SEC Form 4 · accession 0001179110-18-011968

Southcross Energy Partners, L.P. · SXE

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

Reporting owner

Kelly J Jameson

Officer — See Remarks

Period of report

Oct 1, 2018

Accepted (ET)

Oct 2, 2018 · 7:58 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	Oct 1, 2018	M	10,834	—	A	26,574	D
Common Units (Limited Partnership Interests)	Oct 1, 2018	F	2,639	$0.64	D	23,935	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	—	Oct 1, 2018	M	10,834	D	Oct 1, 2018	Oct 1, 2018	Common Units	10,834	0	D

Explanation of responses

F1On October 1, 2018, one-third of the 32,500 phantom units awarded to the Reporting Person on October 1, 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.
F2One-third of the 32,500 phantom units vest on each of the first, second, and third anniversaries of the grant date (October 1, 2015), subject to his continued service 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.
F3Upon vesting, the phantom units are settled in common units (on a one-for-one basis).

Remarks

The Reporting Person is the Senior Vice President, General Counsel and Secretary 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.