SEC Form 4 · accession 0001179110-15-012444
Southcross Energy Partners, L.P. · SXE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owners
Southcross Holdings LP
Director · 10% Owner
Southcross Holdings Guarantor LP
10% Owner
Southcross Holdings Borrower LP
10% Owner
Southcross Holdings GP, LLC
Director · 10% Owner
Southcross Holdings Guarantor GP LLC
10% Owner
Southcross Holdings Borrower GP LLC
10% Owner
Period of report
Nov 5, 2014
Accepted (ET)
Aug 20, 2015 · 9:50 pm EDT
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,F2 | — | Nov 5, 2014 | J | 256,078 | A | — | — | Common Units (Limited Partnership Interests) | — | 14,889,078 | I |
| Class B Convertible UnitsF1,F2 | — | Feb 9, 2015 | J | 260,558 | A | — | — | Common Units (Limited Partnership Interests) | — | 15,149,636 | I |
| Class B Convertible UnitsF1,F2 | — | May 8, 2015 | J | 265,118 | A | — | — | Common Units (Limited Partnership Interests) | — | 15,414,754 | I |
| Class B Convertible UnitsF1,F2 | — | Aug 10, 2015 | J | 269,758 | A | — | — | Common Units (Limited Partnership Interests) | — | 15,684,512 | 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).
- F2The Class B Convertible Units are owned directly by Southcross Holdings Borrower LP, which is owned 100% by Southcross Holdings Guarantor LP ("Guarantor"), and its non-economic general partner interest is held by Southcross Holdings Borrower GP LLC ("Borrower GP"), which is owned 100% by Guarantor. Guarantor is owned 100% by Southcross Holdings LP ("Holdings"), and its non-economic general partner interest is held by Southcross Holdings Guarantor GP LLC ("Guarantor GP"), which is owned 100% by Holdings. The non-economic general partner interest of Holdings is held by Southcross Holdings GP LLC ("Holdings GP"). Borrower GP, Guarantor, Guarantor GP, Holdings, and Holdings GP are indirect beneficial owners of the reported securities.
Remarks
This Form 4 is filed jointly by Southcross Holdings LP, Southcross Holdings GP LLC, Southcross Holdings Guarantor LP, Southcross Holdings Guarantor GP LLC, Southcross Holdings Borrower LP, and Southcross Holdings Borrower GP LLC.