Home/Filings/4/0001140361-16-053724
4//SEC Filing

Wade Randall S. 4

Accession 0001140361-16-053724

CIK 0001547638other

Filed

Feb 16, 7:00 PM ET

Accepted

Feb 17, 5:27 PM ET

Size

24.8 KB

Accession

0001140361-16-053724

Insider Transaction Report

Form 4
Period: 2016-02-14
Transactions
  • Other

    Class B Convertible Units

    2016-02-14+279,30316,238,272 total(indirect: By Southcross Holdings Borrower LP)
    Common Units (Limited Partnership Interests)
Transactions
  • Other

    Class B Convertible Units

    2016-02-14+279,30316,238,272 total(indirect: By Southcross Holdings Borrower LP)
    Common Units (Limited Partnership Interests)
Transactions
  • Other

    Class B Convertible Units

    2016-02-14+279,30316,238,272 total(indirect: By Southcross Holdings Borrower LP)
    Common Units (Limited Partnership Interests)
Transactions
  • Other

    Class B Convertible Units

    2016-02-14+279,30316,238,272 total(indirect: By Southcross Holdings Borrower LP)
    Common Units (Limited Partnership Interests)
Transactions
  • Other

    Class B Convertible Units

    2016-02-14+279,30316,238,272 total(indirect: By Southcross Holdings Borrower LP)
    Common Units (Limited Partnership Interests)
Transactions
  • Other

    Class B Convertible Units

    2016-02-14+279,30316,238,272 total(indirect: By Southcross Holdings Borrower LP)
    Common Units (Limited Partnership Interests)
Transactions
  • Other

    Class B Convertible Units

    2016-02-14+279,30316,238,272 total(indirect: By Southcross Holdings Borrower LP)
    Common Units (Limited Partnership Interests)
Transactions
  • Other

    Class B Convertible Units

    2016-02-14+279,30316,238,272 total(indirect: By Southcross Holdings Borrower LP)
    Common Units (Limited Partnership Interests)
Transactions
  • Other

    Class B Convertible Units

    2016-02-14+279,30316,238,272 total(indirect: By Southcross Holdings Borrower LP)
    Common Units (Limited Partnership Interests)
Footnotes (2)
  • [F1]Borrower (as defined below) was entitled to receive a Class B Quarterly Distribution (as defined in the Issuer's Third Amended and Restated Agreement of Limited Partnership dated August 4, 2014 (the "Partnership Agreement")), consisting of additional Class B Convertible Units (the "Class B PIK Units") in accordance with the terms of the Partnership Agreement. However, the Issuer did not timely make such Class B Quarterly Distribution. The Partnership Agreement provides that, notwithstanding the Issuer's failure to make such Class B Quarterly Distribution, the holders entitled to the unpaid Class B PIK Units shall be entitled to all rights under the Partnership Agreement as if such unpaid Class B PIK Units had in fact been distributed on the date due ("Unpaid Class B PIK Rights"). Therefore, on February 14, 2016, SHB acquired Unpaid Class B PIK Rights equivalent to 279,303 Class B Convertible Units.
  • [F2]The total number of derivative securities beneficially owned following the reported transaction that is reflected in Column 8 includes Unpaid Class B PIK Rights equivalent to 279,303 Class B Convertible Units.

Issuer

Southcross Energy Partners, L.P.

CIK 0001547638

Entity typeother

Related Parties

1
  • filerCIK 0001657027

Filing Metadata

Form type
4
Filed
Feb 16, 7:00 PM ET
Accepted
Feb 17, 5:27 PM ET
Size
24.8 KB