SEC Form 4 · accession 0001104659-18-068546
Equitrans Midstream Corp · ETRN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kenneth Michael Burke
Director
Period of report
Nov 12, 2018
Accepted (ET)
Nov 14, 2018 · 7:32 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001747009
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Nov 12, 2018 | J | 4,000 | $0.00 | A | 4,000 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Deferred Stock UnitsF2,F4 | — | Nov 12, 2018 | A | 15,210 | A | — | — | Common Stock | 15,210 | 15,210 | D |
Explanation of responses
- F1In connection with the spin-off of Equitrans Midstream Corporation (ETRN) from EQT Corporation (EQT) on November 12, 2018, for each share of EQT common stock held by the Reporting Person immediately prior to the spin-off, the Reporting Person received 0.8 shares of ETRN common stock in whole shares, with partial shares paid in cash, in an exempt transaction pursuant to Rule 16a-9 of the Securities Exchange Act of 1934, as amended.
- F2Each deferred stock unit is the economic equivalent of one share of common stock.
- F3In connection with the spin-off of ETRN from EQT, for each EQT deferred stock unit held by the Reporting Person immediately prior to the spin-off, the Reporting Person received 0.8 ETRN deferred stock units pursuant to the Employee Matters Agreement between ETRN and EQT. In the Section 16 reports previously filed by the Reporting Person with respect to EQT securities, these awards were referred to as "deferred compensation - phantom units."
- F4Award represents compensation that is deferred until termination of service as a director.