HESM

SEC source: 0001209191-19-061003 · doc4.xml · nonDerivative · entry 1

REDDY J PATRICK · CIK 0001181025 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 4,905

F1 · price: Pursuant to the Agreement and Plan of Merger dated October 3, 2019 (the "Merger Agreement"), each Common Unit of Hess Midstream Partners LP ("Old HESM") issued and outstanding prior to the effective time of the transactions contemplated by the Merger Agreement (the "Effective Time") (other than any Old HESM Common Units held by the Existing Sponsors or the HIP Entities (as defined in the Merger Agreement) as of immediately prior to the Effective Time), was automatically converted into the right to receive one validly issued, fully paid and non-assessable Class A Share of Hess Midstream LP ("New HESM").

SEC source: 0001209191-19-061024 · doc4.xml · nonDerivative · entry 1

Turner Michael R · CIK 0001465729 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 4,500

F1 · price: Pursuant to the Agreement and Plan of Merger dated October 3, 2019 (the "Merger Agreement"), each Common Unit of Hess Midstream Partners LP ("Old HESM") issued and outstanding prior to the effective time of the transactions contemplated by the Merger Agreement (the "Effective Time") (other than any Old HESM Common Units held by the Existing Sponsors or the HIP Entities (as defined in the Merger Agreement) as of immediately prior to the Effective Time), was automatically converted into the right to receive one validly issued, fully paid and non-assessable Class A Share of Hess Midstream LP ("New HESM").

SEC source: 0001209191-19-061000 · doc4.xml · nonDerivative · entry 1

Hill Gregory P. · CIK 0001453499 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 4,350

F1 · price: Pursuant to the Agreement and Plan of Merger dated October 3, 2019 (the "Merger Agreement"), each Common Unit of Hess Midstream Partners LP ("Old HESM") issued and outstanding prior to the effective time of the transactions contemplated by the Merger Agreement (the "Effective Time") (other than any Old HESM Common Units held by the Existing Sponsors or the HIP Entities (as defined in the Merger Agreement) as of immediately prior to the Effective Time), was automatically converted into the right to receive one validly issued, fully paid and non-assessable Class A Share of Hess Midstream LP ("New HESM").

SEC source: 0001209191-19-060997 · doc4.xml · nonDerivative · entry 1

Goodell Timothy B. · CIK 0001453244 · General Counsel & Secretary

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 12,500

F1 · price: Pursuant to the Agreement and Plan of Merger dated October 3, 2019 (the "Merger Agreement"), each Common Unit of Hess Midstream Partners LP ("Old HESM") issued and outstanding prior to the effective time of the transactions contemplated by the Merger Agreement (the "Effective Time") (other than any Old HESM Common Units held by the Existing Sponsors or the HIP Entities (as defined in the Merger Agreement) as of immediately prior to the Effective Time), was automatically converted into the right to receive one validly issued, fully paid and non-assessable Class A Share of Hess Midstream LP ("New HESM").

SEC source: 0001209191-19-060998 · doc4.xml · nonDerivative · entry 1

RIELLY JOHN P · CIK 0001191129 · Director · Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 20,000

F1 · price: Pursuant to the Agreement and Plan of Merger dated October 3, 2019 (the "Merger Agreement"), each Common Unit of Hess Midstream Partners LP ("Old HESM") issued and outstanding prior to the effective time of the transactions contemplated by the Merger Agreement (the "Effective Time") (other than any Old HESM Common Units held by the Existing Sponsors or the HIP Entities (as defined in the Merger Agreement) as of immediately prior to the Effective Time), was automatically converted into the right to receive one validly issued, fully paid and non-assessable Class A Share of Hess Midstream LP ("New HESM").

SEC source: 0001209191-19-061006 · doc4.xml · derivative · entry 2

Letwin Stephen J J · CIK 0001361351 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 2,856

Underlying: Class A Shares · 2,856 shares

Expires not disclosed

F2 · derivative.exercise_price: The Phantom Shares are the economic equivalent of an equal number of Class A shares. The Phantom Shares vest on March 8, 2020 and have no expiration date.

