Taylor L. Reid - Feb 1, 2022 Form 4 Insider Report for Oasis Midstream Partners LP (OMP)

Role: Chief Executive Officer, Director
Signature: /s/ Nickolas J. Lorentzatos, attorney-in-fact
Stock symbol: OMP
Transactions as of: Feb 1, 2022
Transactions value $: -$1,118,766
Form type: 4
Date filed: 2/3/2022, 07:00 PM
Previous filing: Jan 20, 2022
Next filing: Jul 6, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	OMP	Common units representing limited partner interests	Disposed to Issuer	-$1.12M	-40.7K	-100%	$27.48	0	Feb 1, 2022	Direct	F1

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
holding	OMP	Phantom Units						6.06K	Feb 1, 2022	Common units representing limited partnership interests			Direct	F2, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Taylor L. Reid is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id	Content
F1	On February 1, 2022, pursuant to that certain Agreement and Plan of Merger, dated as of October 25, 2021 (the "Merger Agreement"), by and among Oasis Midstream Partners LP ("OMP"), OMP GP LLC, Crestwood Equity Partners LP ("Crestwood"), Project Phantom Merger Sub LLC, Project Falcon Merger Sub LLC and Crestwood Equity GP LLC, (i) each common unit representing limited partner interests in OMP (other than the Sponsor Units (as defined in the Merger Agreement)) issued and outstanding immediately prior to the Effective Time (as defined in the Merger Agreement) was converted into the right to receive 0.8700 common units representing limited partner interests in Crestwood ("Crestwood Common Units"). On January 31, 2022 (the last trading day prior to the Effective Time), the closing price of the Crestwood Common Units was $27.48.
F2	An award of Phantom Units that was granted to the Reporting Person by our sponsor, Oasis Petroleum Inc. While the Phantom Units were granted by Oasis Petroleum Inc., each Phantom Unit represents the right to receive, upon vesting, a cash payment equal to the fair market value of one common unit representing a limited partner interest of OMP. Oasis Petroleum Inc. is solely responsible for any payments attributable to the Phantom Units. Since the Phantom Units were granted by Oasis Petroleum Inc., such Phantom Units will remain outstanding following the Effective Time.
F3	The award of Phantom Units was originally granted to the Reporting Person on January 17, 2019 and was scheduled to vest in three equal installments. One-third of the award vested in each of 2020 and 2021. The final one-third of the award, consisting of the number of Phantom Units indicated, is eligible to vest in 2022. Modifications, if any, to be made to the award of Phantom Units following the Effective Time to give effect to the transactions contemplated by the Merger Agreement will be determined by Oasis Petroleum Inc. in its sole discretion.