Southcross Energy Partners, L.P. 4
4 · Southcross Energy Partners, L.P. · Filed Aug 29, 2014
Insider Transaction Report
Form 4
LOTHAMER W COREY
See Remarks
Transactions
- Award
Phantom Units
2014-08-27+9,050→ 9,050 total→ Common Units (Limited Partnership Interests) (9,050 underlying)
Footnotes (3)
- [F1]Each phantom unit is the economic equivalent of one common unit of the Issuer.
- [F2]One-third of the reported phantom units vest on each of the first, second, and third anniversaries of the grant date (August 27, 2014), subject to continued employment and accelerated vesting as provided in the underlying award agreement. The Reporting Person will receive distribution equivalent rights for each phantom unit, providing for payment on each vesting date of a lump sum of cash equal to the accrued distributions from and after the grant date of the reported phantom units.
- [F3]The phantom units do not expire. Upon vesting, the phantom units are settled in common units (on a one-for-one basis).