DOREY LOUIS J (Senior Vice President) exercised options at THIRD COAST MIDSTREAM, LLC

Option exercise — a mechanical event triggered by vesting or expiry. Not a discretionary conviction trade.

M · 2 exercises

DOREY LOUIS J

Filed: 2/27/2019ACC: 0001513965-19-000014

InsiderDOREY LOUIS JCIK 1599183

→

IssuerTHIRD COAST MIDSTREAM, LLCCIK 1513965

Officer· Senior Vice President

Since Feb 2019

0.00

Net shares

Net seller

$62.1K

Total acquired

Open market trades

0B · 0S

Total transactions

15.60K acquired · 15.60K disposed

Non-Derivative Transactions2

Common Units (limited partner interests)

Direct

M · Option Exercise

+3.50K

Price / share

$3.94

Trade value

$13.78K

% of position

8.4%

2/25/2019

41.70K→45.20K

Common Units (limited partner interests)

Direct

M · Option Exercise

+12.10K

Price / share

$3.99

Trade value

$48.29K

% of position

26.8%

2/26/2019

45.20K→57.31K

Total

Net shares

+15.60K

Net value

$62.08K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Units (limited partner interests) Direct	2/25/2019	M · Option Exercise	+3.50K	$3.94	$13.78K	8.4%	41.70K	45.20K
Common Units (limited partner interests) Direct	2/26/2019	M · Option Exercise	+12.10K	$3.99	$48.29K	26.8%	45.20K	57.31K
Total			+15.60K		$62.08K

Derivative Transactions2

Phantom units

Direct

M · Option Exercise

Converts to

Common Units (limited partner interests)

3.50K shares

−3.50K

Strike price

Held after

0.00

Exercisable

—

2/25/2019

Phantom units

Direct

M · Option Exercise

Converts to

Common Units (limited partner interests)

12.10K shares

−12.10K

Strike price

Held after

0.00

Exercisable

—

2/26/2019

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable	Held After
Phantom units Direct	Common Units (limited partner interests)3.50K shares	2/25/2019	M · Option Exercise	−3.50K		—	0.00
Phantom units Direct	Common Units (limited partner interests)12.10K shares	2/26/2019	M · Option Exercise	−12.10K		—	0.00

Non-Derivative Holdings (Post-Transaction)0

No non-derivative holdings reported

Derivative Holdings (Post-Transaction)3

Phantom units

Direct

Underlying security

Common Units (limited partner interests)

Underlying shares

25.46K

Shares owned

25.46K

Exercise price

Expiration

—

Exercise window

—

Phantom units

Direct

Underlying security

Common Units (limited partner interests)

Underlying shares

60K

Shares owned

60K

Exercise price

Expiration

—

Exercise window

—

Phantom units

Direct

Underlying security

Common Units (limited partner interests)

Underlying shares

13.20K

Shares owned

13.20K

Exercise price

Expiration

—

Exercise window

—

Total

Underlying

98.66K

Owned

98.66K

Security	Underlying	Exercise Window	Expiration	Underlying Shares	Shares Owned
Phantom units Direct	Common Units (limited partner interests)	—	—	25.46K	25.46K
Phantom units Direct	Common Units (limited partner interests)	—	—	60K	60K
Phantom units Direct	Common Units (limited partner interests)	—	—	13.20K	13.20K
Total				98.66K	98.66K