Global Infrastructure Investors II, LLC - Oct 8, 2021 Form 4 Insider Report for Hess Midstream LP (HESM)

Role
Director, 10%+ Owner
Signature
Global Infrastructure Investors II, LLC, By: /s/ Mark Levitt, Secretary
Stock symbol
HESM
Transactions as of
Oct 8, 2021
Transactions value $
-$108,312,750
Form type
4
Date filed
10/12/2021, 04:58 PM
Previous filing
Aug 11, 2021
Next filing
Apr 6, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HESM Class A Shares Conversion of derivative security $0 +4.31M $0.00 4.31M Oct 8, 2021 See footnotes F1, F2
transaction HESM Class A Shares Sale -$108M -4.31M -100% $25.12 0 Oct 8, 2021 See footnotes F1, F2
transaction HESM Class B Shares Other $0 -4.31M -3.78% $0.00 110M Oct 8, 2021 See footnote F3, F4
holding HESM Class A Shares 449K Oct 8, 2021 See footnote F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction HESM Opco Class B Units Conversion of derivative security $0 -4.31M -3.78% $0.00 110M Oct 8, 2021 Class A Shares 4.31M See footnotes F1, F2, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents securities held by GIP II Blue Holding, L.P. ("Blue Holding").
F2 Global Infrastructure Investors II, LLC ("Global Investors") is the sole general partner of Global Infrastructure GP II, L.P. ("Global GP"), which is the sole member of GIP Blue Holding GP, LLC, ("Blue Holding GP"), which is the general partner of Blue Holding. As such, each of Global Investors, Global GP and Blue Holding GP may be deemed to beneficially own the securities held of record by Blue Holding. Each such entity disclaims beneficial ownership of such securities except to the extent of their pecuniary interest therein.
F3 Reflects the cancellation for no consideration of Class B Shares in connection with the conversion of the Opco Class B Units into Class A Shares.
F4 Represents securities held by Hess Midstream GP LP. Hess Infrastructure Partners GP LLC is the general partner of Hess Midstream GP LLC, which is the general partner of Hess Midsteam LP. Hess Infrastructure Partners GP LLC is a 50/50 joint venture between Hess Investments North Dakota LLC and Blue Holding. As such, each of the foregoing entities may be deemed to beneficially owned the securities held of record by Hess Midstream GP LP. Each such entity disclaims beneficial ownership of such securities except to the extent of their pecuniary interest therein.
F5 The Opco Class B Units may be converted at any time in to Class A Shares on a one-to-one basis and have no expiration date.