SEC Form 4 · accession 0001104659-18-068552
Equitrans Midstream Corp · ETRN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Norman J Szydlowski
Director
Period of report
Nov 12, 2018
Accepted (ET)
Nov 14, 2018 · 7:44 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 StockF2,F3 | Nov 12, 2018 | A | 1,171 | $0.00 | A | 1,171 | I | See footnote |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Deferred Stock UnitsF4,F5 | — | Nov 12, 2018 | A | 3,053 | A | — | — | Common Stock | 3,053 | 3,053 | 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 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.
- F2Represents deferred stock units that will be settled in common stock in connection with the Reporting Person's deferral of director fees.
- F3Deferred stock units held through the directors' deferred compensation plan.
- F4Each deferred stock unit is the economic equivalent of one share of common stock. 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."
- F5Award represents compensation that is deferred until termination of service as a director.