WILLIAMSON BRUCE A 4
4 · Southcross Energy Partners, L.P. · Filed Aug 24, 2018
Insider Transaction Report
Form 4
WILLIAMSON BRUCE A
Director
Transactions
- Exercise/Conversion
Common Units (Limited Partnership Interests)
2018-08-22+12,739→ 12,739 total - Exercise/Conversion
Phantom Units
2018-08-22−157,978→ 0 total→ Common Units (157,978 underlying)
Footnotes (2)
- [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 for his equity compensation and retainer and meeting fees. Under such arrangement, the Reporting Person was eligible to receive equity compensation, cash compensation, and distribution equivalent rights that the Reporting Person deferred. Each phantom unit was the economic equivalent of one common unit. The Reporting Person's last date of service was August 16, 2018.
- [F2]For the 12,739 phantom units credited to the Reporting Person for equity compensation, the Reporting Person received 12,739 common units. For the 145,239 phantom units credited to the Reporting Person for cash compensation, the Reporting Person will receive 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.