SEC Form 4 · accession 0001209191-19-018895
Hess Midstream Partners LP · HESM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jonathan C. Stein
Officer — Chief Financial Officer
Period of report
Mar 8, 2019
Accepted (ET)
Mar 12, 2019 · 5:28 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001619739
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Units | Mar 8, 2019 | M | 4,063 | $0.00 | A | 13,719 | D | |
| Common Units | Mar 11, 2019 | S | 1,381 | $22.63 | D | 12,338 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2018 Phantom UnitsF3 | $0.00 | Mar 8, 2019 | M | 4,063 | D | — | — | Common Units | 4,063 | 8,126 | D |
| 2019 Phantom UnitsF4,F5 | — | Mar 8, 2019 | A | 10,984 | A | — | — | Common Units | 10,984 | 10,984 | D |
Explanation of responses
- F1Common units acquired upon settlement of phantom units granted under the Partnership's 2017 Long Term Incentive Plan.
- F2Shares sold solely to satisfy tax withholding upon settlement of phantom units.
- F3The remaining 2018 phantom units vest ratably on March 8, 2020 and March 8, 2021 and have no expiration date.
- F4Each phantom unit is the economic equivalent of one Common Unit.
- F5The phantom units will vest in three equal annual installments beginning on March 8, 2020 and have no expiration date.