SEC Form 4 · accession 0001209191-16-151082
CNX Midstream Partners LP · CNXM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Period of report
Nov 16, 2016
Accepted (ET)
Nov 18, 2016 · 12:33 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,F2 | Nov 16, 2016 | A | 2,591,577 | $20.42 | A | 7,110,637 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Pursuant to a Contribution Agreement among the Issuer, CONE Gathering LLC ("Cone Gathering"), CONE Midstream GP LLC, the general partner of the Issuer ("General Partner"), and other parties thereto, CNX Gas Company LLC, a Virginia limited liability company ("CNX") and a 50% owner of CONE Gathering, acquired 2,591,577 Common Units of the Issuer as partial consideration for the Issuer acquiring the remaining 25% limited partner interest in CONE Midstream DevCo I LP, from CONE Gathering. The price per unit was $20.42, the volume weighted average trading price of the Issuer's Common Units over the trailing 20-day trading period ending on November 11, 2016.
- F2This Form 4 is jointly filed by (1) CNX and (2) CONSOL Energy Inc., a Delaware corporation ("CONSOL") and the indirect parent of CNX. CONSOL may be deemed to indirectly own all of the securities held by CNX. CNX owns a 50% membership interest in CONE Gathering, which owns all of the membership interests in the General Partner. The General Partner owns a 2% general partner interest in the Issuer and the incentive distribution rights in the Issuer.