SEC Form 4 · accession 0001127602-16-067917
Western Midstream Partners, 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 20, 2016
Accepted (ET)
Nov 21, 2016 · 5:14 pm EST
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 interests | Nov 20, 2016 | M | 6,081 | $0.00 | A | 131,748 | D | |
| Common Units representing limited partner interests | Nov 20, 2016 | F | 1,875 | $43.28 | D | 129,873 | D | |
| Common Units representing limited partner interests | holding | — | — | — | 501 | I | By Child | |
| Common Units representing limited partner interests | holding | — | — | — | 0 | I | By Partnership | |
| Common Units representing limited partner interests | holding | — | — | — | 31,380 | 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 20, 2016 | M | 6,081 | D | — | — | Common Units representing limited partner interests | 6,081 | 0 | D |
Explanation of responses
- F1Each 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.
- F2The phantom units vest in three annual installments beginning one year after the date of grant.