SEC Form 4 · accession 0001127602-17-020029
Western Midstream Partners, LP · WES
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas R Hix
Director
Period of report
May 31, 2017
Accepted (ET)
Jun 1, 2017 · 4:44 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 interests | holding | — | — | — | 9,172 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom UnitsF1 | — | May 31, 2017 | A | 2,305 | A | May 31, 2018 | May 31, 2018 | Common Units representing limited partner interests | 2,305 | 2,305 | 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.