Southcross Energy Partners, L.P. 4
4 · Southcross Energy Partners, L.P. · Filed Jul 6, 2015
Insider Transaction Report
Form 4
Moxley Joel D
See Remarks
Transactions
- Award
Phantom Units
2015-07-01+45,000→ 45,000 total→ Common Units (Limited Partnership Interests) (45,000 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 (July 1, 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 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).