SEC Form 4 · accession 0001127602-19-004068
Noble Midstream Partners LP · NBLX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Terry R. Gerhart
Officer — Chief Executive Officer · Director
Period of report
Feb 1, 2019
Accepted (ET)
Feb 5, 2019 · 4:21 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001647513
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Units Representing Limited Partner InterestsF1 | Feb 1, 2019 | F | 283 | $32.00 | D | 26,519 | D | |
| Common Units Representing Limited Partner InterestsF2 | Feb 1, 2019 | F | 462 | $32.00 | D | 26,057 | D | |
| Common Units Representing Limited Partner InterestsF3 | Feb 1, 2019 | A | 17,187 | $0.00 | A | 43,244 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Reflects units relinquished to Noble Midstream Partners LP by the reporting person out of, and to cover estimated tax withholding for, restricted units granted on February 1, 2017, and vesting on February 1, 2019. The unit price reflected in Table I Column 4 was determined based on "fair market value," defined in the 2016 Plan for this transaction as the closing trading price of Noble Midstream Partners LP common unit on the NYSE on February 1, 2019.
- F2Reflects units relinquished to Noble Midstream Partners LP by the reporting person out of, and to cover estimated tax withholding for, restricted units granted on February 1, 2018, and vesting on February 1, 2019. The unit price reflected in Table I Column 4 was determined based on "fair market value," defined in the 2016 Plan for this transaction as the closing trading price of Noble Midstream Partners LP common unit on the NYSE on February 1, 2019.
- F3Restricted units of Noble Midstream Partners LP subject to vesting 20% after year one, 30% after year two and the remainder after year three, granted under the Noble Midstream Partners LP 2016 Long-Term Incentive Plan.