Amended Statement of Beneficial Ownership (sc 13d/a)
2020年9月29日 - 7:10PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(Rule 13d-101)
Information to be Included in Statements Filed Pursuant to § 240.13d-1(a) and
Amendments Thereto Filed Pursuant to § 240.13d-2(a)
Under the Securities Exchange Act of 1934
(Amendment No. 5)*
CNX MIDSTREAM
PARTNERS LP
(Name of Issuer)
Common Units Representing Limited Partner Interests
(Title of Class of Securities)
12654A101
(CUSIP Number)
Donald W. Rush
CNX Midstream GP LLC
CNX
Center
1000 CONSOL Energy Drive
Canonsburg, Pennsylvania 15317-6506
(724) 485-4000
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
September 28, 2020
(Date of Event Which Requires Filing of this Statement)
If the filing
person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), Rule 13d-1(f) or Rule 13d-1(g), check the following box. ☐
Note: Schedules filed in paper format shall
include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7(b) for other parties to whom copies are to be sent.
*
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The remainder of this cover page shall be filled out for a reporting persons initial filing on this form
with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.
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The information required on the remainder of this cover page shall not be deemed to be filed for the purpose of Section 18 of
the Securities Exchange Act of 1934, as amended (Act), or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
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CUSIP No. 12654A101
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13D
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Page 1 of 7 Pages
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1
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Names of
Reporting Persons
CNX Resources Corporation
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2
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Check the Appropriate Box if a Member
of a Group
(a) ☐ (b) ☐
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3
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SEC Use Only
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4
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Source of Funds (See Instructions)
OO
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5
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Check if disclosure of legal
proceedings is required pursuant to Items 2(d) or 2(e)
☐
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6
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Citizenship or Place of
Organization
Delaware
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NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
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7
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Sole Voting Power
42,107,026
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8
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Shared Voting Power
47,692,198
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9
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Sole Dispositive Power
42,107,026
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10
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Shared Dispositive Power
47,692,198
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11
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Aggregate Amount Beneficially Owned by Each Reporting Person
89,799,224
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12
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Check if the Aggregate Amount in Row
(11) Excludes Certain Shares
☐
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13
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Percent of Class Represented by
Amount in Row (11)
100.0%
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14
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Type of Reporting Person
CO
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CUSIP No. 12654A101
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13D
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Page 2 of 7 Pages
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1
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Names of
Reporting Persons
CNX Gas LLC
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2
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Check the Appropriate Box if a Member
of a Group
(a) ☐ (b) ☐
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3
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SEC Use Only
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4
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Source of Funds (See Instructions)
OO
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5
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Check if disclosure of legal
proceedings is required pursuant to Items 2(d) or 2(e)
☐
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6
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Citizenship or Place of
Organization
Delaware
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NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
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7
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Sole Voting Power
0
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8
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Shared Voting Power
47,692,198
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9
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Sole Dispositive Power
0
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10
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Shared Dispositive Power
47,692,198
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11
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Aggregate Amount Beneficially Owned by Each Reporting Person
47,692,198
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12
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Check if the Aggregate Amount in Row
(11) Excludes Certain Shares
☐
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13
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Percent of Class Represented by
Amount in Row (11)
53.1%
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14
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Type of Reporting Person
OO (Limited Liability Company)
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CUSIP No. 12654A101
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13D
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Page 3 of 7 Pages
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1
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Names of
Reporting Persons
CNX Gas Company LLC
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2
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Check the Appropriate Box if a Member
of a Group
(a) ☐ (b) ☐
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3
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SEC Use Only
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4
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Source of Funds (See Instructions)
OO
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5
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Check if disclosure of legal
proceedings is required pursuant to Items 2(d) or 2(e)
☐
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6
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Citizenship or Place of
Organization
Virginia
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NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
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7
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Sole Voting Power
0
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8
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Shared Voting Power
47,692,198
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9
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Sole Dispositive Power
0
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10
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Shared Dispositive Power
47,692,198
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11
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Aggregate Amount Beneficially Owned by Each Reporting Person
47,692,198
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12
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Check if the Aggregate Amount in Row
(11) Excludes Certain Shares
☐
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13
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Percent of Class Represented by
Amount in Row (11)
53.1%
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14
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Type of Reporting Person
OO (Limited Liability Company)
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CUSIP No. 12654A101
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13D
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Page 4 of 7 Pages
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1
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Names of
Reporting Persons
CNX Gas Holdings, Inc.
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2
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Check the Appropriate Box if a Member
of a Group
(a) ☐ (b) ☐
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3
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SEC Use Only
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4
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Source of Funds (See Instructions)
OO
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5
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Check if disclosure of legal
proceedings is required pursuant to Items 2(d) or 2(e)
☐
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6
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Citizenship or Place of
Organization
Delaware
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NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
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7
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Sole Voting Power
0
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8
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Shared Voting Power
897,992
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9
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Sole Dispositive Power
0
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10
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Shared Dispositive Power
897,992
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11
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Aggregate Amount Beneficially Owned by Each Reporting Person
897,992
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12
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Check if the Aggregate Amount in Row
(11) Excludes Certain Shares
☐
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13
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Percent of Class Represented by
Amount in Row (11)
1.0%
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14
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Type of Reporting Person
CO
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CUSIP No. 12654A101
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13D
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Page 5 of 7 Pages
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Explanatory Note
This Amendment No. 5 (this Amendment) amends and supplements the statement on Schedule 13D filed on November 23, 2016
(as amended to date, the Schedule 13D) with the Securities and Exchange Commission relating to the common units representing limited partner interests (the Common Units) in CNX Midstream Partners LP, a Delaware limited
partnership (the Issuer). Capitalized terms used herein which are not defined herein have the meanings set forth in the Schedule 13D.