F3 · price: Pursuant to the Merger Agreement, each issued and outstanding Phantom Unit of Old HESM owned by the Reporting Person immediately prior to the Effective Time, whether vested or unvested, was automatically converted into an equal number of Phantom Units of New HESM. The number of New HESM Class A Shares subject to each New HESM Phantom Share is equal to the number of Old HESM Common Units subject to such Phantom Unit immediately prior to the Effective Time. Each New HESM Phantom Share will continue to be subject to the same terms and conditions as applied to the corresponding Phantom Unit immediately prior to the Effective Time.

F2 · derivative.exercise_date: The Phantom Shares are the economic equivalent of an equal number of Class A shares. The Phantom Shares vest on March 8, 2020 and have no expiration date.

F2 · derivative.expiration_date: The Phantom Shares are the economic equivalent of an equal number of Class A shares. The Phantom Shares vest on March 8, 2020 and have no expiration date.

SEC source: 0001209191-19-061006 · doc4.xml · nonDerivative · entry 1

Letwin Stephen J J · CIK 0001361351 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 2,891

F1 · price: Pursuant to the Agreement and Plan of Merger dated October 3, 2019 (the "Merger Agreement"), each Common Unit of Hess Midstream Partners LP ("Old HESM") issued and outstanding prior to the effective time of the transactions contemplated by the Merger Agreement (the "Effective Time") (other than any Old HESM Common Units held by the Existing Sponsors or the HIP Entities (as defined in the Merger Agreement) as of immediately prior to the Effective Time), was automatically converted into the right to receive one validly issued, fully paid and non-assessable Class A Share of Hess Midstream LP ("New HESM").

SEC source: 0000899243-19-029483 · doc4.xml · derivative · entry 3

Global Infrastructure Investors II, LLC · CIK 0001552830 · Director · 10% owner

Global Infrastructure GP II, L.P. · CIK 0001552829 · Director · 10% owner

GIP Blue Holding GP, LLC · CIK 0001702754 · Director · 10% owner

GIP II Blue Holding Partnership, L.P. · CIK 0001701926 · Director · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · See footnotes

Disclosed balance after: 133,208,464

Underlying: Class B Shares · 133,208,464 shares

Expires not disclosed

F4 · derivative.exercise_price: The Opco Class B Units may be converted at any time in to Class A Shares on a one to one basis and have no expiration date.

F1 · price: Pursuant to the Agreement and Plan of Merger dated October 3, 2019 (the "Merger Agreement"), each Common Unit and Subordinated Unit of Hess Midstream Partners LP ("Old HESM") held by the Reporting Persons prior to the effective time of the transactions contemplated by the Merger Agreement (the "Effective Time) were exchanged for 898,000 Class A Shares, 266,416,928 Class B Shares and 133,208,464 Opco Class B Units of Hess Midstream LP ("New HESM").

F4 · derivative.exercise_date: The Opco Class B Units may be converted at any time in to Class A Shares on a one to one basis and have no expiration date.

F4 · derivative.expiration_date: The Opco Class B Units may be converted at any time in to Class A Shares on a one to one basis and have no expiration date.

F3 · ownership.nature: Global Infrastructure Investors II, LLC ("Global Investors") is the sole general partner of Global Infrastructure GP II, L.P. ("Global GP"), which is the sole member of GIP Blue Holding GP, LLC, ("Blue Holding GP"), which is the general partner of GIP II Blue Holding Partnership, L.P. ("Blue Holding"). As such, each of Global Investors, Global GP and Blue Holding GP may be deemed to beneficially own the securities held of record by Blue Holding. Each such entity disclaims beneficial ownership of such securities except to the extent of their pecuniary interest therein.

F5 · ownership.nature: Represents securities held by Blue Holding.

