SEC Form 4 · accession 0001179110-15-011310
Southcross Energy Partners, L.P. · SXE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Nick J Caruso
Director
Period of report
Jul 15, 2015
Accepted (ET)
Jul 17, 2015 · 6:09 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 | Jul 15, 2015 | A | 6,454 | $0.00 | A | 6,454 | 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 Southcross Energy Partners GP, LLC Non-Employee Director Compensation Arrangement. Under such arrangement, the Reporting Person received a number of common units equivalent to $75,000 based on a per unit price of $11.62, which is the average closing daily sales price of the Issuer's common units for the ten trading days immediately preceding July 15, 2015.
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.