Southcross Energy Partners, L.P. 4
4 · Southcross Energy Partners, L.P. · Filed Aug 6, 2014
Insider Transaction Report
Form 4
Glasgow Albert B
See Remarks
Transactions
- Exercise/Conversion
Common Units (Limited Partnership Interests)
2014-08-04+4,130→ 4,130 total - Exercise/Conversion
Phantom Units
2014-08-04−4,130→ 0 total→ Common Units (Limited Partnership Interests) (4,130 underlying) - Tax Payment
Common Units (Limited Partnership Interests)
2014-08-04$22.17/sh−1,537$34,075→ 2,593 total
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).