Southcross Energy Partners, L.P. 5
5 · Southcross Energy Partners, L.P. · Filed Feb 6, 2017
Insider Transaction Report
Form 5
WILLIAMSON BRUCE A
Director
Transactions
- Award
Phantom Units
2016-01-29$0.50/sh+31,000$15,500→ 62,994 total→ Common Units (31,000 underlying) - Award
Phantom Units
2016-10-18$1.48/sh+9,459$13,999→ 149,478 total→ Common Units (9,459 underlying) - Award
Phantom Units
2016-05-06$2.07/sh+62,319$129,000→ 125,313 total→ Common Units (62,319 underlying) - Award
Phantom Units
2016-07-07$2.04/sh+14,706$30,000→ 140,019 total→ Common Units (14,706 underlying)
Footnotes (3)
- [F1]The phantom units were issued to the Reporting Person pursuant to the Issuer's Non-Employee Director Compensation Arrangement and Non-Employee Director Deferred Compensation Plan. Under such arrangement, the Reporting Person was eligible to receive cash compensation that the Reporting Person deferred. Each phantom unit is the economic equivalent of one common unit. For phantom units credited to the Reporting Person for cash compensation, the phantom units become payable in cash equal to the fair market value of the phantom units on the Reporting Person's date of termination of service. The cash shall be paid to the Reporting Person within 30 days following his termination of service.
- [F2]The number of phantom units credited to the Reporting Person for cash compensation equals the amount of cash compensation deferred divided by the fair market value of a common unit on the date immediately prior to payment of the cash compensation. The reported phantom units are reported to the nearest whole number for fractional units distributed.
- [F3]The total number of phantom units includes the 31,994 phantom units as reported on a Form 5 filed by the Reporting Person for the fiscal year ending December 31, 2015.