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Western Midstream Partners, LP — Director's Dealing 2022
Feb 15, 2022
30411_dirs_2022-02-15_5aa2a9e3-12ac-4abb-8d43-1c03973e5441.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Western Midstream Partners, LP (WES)
CIK: 0001423902
Period of Report: 2022-02-12
Reporting Person: Bourne Robert W. (SVP & Chief Commercial Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2022-02-12 | Common units representing limited partner interests | M | 12484 | — | Acquired | 28709 | Direct |
| 2022-02-12 | Common units representing limited partner interests | F | 3202 | $27.27 | Disposed | 25507 | Direct |
| 2022-02-12 | Common units representing limited partner interests | M | 7346 | — | Acquired | 32853 | Direct |
| 2022-02-12 | Common units representing limited partner interests | F | 1789 | $27.27 | Disposed | 31064 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2022-02-12 | Phantom Units | $ | M | 12484 | Disposed | Common units representing limited partner interests (12484) | Direct | |
| 2022-02-12 | Phantom Units | $ | M | 7346 | Disposed | Common units representing limited partner interests (7346) | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| 2020 Performance Unit - ROA | $0 | 2023-02-12 | Common units representing limited partner interests (10924) | 10924 | Direct |
| 2020 Performance Unit - TUR | $0 | 2023-02-12 | Common units representing limited partner interests (10924) | 10924 | Direct |
| 2021 Performance Unit - ROA | $0 | 2024-02-18 | Common units representing limited partner interests (22040) | 22040 | Direct |
| 2021 Performance Unit - TUR | $0 | 2024-02-18 | Common units representing limited partner interests (22040) | 22040 | Direct |
Footnotes
F1: Each Phantom Unit is the economic equivalent of one WES Common Unit representing limited partnership interests, and upon vesting, will entitle the holder to receive a common unit or, at the discretion of the Board of Directors of the General Partner, cash equal to the Fair Market Value of a Common Unit.
F2: These Phantom Units vest ratably over a three-year period on February 12th of each year, and will pay distribution equivalent rights in the form of WES Common Units on a current basis.
F3: These Phantom Units vest ratably over a three-year period on February 12th of each year, and will pay distribution equivalent rights in cash on a current basis.
F4: Each performance-based unit represents the right to receive, following vesting, between 0% and 200% of one WES Common Unit based upon the achievement of pre-established performance metrics over a 3-year performance period.