Item 3.
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Source and Amount of Funds or Other Consideration.
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Item 3 of the Schedule 13D is hereby amended and supplemented as follows:
The total consideration paid for the Common Units in connection with the Merger was valued at approximately $385.0 million (based on the
closing price of CNX Resources Corporations common stock, par value $0.01 per share (the CNX Common Stock), on September 25, 2020) and consisted of the issuance of shares of CNX Common Stock in exchange for all of the issued
and outstanding Common Units other than Common Units owned by CNX Resources Corporation and its subsidiaries, including the Reporting Persons (each, a Public Common Unit). Each issued and outstanding Public Common Unit was converted into
the right to receive 0.88 shares of CNX Common Stock.
Item 4.
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Purpose of Transaction.
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Item 4 of the Schedule 13D is hereby amended and supplemented as follows:
On September 28, 2020, pursuant to the Merger Agreement, Merger Sub merged with and into the Issuer, with the Issuer continuing and
surviving as an indirect, wholly owned subsidiary of CNX Resources Corporation. Pursuant to the terms of the Merger Agreement, each Public Common Unit was converted into the right to receive 0.88 shares of CNX Common Stock. As a result, the
Reporting Persons collectively are the beneficial owners of all of the Common Units of the Issuer.
Following the consummation of the
transactions contemplated by the Merger Agreement, the Issuers Common Units ceased to be listed on the New York Stock Exchange and will be deregistered under the Securities Exchange Act of 1934, as amended.
Item 5.
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Interest in Securities of the Issuer.
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Item 5 of the Schedule 13D is amended and restated in its entirety as follows:
(a) (b)
The following sets forth, as of
the date of this Statement, the aggregate number of Common Units and percentage of Common Units beneficially owned by each of the Reporting
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CUSIP No. 12654A101
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13D
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Page 6 of 7 Pages
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Persons, as well as the number of Common Units as to which each Reporting Person has the sole power to vote or to direct the vote, shared power to vote or to direct the vote, sole power to
dispose or to direct the disposition, or shared power to dispose or to direct the disposition of following the consummation of the transactions contemplated by the Merger Agreement.
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Reporting Person
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Amount
beneficially
owned
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Percent
of class
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Sole power
to vote or
to direct
the vote
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Shared
power to
vote or to
direct the
vote
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Sole power
to dispose or
to direct the
disposition
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Shared
power to
dispose or
to direct
the
disposition
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CNX Resources Corporation
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89,799,224
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100.0
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%
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42,107,026
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47,692,198
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42,107,026
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47,692,198
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CNX Gas LLC
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47,692,198
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53.1
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%
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0
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47,692,198
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0
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47,692,198
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CNX Gas Company LLC
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47,692,198
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53.1
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%
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0
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47,692,198
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0
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47,692,198
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CNX Gas Holdings, Inc.
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897,992
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1.0
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%
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0
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897,992
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0
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897,992
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CNX Resources Corporation is the record holder of 42,107,026 Common Units.
CNX Gas Company LLC is the record holder of 46,794,206 Common Units. CNX Gas Company LLC is a wholly owned subsidiary of CNX Gas LLC, which is
a wholly owned subsidiary of CNX Resources Corporation, a publicly traded company listed on the New York Stock Exchange.
Holdings is the
record holder of 897,992 Common Units. Holdings is a wholly owned subsidiary of CNX Gas Company LLC, which is a wholly owned subsidiary of CNX Gas LLC, which is a wholly owned subsidiary of CNX Resources Corporation, a publicly traded company listed
on the New York Stock Exchange.
(c) Other than as described in Item 3 and Item 4, during the past 60 days none of the Reporting
Persons or the Related Persons has effected any transactions in the Common Units.
(d) None.
Item 6.
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Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer.
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The information provided or incorporated by reference in Item 4 is hereby incorporated by reference herein.
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CUSIP No. 12654A101
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13D
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Page 7 of 7 Pages
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SIGNATURES
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true,
complete and correct.
Date: September 28, 2020
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CNX RESOURCES CORPORATION
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By:
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/s/ Donald W. Rush
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Name:
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Donald W. Rush
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Title:
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Chief Financial Officer
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CNX GAS LLC
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By:
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/s/ Donald W. Rush
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Name:
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Donald W. Rush
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Title:
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Senior Vice President and
Chief Financial
Officer
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CNX GAS COMPANY LLC
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By:
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/s/ Donald W. Rush
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Name:
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Donald W. Rush
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Title:
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Senior Vice President and
Chief Financial
Officer
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CNX GAS HOLDINGS, INC.
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By:
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/s/ Donald W. Rush
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Name:
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Donald W. Rush
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Title:
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Senior Vice President and
Chief Financial
Officer
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