SEC Form 4 · accession 0001140361-17-006919
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 GP EF-1, LP
10% Owner
TAILWATER ENERGY FUND I, LP
10% Owner
TW/LM GP Sub, LLC
10% Owner
TW GP EF-1 GP, LLC
10% Owner
Tailwater Holdings, LP
10% Owner
TW GP Holdings, LLC
10% Owner
TW Southcross Aggregator LP
10% Owner
Period of report
Feb 14, 2017
Accepted (ET)
Feb 14, 2017 · 1:06 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 | — | Feb 14, 2017 | J | 299,375 | A | — | — | Common Units (Limited Partnership Interests) | — | 17,405,250 | I |
Explanation of responses
- F1The Class B Convertible Units were acquired by Southcross Holdings Borrower LP ("Borrower") 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
See Exhibit 99.1