SEC Form 4 · accession 0000899243-17-001835
CNX Midstream Partners LP · CNXM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Joseph M Fink
Officer — SEE REMARKS
Period of report
Jan 20, 2017
Accepted (ET)
Jan 24, 2017 · 4:00 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001610418
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| COMMON UNITS (LIMITED PARTNER INTERESTS)F1 | Jan 20, 2017 | M | 1,895 | — | A | 4,109 | D | |
| COMMON UNITS (LIMITED PARTNER INTERESTS) | Jan 20, 2017 | F | 696 | $24.27 | D | 3,413 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| PHANTOM UNITS (RIGHTS TO COMMON UNITS)F1,F2 | — | Jan 20, 2017 | M | 1,895 | D | — | — | Common Units representing limited partner interests | 1,895 | 13,219 | D |
Explanation of responses
- F1The phantom units expire upon settlement. The phantom units are settled upon vesting in common units (on a one-for-one basis) or, at the discretion of the Issuer, in cash.
- F21,895 phantom units vested on January 20, 2017. The remaining (i) 3,772 phantom units vest on February 17, 2017, (ii) 1,902 phantom units vest on January 20, 2018, (iii) 3,772 phantom units vest on February 17, 2018 and (iv) 3,773 phantom units vest on February 17, 2019.
Remarks
The Reporting Person is Chief Operating Officer of CONE Midstream GP LLC, the general partner of the Issuer (the "General Partner"). The Issuer is managed by the directors and executive officers of the General Partner.