SEC Form 4 · accession 0001209191-16-100559
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
Feb 17, 2016
Accepted (ET)
Feb 19, 2016 · 4:43 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001610418
Table I — non-derivative securities
No Table I lines on this filing.
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)F3,F1,F2 | — | Feb 17, 2016 | A | 10,835 | A | — | — | COMMON UNITS (LIMITED PARTNER INTERSTS) | 10,835 | 14,470 | 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.
- F2The phantom units vest: (i) 3,612 phantom units on February 17, 2017, (ii) 3,612 phantom units on February 17, 2018 and (iii) the remaining 3,611 phantom units on February 17, 2019.
- F3The total outstanding phantom units have been aggregated, but may be subject to different vesting dates.
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.