SEC source: 0000899243-19-029483 · doc4.xml · nonDerivative · entry 2

Global Infrastructure Investors II, LLC · CIK 0001552830 · Director · 10% owner

Global Infrastructure GP II, L.P. · CIK 0001552829 · Director · 10% owner

GIP Blue Holding GP, LLC · CIK 0001702754 · Director · 10% owner

GIP II Blue Holding Partnership, L.P. · CIK 0001701926 · Director · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · See footnotes

Disclosed balance after: 266,416,928

F1 · price: Pursuant to the Agreement and Plan of Merger dated October 3, 2019 (the "Merger Agreement"), each Common Unit and Subordinated Unit of Hess Midstream Partners LP ("Old HESM") held by the Reporting Persons prior to the effective time of the transactions contemplated by the Merger Agreement (the "Effective Time) were exchanged for 898,000 Class A Shares, 266,416,928 Class B Shares and 133,208,464 Opco Class B Units of Hess Midstream LP ("New HESM").

F2 · ownership.nature: Represents securities held by Hess Midstream GP LP. Hess Infrastructure Partners GP LLC is the general partner 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 Hess Investments North Dakota LLC and GIP II Blue Holding Partnership, L.P. As such, each of the foregoing entities may be deemed to beneficially owned 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.

F3 · ownership.nature: Global Infrastructure Investors II, LLC ("Global Investors") is the sole general partner of Global Infrastructure GP II, L.P. ("Global GP"), which is the sole member of GIP Blue Holding GP, LLC, ("Blue Holding GP"), which is the general partner of GIP II Blue Holding Partnership, L.P. ("Blue Holding"). As such, each of Global Investors, Global GP and Blue Holding GP may be deemed to beneficially own the securities held of record by Blue Holding. Each such entity disclaims beneficial ownership of such securities except to the extent of their pecuniary interest therein.

SEC source: 0000899243-19-029483 · doc4.xml · nonDerivative · entry 1

Global Infrastructure Investors II, LLC · CIK 0001552830 · Director · 10% owner

Global Infrastructure GP II, L.P. · CIK 0001552829 · Director · 10% owner

GIP Blue Holding GP, LLC · CIK 0001702754 · Director · 10% owner

GIP II Blue Holding Partnership, L.P. · CIK 0001701926 · Director · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · See footnotes

Disclosed balance after: 898,000

F1 · price: Pursuant to the Agreement and Plan of Merger dated October 3, 2019 (the "Merger Agreement"), each Common Unit and Subordinated Unit of Hess Midstream Partners LP ("Old HESM") held by the Reporting Persons prior to the effective time of the transactions contemplated by the Merger Agreement (the "Effective Time) were exchanged for 898,000 Class A Shares, 266,416,928 Class B Shares and 133,208,464 Opco Class B Units of Hess Midstream LP ("New HESM").

F2 · ownership.nature: Represents securities held by Hess Midstream GP LP. Hess Infrastructure Partners GP LLC is the general partner 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 Hess Investments North Dakota LLC and GIP II Blue Holding Partnership, L.P. As such, each of the foregoing entities may be deemed to beneficially owned 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.

F3 · ownership.nature: Global Infrastructure Investors II, LLC ("Global Investors") is the sole general partner of Global Infrastructure GP II, L.P. ("Global GP"), which is the sole member of GIP Blue Holding GP, LLC, ("Blue Holding GP"), which is the general partner of GIP II Blue Holding Partnership, L.P. ("Blue Holding"). As such, each of Global Investors, Global GP and Blue Holding GP may be deemed to beneficially own the securities held of record by Blue Holding. Each such entity disclaims beneficial ownership of such securities except to the extent of their pecuniary interest therein.

