Sec Form 4 Filing - Bourne Robert W. @ Western Midstream Partners, LP - 2022-02-12

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Bourne Robert W.
2. Issuer Name and Ticker or Trading Symbol
Western Midstream Partners, LP [ WES]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
SVP & Chief Commercial Officer
(Last) (First) (Middle)
9950 WOODLOCH FOREST DR.
3. Date of Earliest Transaction (MM/DD/YY)
02/12/2022
(Street)
THE WOODLANDS, TX77380
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common units representing limited partner interests 02/12/2022 M 12,484 A $ 0 28,709 D
Common units representing limited partner interests 02/12/2022 F 3,202 D $ 27.27 25,507 D
Common units representing limited partner interests 02/12/2022 M 7,346 A $ 0 32,853 D
Common units representing limited partner interests 02/12/2022 F 1,789 D $ 27.27 31,064 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Phantom Units ( 1 ) 02/12/2022 M 12,484 ( 2 ) ( 2 ) Common units representing limited partner interests 12,484 $ 0 12,485 D
Phantom Units ( 1 ) 02/12/2022 M 7,346 ( 3 ) ( 3 ) Common units representing limited partner interests 7,346 $ 0 14,694 D
2020 Performance Unit - ROA( 4 ) $ 0 02/12/2023 02/12/2023 Common units representing limited partner interests 10,924 10,924 D
2020 Performance Unit - TUR( 4 ) $ 0 02/12/2023 02/12/2023 Common units representing limited partner interests 10,924 10,924 D
2021 Performance Unit - ROA( 4 ) $ 0 02/18/2024 02/18/2024 Common units representing limited partner interests 22,040 22,040 D
2021 Performance Unit - TUR( 4 ) $ 0 02/18/2024 02/18/2024 Common units representing limited partner interests 22,040 22,040 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Bourne Robert W.
9950 WOODLOCH FOREST DR.
THE WOODLANDS, TX77380
SVP & Chief Commercial Officer
Signatures
/s/ Philip C. Neisel, as attorney-in-fact 02/15/2022
Signature of Reporting Person Date
Explanation of Responses:
( 1 )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.
( 2 )These Phantom Units vest ratably over a three-year period on February 12th of each year, and will pay distribution equivalent rights in the form of WES Common Units on a current basis.
( 3 )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.
( 4 )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.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(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).

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