RUPE RYAN K (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

RUPE RYAN K

Filed: 2/27/2019ACC: 0001513965-19-000012

InsiderRUPE RYAN KCIK 1601884

→

IssuerTHIRD COAST MIDSTREAM, LLCCIK 1513965

Officer· Vice President

Since Feb 2019

-3.39K

Net shares

Net seller

$13.5K

Total sold

Open market trades

0B · 0S

Total transactions

11.44K acquired · 14.83K disposed

Non-Derivative Transactions4

Common Units (limited partner interests)

Direct

M · Option Exercise

+2.56K

Price / share

—

Trade value

—

% of position

9.8%

2/25/2019

26.15K→28.71K

Common Units (limited partner interests)

Direct

F · Tax Withholding

−761.00

Price / share

$3.94

Trade value

$3K

% of position

2.7%

2/25/2019

28.71K→27.95K

Common Units (limited partner interests)

Direct

M · Option Exercise

+8.87K

Price / share

—

Trade value

—

% of position

31.7%

2/26/2019

27.95K→36.82K

Common Units (limited partner interests)

Direct

F · Tax Withholding

−2.63K

Price / share

$3.99

Trade value

$10.50K

% of position

7.1%

2/26/2019

36.82K→34.19K

Total

Net shares

+8.05K

Net value

-$13.50K

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	+2.56K	—	—	9.8%	26.15K	28.71K
Common Units (limited partner interests) Direct	2/25/2019	F · Tax Withholding	−761.00	$3.94	$3K	2.7%	28.71K	27.95K
Common Units (limited partner interests) Direct	2/26/2019	M · Option Exercise	+8.87K	—	—	31.7%	27.95K	36.82K
Common Units (limited partner interests) Direct	2/26/2019	F · Tax Withholding	−2.63K	$3.99	$10.50K	7.1%	36.82K	34.19K
Total			+8.05K		-$13.50K

Derivative Transactions2

Phantom units

Direct

M · Option Exercise

Converts to

Common Units (limited partner interests)

2.56K shares

−2.56K

Strike price

Held after

0.00

Exercisable

—

2/25/2019

Phantom units

Direct

M · Option Exercise

Converts to

Common Units (limited partner interests)

8.87K shares

−8.87K

Strike price

Held after

8.87K

Exercisable

—

2/26/2019

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable	Held After
Phantom units Direct	Common Units (limited partner interests)2.56K shares	2/25/2019	M · Option Exercise	−2.56K		—	0.00
Phantom units Direct	Common Units (limited partner interests)8.87K shares	2/26/2019	M · Option Exercise	−8.87K		—	8.87K

Non-Derivative Holdings (Post-Transaction)0

No non-derivative holdings reported

Derivative Holdings (Post-Transaction)4

Phantom units

Direct

Underlying security

Common Units (limited partner interests)

Underlying shares

30K

Shares owned

30K

Exercise price

Expiration

—

Exercise window

—

Phantom units

Direct

Underlying security

Common Units (limited partner interests)

Underlying shares

10.73K

Shares owned

10.73K

Exercise price

Expiration

—

Exercise window

—

Phantom units

Direct

Underlying security

Common Units (limited partner interests)

Underlying shares

23.15K

Shares owned

23.15K

Exercise price

Expiration

—

Exercise window

—

Phantom units

Direct

Underlying security

Common Units (limited partner interests)

Underlying shares

55K

Shares owned

55K

Exercise price

Expiration

—

Exercise window

—

Total

Underlying

118.88K

Owned

118.88K

Security	Underlying	Exercise Window	Expiration	Underlying Shares	Shares Owned
Phantom units Direct	Common Units (limited partner interests)	—	—	30K	30K
Phantom units Direct	Common Units (limited partner interests)	—	—	10.73K	10.73K
Phantom units Direct	Common Units (limited partner interests)	—	—	23.15K	23.15K
Phantom units Direct	Common Units (limited partner interests)	—	—	55K	55K
Total				118.88K	118.88K