SEC source: 0001209191-19-060999 · doc4.xml · derivative · entry 4

Gatling John A. · CIK 0001702312 · President and COO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 10,984

Underlying: Class A Shares · 10,984 shares

Expires not disclosed

F5 · derivative.exercise_price: The Phantom Shares are the economic equivalent of an equal number of Class A shares. The Phantom Shares will vest in three equal annual installments beginning on March 8, 2020 and have no expiration date.

F3 · price: Pursuant to the Merger Agreement, each issued and outstanding Phantom Unit of Old HESM owned by the Reporting Person immediately prior to the Effective Time, whether vested or unvested, was automatically converted into an equal number of Phantom Units of New HESM. The number of New HESM Class A Shares subject to each New HESM Phantom Share is equal to the number of Old HESM Common Units subject to such Phantom Unit immediately prior to the Effective Time. Each New HESM Phantom Share will continue to be subject to the same terms and conditions as applied to the corresponding Phantom Unit immediately prior to the Effective Time.

F5 · derivative.exercise_date: The Phantom Shares are the economic equivalent of an equal number of Class A shares. The Phantom Shares will vest in three equal annual installments beginning on March 8, 2020 and have no expiration date.

F5 · derivative.expiration_date: The Phantom Shares are the economic equivalent of an equal number of Class A shares. The Phantom Shares will vest in three equal annual installments beginning on March 8, 2020 and have no expiration date.

SEC source: 0001209191-19-060999 · doc4.xml · derivative · entry 3

Gatling John A. · CIK 0001702312 · President and COO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 8,126

Underlying: Class A Shares · 8,126 shares

Expires not disclosed

F4 · derivative.exercise_price: The Phantom Shares are the economic equivalent of an equal number of Class A shares. The Phantom Shares vest ratably on March 8, 2020 and March 8, 2021 and have no expiration date.

F3 · price: Pursuant to the Merger Agreement, each issued and outstanding Phantom Unit of Old HESM owned by the Reporting Person immediately prior to the Effective Time, whether vested or unvested, was automatically converted into an equal number of Phantom Units of New HESM. The number of New HESM Class A Shares subject to each New HESM Phantom Share is equal to the number of Old HESM Common Units subject to such Phantom Unit immediately prior to the Effective Time. Each New HESM Phantom Share will continue to be subject to the same terms and conditions as applied to the corresponding Phantom Unit immediately prior to the Effective Time.

F4 · derivative.exercise_date: The Phantom Shares are the economic equivalent of an equal number of Class A shares. The Phantom Shares vest ratably on March 8, 2020 and March 8, 2021 and have no expiration date.

F4 · derivative.expiration_date: The Phantom Shares are the economic equivalent of an equal number of Class A shares. The Phantom Shares vest ratably on March 8, 2020 and March 8, 2021 and have no expiration date.

SEC source: 0001209191-19-060999 · doc4.xml · derivative · entry 2

Gatling John A. · CIK 0001702312 · President and COO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,450

Underlying: Class A Shares · 1,450 shares

Expires not disclosed

F2 · derivative.exercise_price: The Phantom Shares are the economic equivalent of an equal number of Class A shares. The Phantom Shares vest on April 4, 2020 and have no expiration date.

F3 · price: Pursuant to the Merger Agreement, each issued and outstanding Phantom Unit of Old HESM owned by the Reporting Person immediately prior to the Effective Time, whether vested or unvested, was automatically converted into an equal number of Phantom Units of New HESM. The number of New HESM Class A Shares subject to each New HESM Phantom Share is equal to the number of Old HESM Common Units subject to such Phantom Unit immediately prior to the Effective Time. Each New HESM Phantom Share will continue to be subject to the same terms and conditions as applied to the corresponding Phantom Unit immediately prior to the Effective Time.

F2 · derivative.exercise_date: The Phantom Shares are the economic equivalent of an equal number of Class A shares. The Phantom Shares vest on April 4, 2020 and have no expiration date.

F2 · derivative.expiration_date: The Phantom Shares are the economic equivalent of an equal number of Class A shares. The Phantom Shares vest on April 4, 2020 and have no expiration date.

