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 · 3 exercises

URE MICHAEL

Filed: 2/14/2023ACC: 0001423902-23-000006

InsiderURE MICHAELCIK 1785307

→

IssuerWESTERN MIDSTREAM PARTNERS, LPCIK 1423902

DirectorOfficer· President & CEO

Since Aug 2019

+162.17K

Net shares

Net buyer

$1.37M

Total sold

Open market trades

0B · 0S

Total transactions

333.43K acquired · 171.25K disposed

Non-Derivative Transactions6

Common Units representing limited partner interests

Direct

M · Option Exercise

+52.02K

Price / share

—

Trade value

—

% of position

41.0%

2/12/2023

126.98K→179K

Common Units representing limited partner interests

Direct

F · Tax Withholding

−20.46K

Price / share

$28.26

Trade value

$578.23K

% of position

11.4%

2/12/2023

179K→158.54K

Common Units representing limited partner interests

Direct

M · Option Exercise

+41.98K

Price / share

—

Trade value

—

% of position

26.5%

2/12/2023

158.54K→200.52K

Common Units representing limited partner interests

Direct

F · Tax Withholding

−16.52K

Price / share

$28.26

Trade value

$466.86K

% of position

8.2%

2/12/2023

200.52K→184K

Common Units representing limited partner interests

Direct

M · Option Exercise

+28.90K

Price / share

—

Trade value

—

% of position

15.7%

2/12/2023

184K→212.90K

Common Units representing limited partner interests

Direct

F · Tax Withholding

−11.37K

Price / share

$28.26

Trade value

$321.40K

% of position

5.3%

2/12/2023

212.90K→201.53K

Total

Net shares

+74.55K

Net value

-$1.37M

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Units representing limited partner interests Direct	2/12/2023	M · Option Exercise	+52.02K	—	—	41.0%	126.98K	179K
Common Units representing limited partner interests Direct	2/12/2023	F · Tax Withholding	−20.46K	$28.26	$578.23K	11.4%	179K	158.54K
Common Units representing limited partner interests Direct	2/12/2023	M · Option Exercise	+41.98K	—	—	26.5%	158.54K	200.52K
Common Units representing limited partner interests Direct	2/12/2023	F · Tax Withholding	−16.52K	$28.26	$466.86K	8.2%	200.52K	184K
Common Units representing limited partner interests Direct	2/12/2023	M · Option Exercise	+28.90K	—	—	15.7%	184K	212.90K
Common Units representing limited partner interests Direct	2/12/2023	F · Tax Withholding	−11.37K	$28.26	$321.40K	5.3%	212.90K	201.53K
Total			+74.55K		-$1.37M

Derivative Transactions6

2020 Phantom Units

Direct

M · Option Exercise

Converts to

Common Units representing limited partner interests

52.02K shares

−52.02K

Strike price

Held after

0.00

Exercisable

—

2/12/2023

2021 Phantom Units

Direct

M · Option Exercise

Converts to

Common Units representing limited partner interests

41.98K shares

−41.98K

Strike price

Held after

41.98K

Exercisable

—

2/12/2023

2022 Phantom Units

Direct

M · Option Exercise

Converts to

Common Units representing limited partner interests

28.90K shares

−28.90K

Strike price

Held after

57.80K

Exercisable

—

2/12/2023

2023 Phantom Units

Direct

A · Award

Converts to

Common Units representing limited partner interests

105.26K shares

+105.26K

Strike price

Held after

105.26K

Exercisable

—

2/14/2023

2023 Performance Unit - TUR

Direct

A · Award

Converts to

Common Units representing limited partner interests

52.63K shares

+52.63K

Strike price

Held after

52.63K

Exercisable

—

2/14/2023

2023 Performance Unit - ROA

Direct

A · Award

Converts to

Common Units representing limited partner interests

52.63K shares

+52.63K

Strike price

Held after

52.63K

Exercisable

—

2/14/2023

Security	Converts To	Date	Type	Shares	Exercisable	Held After
2020 Phantom Units Direct	Common Units representing limited partner interests52.02K shares	2/12/2023	M · Option Exercise	−52.02K	—	0.00
2021 Phantom Units Direct	Common Units representing limited partner interests41.98K shares	2/12/2023	M · Option Exercise	−41.98K	—	41.98K
2022 Phantom Units Direct	Common Units representing limited partner interests28.90K shares	2/12/2023	M · Option Exercise	−28.90K	—	57.80K
2023 Phantom Units Direct	Common Units representing limited partner interests105.26K shares	2/14/2023	A · Award	+105.26K	—	105.26K
2023 Performance Unit - TUR Direct	Common Units representing limited partner interests52.63K shares	2/14/2023	A · Award	+52.63K	—	52.63K
2023 Performance Unit - ROA Direct	Common Units representing limited partner interests52.63K shares	2/14/2023	A · Award	+52.63K	—	52.63K

Non-Derivative Holdings (Post-Transaction)0

No non-derivative holdings reported

Derivative Holdings (Post-Transaction)6

2022 Performance Unit - TUR

Direct

Underlying security

Common Units representing limited partner interests

Underlying shares

43.35K

Shares owned

43.35K

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

—

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

—

2022 Performance Unit - ROA

Direct

Underlying security

Common Units representing limited partner interests

Underlying shares

43.35K

Shares owned

43.35K

Exercise price

Expiration

—

Exercise window

—

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

—

2021 Performance Unit - TUR

Direct

Underlying security

Common Units representing limited partner interests

Underlying shares

110.20K

Shares owned

110.20K

Exercise price

Expiration

—

Exercise window

—

Total

Underlying

400.74K

Owned

400.74K

Security	Underlying	Exercise Window	Expiration	Underlying Shares	Shares Owned
2022 Performance Unit - TUR Direct	Common Units representing limited partner interests	—	—	43.35K	43.35K
2020 Performance Unit - ROA Direct	Common Units representing limited partner interests	—	—	46.82K	46.82K
2020 Performance Unit - TUR Direct	Common Units representing limited partner interests	—	—	46.82K	46.82K
2022 Performance Unit - ROA Direct	Common Units representing limited partner interests	—	—	43.35K	43.35K
2021 Performance Unit - ROA Direct	Common Units representing limited partner interests	—	—	110.20K	110.20K
2021 Performance Unit - TUR Direct	Common Units representing limited partner interests	—	—	110.20K	110.20K
Total				400.74K	400.74K