1. Title of Derivative Security (Instr. 4)
|
2. Date Exercisable and Expiration Date (Month/Day/Year)
|
3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)
|
4. Conversion or Exercise Price of Derivative Security
|
5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5)
|
6. Nature of Indirect Beneficial Ownership (Instr. 5)
|
|
Date Exercisable
|
Expiration Date
|
Title
|
Amount or Number of Shares
|
| 2021 Phantom Units |
(1) |
(1) |
Common Units representing limited partner interests |
7,142 |
$ (2) |
D |
|
| 2022 Phantom Units |
(1) |
(1) |
Common Units representing limited partner interests |
22,945 |
$ (2) |
D |
|
| 2023 Phantom Units |
(1) |
02/12/2026 |
Common Units representing limited partner interests |
32,593 |
$ (2) |
D |
|
| 2023 Performance Unit - TUR |
02/12/2026 |
02/12/2026 |
Common Units representing limited partner interests |
16,297 |
$ (3) |
D |
|
| 2023 Performance Unit - ROA |
02/12/2026 |
02/12/2026 |
Common Units representing limited partner interests |
16,297 |
$ (3) |
D |
|
|
*
|
If the form is filed by more than one reporting person, see Instruction 5(b)(v).
|
|
**
|
Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
|
|
(1)
|
These Phantom Units vest ratably over a three-year period on February 12th of each year, and will pay distribution equivalent rights in cash on a current basis.
|
|
(2)
|
Each Phantom Unit is the economic equivalent of one WES Common Unit representing limited partnership interests, and upon vesting, will entitle the holder to receive a common unit or, at the discretion of the Board of Directors of the General Partner, cash equal to the Fair Market Value of a Common Unit.
|
|
(3)
|
Each performance-based unit represents the right to receive, following vesting, between 0% and 200% of one WES Common Unit based upon the achievement of pre-established performance metrics over a 3-year performance period.
|