SEC Form 4 · accession 0001140361-15-033060
Southcross Energy Partners, L.P. · SXE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owners
Tailwater Capital LLC
10% Owner
TW GP EF-1, LP
10% Owner
TAILWATER ENERGY FUND I, LP
10% Owner
TW/LM GP Sub, LLC
10% Owner
TW BBTS Aggregator LP
10% Owner
TW GP EF-1 GP, LLC
10% Owner
BB-II Holdco LP
10% Owner
Tailwater Holdings, LP
10% Owner
TW GP Holdings, LLC
10% Owner
Period of report
Nov 5, 2014
Accepted (ET)
Aug 21, 2015 · 2:03 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001547638
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Class B Convertible UnitsF1 | — | Nov 5, 2014 | J | 256,078 | A | — | — | Common Units (Limited Partnership Interests) | — | 14,889,078 | I |
| Class B Convertible UnitsF1 | — | Feb 9, 2015 | J | 260,558 | A | — | — | Common Units (Limited Partnership Interests) | — | 15,149,636 | I |
| Class B Convertible UnitsF1 | — | May 8, 2015 | J | 265,118 | A | — | — | Common Units (Limited Partnership Interests) | — | 15,414,754 | I |
| Class B Convertible UnitsF1 | — | Aug 10, 2015 | J | 269,758 | A | — | — | Common Units (Limited Partnership Interests) | — | 15,684,512 | I |
Explanation of responses
- F1The Class B Convertible Units were acquired as a payment in kind distribution on outstanding Class B Convertible Units pursuant to the Issuer's Third Amended and Restated Agreement of Limited Partnership dated August 4, 2014 (the "Partnership Agreement"). The Class B Convertible Units convert into Common Units at the Class B Conversion Rate (as defined in the Partnership Agreement) on the Class B Conversion Date (as defined in the Partnership Agreement).
Remarks
Due to the technical limitation on the number of Reporting Persons per filing, this filing is made in two parts. This is part 1 of 2. See Exhibit 99.1 - Remarks