SEC Form 4 · accession 0001140361-15-041239
Southcross Energy Partners, L.P. · SXE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owners
Jason H Downie
10% Owner
Edward Herring
10% Owner
Tailwater Capital LLC
10% Owner
TW BBTS Aggregator LP
10% Owner
Period of report
Nov 9, 2015
Accepted (ET)
Nov 13, 2015 · 5:35 pm EST
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 9, 2015 | J | 274,478 | A | — | — | Common Units (Limited Partnership Interests) | — | 15,958,990 | 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 number of reporting persons exceeding the technical limit of ten, this Form 4 is filed in two parts. This is Part 2 of 2. See Exhibit 99.1 Remarks for additional information.