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EQT Corp — Director's Dealing 2018
Nov 2, 2018
30112_dirs_2018-11-02_6ed683d1-c504-46d1-81d1-0815b0802cb8.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Equitrans Midstream Corp (ETRN)
CIK: 0001747009
Period of Report: 2018-11-01
Reporting Person: EQT Corp (10% Owner)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2018-11-01 | Common Stock | J | 203669360 | — | Disposed | 50599504 | Direct |
Footnotes
F1: On October 26, 2018, EQT Corporation (EQT) reported that it owned 100 shares of common stock, without par value (Common Stock) of Equitrans Midstream Corporation (the Issuer), which at the time was all of the issued and outstanding shares of Common Stock. Pursuant to a plan of separation approved by the board of directors of EQT, EQT will make a pro-rata distribution to its shareholders of record as of the close of business on November 1, 2018, of 80.1% of the outstanding Common Stock (the Distribution). In anticipation of the Distribution, which is expected to occur at 11:59 p.m. Eastern Time on November 12, 2018 (the Distribution Date), on November 1, 2018, all 100 shares of Common Stock held by EQT were recapitalized into 254,268,864 shares of Common Stock, which represents all of the issued and outstanding shares of Common Stock as of November 1, 2018.
F2: On the Distribution Date, EQT will distribute, subject to the conditions set forth in the Separation and Distribution Agreement by and among EQT, ETRN and, solely for purposes of Section 2.13 therein, EQT Production Company, 203,669,360 of these shares of Common Stock to EQT's shareholders of record as of the close of business on November 1, 2018. EQT will retain the remaining 50,599,504 shares of Common Stock.