LOTHAMER W COREY 4
4 · Southcross Energy Partners, L.P. · Filed Nov 8, 2012
Insider Transaction Report
Form 4
LOTHAMER W COREY
See Remarks
Transactions
- Award
Phantom Units
2012-11-08+15,000→ 15,000 total→ Common Units (15,000 underlying) - Purchase
Common Units (Limited Partner Interest)
2012-11-07$20.00/sh+300$6,000→ 300 total
Footnotes (3)
- [F1]Each phantom unit is the economic equivalent of one common unit.
- [F2]The phantom units vest over a three year period in equal annual installments commencing on November 8, 2012, subject to accelerated vesting upon a change in control of the Issuer or the Reporting Person's cessation of service with the Issuer due to death or disability. The Reporting Person will receive distribution equivalent rights for each phantom unit, providing for payment on the vesting date of a lump sum of cash equal to the accrued distributions from and after the grant date of the phantom units.(3) Phantom units do not expire. The phantom units are settled upon vesting in common units (on a one-for-one basis).
- [F3]Phantom units do not expire. The phantom units are settled upon vesting in common units (on a one-for-one basis).