Key facts
- This page summarizes Michael H. Lou's Form 4 filing for Oasis Midstream Partners LP.
- 1 reported transaction and 1 derivative row are listed below.
- Accepted by SEC: 03 Feb 2022, 19:00.
Michael H. Lou - 01 Feb 2022 Form 4 Insider Report for Oasis Midstream Partners LP
- Reporting relationship
- President, Director
- Issuer ticker
- N/A
- Reported as of
- 01 Feb 2022
- Net transaction value
- -$1,256,166
- SEC form
- 4
- Accepted by SEC
- 03 Feb 2022, 19:00:46 UTC
- Prior SEC filing
- 20 Jan 2022
- Next SEC filing
- 06 Jul 2022
- Source filing
- View source filing
- Reporting owner signature
- /s/ Nickolas J. Lorentzatos, attorney-in-fact
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Michael H. Lou filed Form 4 for Oasis Midstream Partners LP on 03 Feb 2022.
Change
- Previous filing in this sequence was filed on 20 Jan 2022.
- Current net transaction value: -$1,256,166.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
OMP
transaction
Common units representing limited partner interests
Disposed to Issuer
- Transaction value
- $1,256,166
- Shares
- -45,712
- Change %
- -100%
- Price
- $27.48
- Shares after
- 0
- Date
- 01 Feb 2022
- Ownership
- Direct
- Footnotes
- F1
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
OMP
holding
Derivative
Phantom Units
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 4,240
- Date
- 01 Feb 2022
- Ownership
- Direct
- Underlying class
- Common units representing limited partnership interests
- Underlying amount
- Exercise price
- Footnotes
- F2, F3
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Section 16 status
Michael H. Lou is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.
Explanation of responses 3 footnotes
Footnote 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.
Footnote 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.
Footnote 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.