 77.8% limited partner interest in the Issuer, and 100% of the equity interests of Western Gas Equity Holdings, LLC, which holds a 0% noneconomic general partner interest in the Issuer.