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Western Midstream Partners, LP — Director's Dealing 2022
Feb 15, 2022
30411_dirs_2022-02-15_05341fb9-4c42-498f-a0cc-b4b32cab491e.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: Ure Michael (Director, President & CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2022-02-12 | Common units representing limited partner interests | M | 52018 | — | Acquired | 126926 | Direct |
| 2022-02-12 | Common units representing limited partner interests | F | 15222 | $27.27 | Disposed | 111704 | Direct |
| 2022-02-12 | Common units representing limited partner interests | M | 41982 | — | Acquired | 153686 | Direct |
| 2022-02-12 | Common units representing limited partner interests | F | 16520 | $27.27 | Disposed | 137166 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2022-02-12 | Phantom Units | $ | M | 52018 | Disposed | Common units representing limited partner interests (52018) | Direct | |
| 2022-02-12 | Phantom Units | $ | M | 41982 | Disposed | Common units representing limited partner interests (41982) | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| 2020 Performance Unit - ROA | $0 | 2023-02-12 | Common units representing limited partner interests (46817) | 46817 | Direct |
| 2020 Performance Unit - TUR | $0 | 2023-02-12 | Common units representing limited partner interests (46817) | 46817 | Direct |
| 2021 Performance Unit - ROA | $0 | 2024-02-18 | Common units representing limited partner interests (110201) | 110201 | Direct |
| 2021 Performance Unit - TUR | $0 | 2024-02-18 | Common units representing limited partner interests (111201) | 111201 | 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.