Southcross Energy Partners, L.P. 4
4 · Southcross Energy Partners, L.P. · Filed Mar 12, 2015
Insider Transaction Report
Form 4
ANDERSON J MICHAEL
See Remarks
Transactions
- Award
Phantom Units
2015-03-10+10,730→ 10,730 total→ Common Units (Limited Partnership Interests) (10,730 underlying)
Footnotes (3)
- [F1]Each phantom unit is the economic equivalent of one common unit of the Issuer.
- [F2]All of the reported phantom units will vest on the first anniversary of the grant date (March 10, 2015), 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 the 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).