SEC Form 4 · accession 0000899243-18-004821
CNX Midstream Partners LP · CNXM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Brian Robert Rich
Officer — CHIEF ACCOUNTING OFFICER
Period of report
Feb 16, 2018
Accepted (ET)
Feb 21, 2018 · 5:02 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 | Feb 16, 2018 | M | 510 | — | A | 661 | D | |
| COMMON UNITS (LIMITED PARTNER INTERESTS) | Feb 16, 2018 | F | 172 | $19.10 | D | 489 | D | |
| COMMON UNITS (LIMITED PARTNER INTERESTS)F1 | Feb 16, 2018 | M | 1,095 | — | A | 1,584 | D | |
| COMMON UNITS (LIMITED PARTNER INTERESTS) | Feb 17, 2018 | F | 370 | $19.10 | D | 1,214 | 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 | — | Feb 16, 2018 | M | 510 | D | — | — | COMMON UNITS | 510 | 5,045 | D |
| PHANTOM UNITS (RIGHTS TO COMMON UNITS)F1,F2 | — | Feb 19, 2018 | M | 1,095 | D | — | — | COMMON UNITS | 1,095 | 3,950 | D |
Explanation of responses
- F1Each phantom unit is the economic equivalent of one common unit.
- F2The phantom unit awards vest in three equal annual installments, with the remaining (i) 2,221 phantom units vesting in 2019, (ii) 1,122 phantom units vesting in 2020, and (iii) 607 phantom units vesting in 2021. The phantom units become payable, in cash or in common stock, at the Issuer's election, upon vesting.