0000899243-22-004720.txt : 20220203
0000899243-22-004720.hdr.sgml : 20220203
20220203200036
ACCESSION NUMBER: 0000899243-22-004720
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20220201
FILED AS OF DATE: 20220203
DATE AS OF CHANGE: 20220203
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Lorentzatos Nickolas J
CENTRAL INDEX KEY: 0001502361
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-38212
FILM NUMBER: 22590439
MAIL ADDRESS:
STREET 1: 1001 FANNIN STREET
STREET 2: SUITE 1500
CITY: HOUSTON
STATE: TX
ZIP: 77002
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Oasis Midstream Partners LP
CENTRAL INDEX KEY: 0001652133
STANDARD INDUSTRIAL CLASSIFICATION: DRILLING OIL & GAS WELLS [1381]
IRS NUMBER: 471208855
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 1001 FANNIN ST, STE 1500
CITY: HOUSTON
STATE: TX
ZIP: 77002
BUSINESS PHONE: 281-404-9500
MAIL ADDRESS:
STREET 1: 1001 FANNIN ST, STE 1500
CITY: HOUSTON
STATE: TX
ZIP: 77002
FORMER COMPANY:
FORMER CONFORMED NAME: Waha Energy Partners LP
DATE OF NAME CHANGE: 20150902
FORMER COMPANY:
FORMER CONFORMED NAME: Wahah Midstream Services LP
DATE OF NAME CHANGE: 20150901
4
1
doc4.xml
FORM 4 SUBMISSION
X0306
4
2022-02-01
1
0001652133
Oasis Midstream Partners LP
OMP
0001502361
Lorentzatos Nickolas J
1001 FANNIN STREET, SUITE 1500
HOUSTON
TX
77002
1
1
0
0
EVP, GC and Corporate Sec
Common units representing limited partner interests
2022-02-01
4
D
0
26612
27.48
D
0
D
Phantom Units
Common units representing limited partnership interests
3004
D
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.
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.
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.
/s/ Nickolas J. Lorentzatos
2022-02-03