SEC Form 4 · accession 0001179110-16-021579

Southcross Energy Partners, L.P. · SXE

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

David W Biegler

Officer — See Remarks · Director

Period of report

Mar 10, 2016

Accepted (ET)

Mar 11, 2016 · 6:21 pm EST

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	Mar 10, 2016	M	31,181	—	A	91,777	D
Common Units (Limited Partnership Interests)	Mar 10, 2016	F	10,181	$1.09	D	81,596	D

Table II — derivative securities

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Phantom Units^F1,F2,F3	—	Mar 10, 2016	M	31,181	D	—	—	Common Units	31,181	0	D

Explanation of responses

F1On March 10, 2016, all of the 31,181 phantom units awarded to the Reporting Person on March 10, 2015 vested. All of such vested phantom units were settled in common units (on a one-for-one basis) that were issued to the Reporting Person on such date.
F2All of the 31,181 phantom units vested on the first anniversary of the grant date (March 10, 2015), subject to continued employment and accelerated vesting as provided in the underlying award agreement. The Reporting Person received distribution equivalent rights for each phantom unit, providing for payment on the vesting date of a lump sum of cash equal to the accrued distributions from and after the grant date of the reported phantom units.
F3The phantom units do not expire. Upon vesting, the phantom units are settled in common units (on a one-for-one basis).

Remarks

The Reporting Person is the Chairman and 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.