SEC Form 4 · accession 0001179110-15-005993
Southcross Energy Partners, L.P. · SXE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ronald G Steinhart
Director
Period of report
Apr 1, 2015
Accepted (ET)
Apr 3, 2015 · 4:56 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001547638
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Units (Limited Partnership Interests)F1,F2 | Apr 1, 2015 | A | 5,365 | $0.00 | A | 26,879 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The reported common units were issued to the Reporting Person pursuant to the Issuer's Non-Employee Director Compensation Arrangement. Under such arrangement, the Reporting Person received a number of units equivalent to $75,000, divided by a per unit price of $13.98, which is the average of the daily per unit closing price of the Issuer's common units for the ten trading days immediately before April 1, 2015.
- F2Includes 16,879 common units directly owned by the Reporting Person. Also includes 2,500 common units owned by each of two of the Reporting Person's sons and 1,000 common units owned by each of five trusts established for the benefit of the Reporting Person's grandchildren, over which the Reporting Person shares voting and dispositive power. The Reporting Person has no pecuniary interest in, and disclaims any ownership of, such common units that are not owned by the Reporting Person directly.
Remarks
The Reporting Person is a director of Southcross Energy Partners GP, LLC, the general partner of the Issuer (the "General Partner"). The Issuer is managed by the directors and executive officers of the General Partner.