SEC source: 0001209191-19-060999 · doc4.xml · nonDerivative · entry 1

Gatling John A. · CIK 0001702312 · President and COO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 39,061

F1 · price: Pursuant to the Agreement and Plan of Merger dated October 3, 2019 (the "Merger Agreement"), each Common Unit of Hess Midstream Partners LP ("Old HESM") issued and outstanding prior to the effective time of the transactions contemplated by the Merger Agreement (the "Effective Time") (other than any Old HESM Common Units held by the Existing Sponsors or the HIP Entities (as defined in the Merger Agreement) as of immediately prior to the Effective Time), was automatically converted into the right to receive one validly issued, fully paid and non-assessable Class A Share of Hess Midstream LP ("New HESM").

SEC source: 0001209191-19-060995 · doc4.xml · nonDerivative · entry 2

Hess Infrastructure Partners GP LLC · CIK 0001797016 · Director · 10% owner

Hess Midstream GP LLC · CIK 0001797015 · Director · 10% owner

Hess Midstream GP LP · CIK 0001797014 · Director · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · See Note

Disclosed balance after: 266,416,928

F1 · price: Pursuant to the Agreement and Plan of Merger dated October 3, 2019 (the "Merger Agreement"), each Common Unit of Hess Midstream Partners LP ("Old HESM")held by the Reporting Persons prior to the effective time of the transactions contemplated by the Merger Agreement (the "Effective Time) were exchanged for 898,000 Class A Shares and 266,416,928 Class B Shares of Hess Midstream LP ("New HESM").

F2 · ownership.nature: Represents securities held by Hess Midstream GP LP. Hess Infrastructure Partners GP LLC is the sole member of Hess Midstream GP LLC which is the general partner of Hess Midstream GP LP. As such, each of the foregoing entities may be deemed to beneficially own the securities held of record by Hess Midstream GP LP.

SEC source: 0001209191-19-060995 · doc4.xml · nonDerivative · entry 1

Hess Infrastructure Partners GP LLC · CIK 0001797016 · Director · 10% owner

Hess Midstream GP LLC · CIK 0001797015 · Director · 10% owner

Hess Midstream GP LP · CIK 0001797014 · Director · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · See Note

Disclosed balance after: 898,000

F1 · price: Pursuant to the Agreement and Plan of Merger dated October 3, 2019 (the "Merger Agreement"), each Common Unit of Hess Midstream Partners LP ("Old HESM")held by the Reporting Persons prior to the effective time of the transactions contemplated by the Merger Agreement (the "Effective Time) were exchanged for 898,000 Class A Shares and 266,416,928 Class B Shares of Hess Midstream LP ("New HESM").

F2 · ownership.nature: Represents securities held by Hess Midstream GP LP. Hess Infrastructure Partners GP LLC is the sole member of Hess Midstream GP LLC which is the general partner of Hess Midstream GP LP. As such, each of the foregoing entities may be deemed to beneficially own the securities held of record by Hess Midstream GP LP.

SEC source: 0001209191-19-061001 · doc4.xml · derivative · entry 4

Stein Jonathan C. · CIK 0001702288 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 10,984

Underlying: Class A Shares · 10,984 shares

Expires not disclosed

F5 · derivative.exercise_price: The Phantom Shares are the economic equivalent of an equal number of Class A shares. The Phantom Shares will vest in three equal annual installments beginning on March 8, 2020 and have no expiration date.

F3 · price: Pursuant to the Merger Agreement, each issued and outstanding Phantom Unit of Old HESM owned by the Reporting Person immediately prior to the Effective Time, whether vested or unvested, was automatically converted into an equal number of Phantom Units of New HESM. The number of New HESM Class A Shares subject to each New HESM Phantom Share is equal to the number of Old HESM Common Units subject to such Phantom Unit immediately prior to the Effective Time. Each New HESM Phantom Share will continue to be subject to the same terms and conditions as applied to the corresponding Phantom Unit immediately prior to the Effective Time.

