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CNX Resources Corp — Director's Dealing 2016
Nov 18, 2016
31089_dirs_2016-11-18_70eaafb8-86c3-4846-8529-57cc79d5c2fc.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: CONE Midstream Partners LP (CNNX)
CIK: 0001610418
Period of Report: 2016-11-16
Reporting Person: CNX GAS CO LLC (Director, 10% Owner)
Reporting Person: CONSOL Energy Inc (Director, 10% Owner)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2016-11-16 | COMMON UNITS (LIMITED PARTNER INTERESTS) | A | 2591577 | $20.42 | Acquired | 7110637 | Direct |
Footnotes
F1: Pursuant to a Contribution Agreement among the Issuer, CONE Gathering LLC ("Cone Gathering"), CONE Midstream GP LLC, the general partner of the Issuer ("General Partner"), and other parties thereto, CNX Gas Company LLC, a Virginia limited liability company ("CNX") and a 50% owner of CONE Gathering, acquired 2,591,577 Common Units of the Issuer as partial consideration for the Issuer acquiring the remaining 25% limited partner interest in CONE Midstream DevCo I LP, from CONE Gathering. The price per unit was $20.42, the volume weighted average trading price of the Issuer's Common Units over the trailing 20-day trading period ending on November 11, 2016.
F2: This Form 4 is jointly filed by (1) CNX and (2) CONSOL Energy Inc., a Delaware corporation ("CONSOL") and the indirect parent of CNX. CONSOL may be deemed to indirectly own all of the securities held by CNX. CNX owns a 50% membership interest in CONE Gathering, which owns all of the membership interests in the General Partner. The General Partner owns a 2% general partner interest in the Issuer and the incentive distribution rights in the Issuer.