Southcross Energy Partners, L.P. 4
4 · Southcross Energy Partners, L.P. · Filed Aug 6, 2014
Insider Transaction Report
Form 4
LOTHAMER W COREY
See Remarks
Transactions
- Exercise/Conversion
Common Units (Limited Partnership Interests)
2014-08-04+17,375→ 21,318 total - Tax Payment
Common Units (Limited Partnership Interests)
2014-08-04$22.17/sh−6,482$143,706→ 14,836 total - Exercise/Conversion
Phantom Units
2014-08-04−17,375→ 0 total→ Common Units (Limited Partnership Interests) (17,375 underlying)
Footnotes (2)
- [F1]On August 4, 2014, all of the phantom units awarded to the Reporting Person vested in accordance with his underlying award agreement, which provided for accelerated vesting upon a Change in Control (as defined in the Issuer's 2012 Long-Term Incentive Plan) of the Issuer's general partner, Southcross Energy Partners GP, LLC. All of such vested phantom units were settled in Common Units (on a one-for-one basis). The Reporting Person will receive distribution equivalent rights for each phantom unit with a payment of a lump sum of cash equal to the accrued distributions from and after the grant date of the reported phantom units.
- [F2]The phantom units do not expire. Upon vesting, the phantom units are settled in Common Units (on a one-for one basis).