F5 · derivative.exercise_date: The Phantom Shares are the economic equivalent of an equal number of Class A shares. The Phantom Shares will vest in three equal annual installments beginning on March 8, 2020 and have no expiration date.

F5 · derivative.expiration_date: The Phantom Shares are the economic equivalent of an equal number of Class A shares. The Phantom Shares will vest in three equal annual installments beginning on March 8, 2020 and have no expiration date.

SEC source: 0001209191-19-061001 · doc4.xml · derivative · entry 3

Stein Jonathan C. · CIK 0001702288 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 8,126

Underlying: Class A Shares · 8,126 shares

Expires not disclosed

F4 · derivative.exercise_price: The Phantom Shares are the economic equivalent of an equal number of Class A shares. The Phantom Shares vest ratably on March 8, 2020 and March 8, 2021 and have no expiration date.

F3 · price: Pursuant to the Merger Agreement, each issued and outstanding Phantom Unit of Old HESM owned by the Reporting Person immediately prior to the Effective Time, whether vested or unvested, was automatically converted into an equal number of Phantom Units of New HESM. The number of New HESM Class A Shares subject to each New HESM Phantom Share is equal to the number of Old HESM Common Units subject to such Phantom Unit immediately prior to the Effective Time. Each New HESM Phantom Share will continue to be subject to the same terms and conditions as applied to the corresponding Phantom Unit immediately prior to the Effective Time.

F4 · derivative.exercise_date: The Phantom Shares are the economic equivalent of an equal number of Class A shares. The Phantom Shares vest ratably on March 8, 2020 and March 8, 2021 and have no expiration date.

F4 · derivative.expiration_date: The Phantom Shares are the economic equivalent of an equal number of Class A shares. The Phantom Shares vest ratably on March 8, 2020 and March 8, 2021 and have no expiration date.

SEC source: 0001209191-19-061001 · doc4.xml · derivative · entry 2

Stein Jonathan C. · CIK 0001702288 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,450

Underlying: Class A Shares · 1,450 shares

Expires not disclosed

F2 · derivative.exercise_price: The Phantom Shares are the economic equivalent of an equal number of Class A shares. The Phantom Shares vest on April 4, 2020 and have no expiration date.

F3 · price: Pursuant to the Merger Agreement, each issued and outstanding Phantom Unit of Old HESM owned by the Reporting Person immediately prior to the Effective Time, whether vested or unvested, was automatically converted into an equal number of Phantom Units of New HESM. The number of New HESM Class A Shares subject to each New HESM Phantom Share is equal to the number of Old HESM Common Units subject to such Phantom Unit immediately prior to the Effective Time. Each New HESM Phantom Share will continue to be subject to the same terms and conditions as applied to the corresponding Phantom Unit immediately prior to the Effective Time.

F2 · derivative.exercise_date: The Phantom Shares are the economic equivalent of an equal number of Class A shares. The Phantom Shares vest on April 4, 2020 and have no expiration date.

F2 · derivative.expiration_date: The Phantom Shares are the economic equivalent of an equal number of Class A shares. The Phantom Shares vest on April 4, 2020 and have no expiration date.

SEC source: 0001209191-19-061001 · doc4.xml · nonDerivative · entry 1

Stein Jonathan C. · CIK 0001702288 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 13,077

F1 · price: Pursuant to the Agreement and Plan of Merger dated October 3, 2019 (the "Merger Agreement"), each Common Unit of Hess Midstream Partners LP ("Old HESM") issued and outstanding prior to the effective time of the transactions contemplated by the Merger Agreement (the "Effective Time") (other than any Old HESM Common Units held by the Existing Sponsors or the HIP Entities (as defined in the Merger Agreement) as of immediately prior to the Effective Time), was automatically converted into the right to receive one validly issued, fully paid and non-assessable Class A Share of Hess Midstream LP ("New HESM").