X0306 4 2014-12-02 1 0001576044 QEP Midstream Partners, LP QEPM 0001108827 QEP RESOURCES, INC. 1050 17TH STREET, SUITE 800 DENVER CO 80265 1 0 1 1 Refer to footnote (1) Common Units (Limited Partnership Interests) 2014-12-02 4 J 0 3701750 D 0 I By Field Services Subordinated Units (Limited Partner Interests) 2014-12-02 4 J 0 26705000 D Common Units (Limited Partner Interests) 26705000 0 I By Field Services This Form 4 is filed jointly by QEP Resources, Inc. ("QEP Resources") and QEP Field Services Company ("Field Services"). Field Services is a wholly owned subsidiary of QEP Resources. On December 2, 2014, QEP Resources, through Field Services, sold QEP Resources' midstream business to Tesoro Logistics LP, including (i) the common and subordinated units in the Issuer held directly by Field Services, which represented a 55.8% limited partner interest in the Issuer and (ii) QEP Resources' 100% interest in the Issuer's general partner, which owns a 2.0% general partner interest in the Issuer and 100% of the Issuer's incentive distribution rights. The aggregate consideration for the transaction was $2.5 billion, subject to customary purchase price adjustments. Each subordinated unit will convert into one common unit at the end of the subordination period described in the Issuer's Registration Statement on Form S-1 (Registration No. 333-188487). /s/ Abigail L. Jones, Attorney in Fact 2014-12-04