Hess Corp - Aug 10, 2021 Form 4 Insider Report for Hess Midstream LP (HESM)

Role
Director, 10%+ Owner
Signature
Hess Corporation By: John P. Rielly, Executive Vice President and Chief Financial Officer
Stock symbol
HESM
Transactions as of
Aug 10, 2021
Transactions value $
$0
Form type
4
Date filed
8/10/2021, 07:08 PM
Next filing
Oct 12, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HESM Class B Shares Other $0 -15.6M -12.04% $0.00 114M Aug 10, 2021 See footnotes F1, F2, F3
holding HESM Class A Shares 449K Aug 10, 2021 See footnotes F2, F3

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 Disposed to Issuer $0 -15.6M -12.04% $0.00 114M Aug 10, 2021 Class A Shares 15.6M See footnotes F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects the cancellation for no consideration of Class B Shares in connection with Hess Midstream Operations LPs repurchase of an aggregate 31,250,000 Opco Class B Units from Hess Investments North Dakota LLC (HINDL) and GIP II Blue Holding Partnership, L.P.
F2 Represents securities held by Hess Midstream GP LP. HINDL is an indirect, wholly owned subsidiary of Hess Corporation, a publicly traded company listed on the New York Stock Exchange. As a result, Hess Corporation may be deemed to beneficially own the securities held of record by HINDL and Hess Midstream GP LP. Hess Corporation disclaims beneficial ownership of such securities except to the extent of its pecuniary interest therein.
F3 Hess Infrastructure Partners GP LLC is the sole member 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 HINDL and GIP II Blue Holding Partnership, L.P. As such, each of the foregoing entities may be deemed to beneficially own 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.
F4 The Opco Class B Units may be converted at any time into Class A Shares on a one-to-one basis and have no expiration date.
F5 Represents securities held by HINDL.