JAMESON KELLY J 4
4 · Southcross Energy Partners, L.P. · Filed Oct 3, 2017
Insider Transaction Report
Form 4
JAMESON KELLY J
See Remarks
Transactions
- Exercise/Conversion
Phantom Units
2017-10-01−10,833→ 10,834 totalFrom: 2017-10-01Exp: 2017-10-01→ Common Units (10,833 underlying) - Exercise/Conversion
Common Units (Limited Partnership Interests)
2017-10-01+10,833→ 18,703 total - Tax Payment
Common Units (Limited Partnership Interests)
2017-10-01$2.35/sh−2,963$6,963→ 15,740 total
Footnotes (3)
- [F1]On October 1, 2017, one-third of the 32,500 phantom units awarded to the Reporting Person on October 1, 2015 vested. All of such vested phantom units were settled in common units (on a one-for-one basis) that were issued to the Reporting Person on such date.
- [F2]One-third of the 32,500 phantom units vest on each of the first, second, and third anniversaries of the grant date (October 1, 2015), subject to his continued service as provided in the underlying award agreement. The Reporting Person received 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]Upon vesting, the phantom units are settled in common units (on a one-for-one basis).