SEC Form 4 · accession 0001104659-18-068562
Equitrans Midstream Corp · ETRN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kirk R Oliver
Officer — Sr VP & CFO
Period of report
Nov 12, 2018
Accepted (ET)
Nov 14, 2018 · 7:56 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001747009
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F3 | — | Nov 12, 2018 | A | 6,968 | A | — | — | Common Stock | 6,968 | 6,968 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive in cash the economic equivalent of one share of ETRN common stock.
- F2In connection with the spin-off of Equitrans Midstream Corporation (ETRN) from EQT Corporation (EQT) on November 12, 2018, for each EQT restricted stock unit held by the Reporting Person immediately prior to the spin-off, the Reporting Person received 0.8 ETRN restricted stock units pursuant to the Employee Matters Agreement between ETRN and EQT.
- F3Restricted stock units vest 100% on September 10, 2021, which is the third anniversary of the original grant date of the corresponding award from EQT.