URE MICHAEL (President & CEO) exercised options at WESTERN MIDSTREAM PARTNERS, LP

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

M · 2 exercises

URE MICHAEL

Filed: 2/15/2022ACC: 0001127602-22-005113

InsiderURE MICHAELCIK 1785307

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IssuerWESTERN MIDSTREAM PARTNERS, LPCIK 1423902

DirectorOfficer· President & CEO

Since Aug 2019

-31.74K

Net shares

Net seller

$865.6K

Total sold

Open market trades

0B · 0S

Total transactions

94K acquired · 125.74K disposed

Non-Derivative Transactions4

Common units representing limited partner interests

Direct

M · Option Exercise

+52.02K

Price / share

—

Trade value

—

% of position

69.4%

2/12/2022

74.91K→126.93K

Common units representing limited partner interests

Direct

F · Tax Withholding

−15.22K

Price / share

$27.27

Trade value

$415.10K

% of position

12.0%

2/12/2022

126.93K→111.70K

Common units representing limited partner interests

Direct

M · Option Exercise

+41.98K

Price / share

—

Trade value

—

% of position

37.6%

2/12/2022

111.70K→153.69K

Common units representing limited partner interests

Direct

F · Tax Withholding

−16.52K

Price / share

$27.27

Trade value

$450.50K

% of position

10.7%

2/12/2022

153.69K→137.17K

Total

Net shares

+62.26K

Net value

-$865.60K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common units representing limited partner interests Direct	2/12/2022	M · Option Exercise	+52.02K	—	—	69.4%	74.91K	126.93K
Common units representing limited partner interests Direct	2/12/2022	F · Tax Withholding	−15.22K	$27.27	$415.10K	12.0%	126.93K	111.70K
Common units representing limited partner interests Direct	2/12/2022	M · Option Exercise	+41.98K	—	—	37.6%	111.70K	153.69K
Common units representing limited partner interests Direct	2/12/2022	F · Tax Withholding	−16.52K	$27.27	$450.50K	10.7%	153.69K	137.17K
Total			+62.26K		-$865.60K

Derivative Transactions2

Phantom Units

Direct

M · Option Exercise

Converts to

Common units representing limited partner interests

52.02K shares

−52.02K

Strike price

Held after

52.02K

Exercisable

—

2/12/2022

Phantom Units

Direct

M · Option Exercise

Converts to

Common units representing limited partner interests

41.98K shares

−41.98K

Strike price

Held after

83.96K

Exercisable

—

2/12/2022

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable	Held After
Phantom Units Direct	Common units representing limited partner interests52.02K shares	2/12/2022	M · Option Exercise	−52.02K		—	52.02K
Phantom Units Direct	Common units representing limited partner interests41.98K shares	2/12/2022	M · Option Exercise	−41.98K		—	83.96K

Non-Derivative Holdings (Post-Transaction)0

No non-derivative holdings reported

Derivative Holdings (Post-Transaction)4

2021 Performance Unit - ROA

Direct

Underlying security

Common units representing limited partner interests

Underlying shares

110.20K

Shares owned

110.20K

Exercise price

Expiration

—

Exercise window

—

2020 Performance Unit - TUR

Direct

Underlying security

Common units representing limited partner interests

Underlying shares

46.82K

Shares owned

46.82K

Exercise price

Expiration

—

Exercise window

—

2020 Performance Unit - ROA

Direct

Underlying security

Common units representing limited partner interests

Underlying shares

46.82K

Shares owned

46.82K

Exercise price

Expiration

—

Exercise window

—

2021 Performance Unit - TUR

Direct

Underlying security

Common units representing limited partner interests

Underlying shares

111.20K

Shares owned

111.20K

Exercise price

Expiration

—

Exercise window

—

Total

Underlying

315.04K

Owned

315.04K

Security	Underlying	Exercise Price	Exercise Window	Expiration	Underlying Shares	Shares Owned
2021 Performance Unit - ROA Direct	Common units representing limited partner interests	0	—	—	110.20K	110.20K
2020 Performance Unit - TUR Direct	Common units representing limited partner interests	0	—	—	46.82K	46.82K
2020 Performance Unit - ROA Direct	Common units representing limited partner interests	0	—	—	46.82K	46.82K
2021 Performance Unit - TUR Direct	Common units representing limited partner interests	0	—	—	111.20K	111.20K
Total					315.04K	315.04K