RIO VISTA ENERGY PARTNERS LP 4
4 · RIO VISTA ENERGY PARTNERS LP · Filed Dec 13, 2006
Insider Transaction Report
Form 4
Swank Jerry V
Director
Transactions
- Purchase
Common Units
2006-12-11$4.42/sh+139,437$616,312→ 139,437 total(indirect: See Footnote)
Footnotes (5)
- [F1]The filing of this Form 4 shall not be construed as an admission that Swank Capital, LLC ("Swank Capital"), Swank Energy Income Advisors, L.P. ("Income Advisors"), The Cushing Fund, LP ("Cushing Fund") or Jerry V. Swank ("Mr. Swank") is or was for the purposes of Section 16(a) of the Securities Exchange Act of 1934, as amended, the beneficial owner of any of the common units of Rio Vista Energy Partners LP ("Common Units") held by Cushing Fund, by Swank MLP Convergence Fund, LP ("Convergence Fund"), The Cushing MLP Opportunity Fund I, LP ("Opportunity Fund") or in the total return equity swap agreement entered into by The Cushing Fund (Offshore), Ltd. ("Cushing Offshore"). Pursuant to Rule 16a-1, Swank Capital, Income Advisors, Cushing Fund and Mr. Swank disclaim such beneficial ownership.
- [F2]Swank Capital holds indirectly 139,437 Common Units through Income Advisors, of which Swank Capital is the general partner, which in turn holds Common Units through the account of Opportunity Fund. Income Advisors serves as the controlling member of the general partner of each of the general partner and investment manager of Opportunity Fund. Jerry V. Swank, serves as the manager of Swank Capital.
- [F3]Swank Capital holds indirectly 266,049 Common Units through Income Advisors, of which Swank Capital is the general partner, which in turn holds Common Units through the account of Cushing Fund. Income Advisors serves as the general partner of Cushing Fund. Jerry V. Swank, as the manager of Swank Capital at the time of purchase, controlled the disposition and voting of the Common Units. Swank Capital holds a partnership interest in Income Advisors. Income Advisors receives an allocation of net profits and an asset based fee from and holds a partnership interest in Cushing Fund, which hold the Common Units. Jerry V. Swank, as the Manager of Swank Capital at the time of purchase, controlled the disposition and voting of the Common Units. Mr. Swank holds a limited partner interest in Cushing Fund.
- [F4]Swank Capital holds indirectly 30,768 Common Units through Income Advisors, of which Swank Capital is the general partner, which in turn holds Common Units through the account of Convergence Fund. Income Advisors serves as the general partner of Convergence Fund. Jerry V. Swank, as the manager of Swank Capital at the time of purchase, controlled the disposition and voting of the Common Units. Swank Capital holds a partnership interest in Income Advisors. Income Advisors receives an allocation of net profits and an asset based fee from and holds a partnership interest in Convergence Fund, which hold the Common Units. Jerry V. Swank, as the Manager of Swank Capital at the time of purchase, controlled the dispostion and voting of the Common Units. Mr. Swank holds a limited partner interest in Convergence Fund.
- [F5]Cushing Offshore is party to a total return equity swap agreement with respect to 49,748 shares of Common Units. Income Advisors is the investment manager of Cushing Offshore and receives an allocation of net profits and an asset based fee from Cushing Offshore. Swank Capital is the general partner of Income Advisors and owns a limited partner interest in Income Advisors. Mr. Swank is the manager of Swank Capital, and, in addition, owns shares of Cushing Offshore.