SEC Form 4 · accession 0001140361-19-002790
Southcross Energy Partners, L.P. · SXE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owners
EIG BBTS Holdings, LLC
10% Owner
R. Blair Thomas
10% Owner
EIG Management Company, LLC
10% Owner
EIG Global Energy Partners, LLC
10% Owner
EIG Asset Management, LLC
10% Owner
Randall S. Wade
Director · 10% Owner
Randall Wade 2010 Irrevocable Trust
10% Owner
Kristina Wade 2010 Irrevocable Trust
10% Owner
Period of report
Feb 7, 2019
Accepted (ET)
Feb 8, 2019 · 5:00 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 7, 2019 | J | 343,950 | A | — | — | Common Units (Limited Partnership Interests) | — | 19,996,781 | 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