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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 2270 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned at End of Issuer's Fiscal Year (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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(A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | |||||||||
Phantom Units | Â | 05/15/2013 | Â | A | 56 | Â | Â (1) | Â (1) | Common Units | $ 21.26 (2) | 7,430 (4) | Â | ||
Phantom Units | Â | 07/01/2013 | Â | A | 1,053 | Â | Â (1) | Â (1) | Common Units | $ 22.99 (3) | 8,483 | Â | ||
Phantom Units | Â | 08/14/2013 | Â | A | 80 | Â | Â (1) | Â (1) | Common Units | $ 20.5 (2) | 8,563 | Â | ||
Phantom Units | Â | 10/01/2013 | Â | A | 994 | Â | Â (1) | Â (1) | Common Units | $ 16.8 (3) | 9,557 | Â | ||
Phantom Units | Â | 11/14/2013 | Â | A | 105 | Â | Â (1) | Â (1) | Common Units | $ 19.76 (2) | 9,662 | Â | ||
Phantom Units | Â | 01/08/2014 | Â | A | 982 | Â | Â (1) | Â (1) | Common Units | $ 18.23 (3) | 10,644 | Â | ||
Phantom Units | Â | 02/14/2014 | Â | A | 141 | Â | Â (1) | Â (1) | Common Units | $ 17.8 (2) | 10,785 | Â | ||
Phantom Units | Â | 04/01/2014 | Â | A | 1,056 | Â | Â (1) | Â (1) | Common Units | $ 16.95 (3) | 11,841 | Â | ||
Phantom Units | Â | 05/15/2014 | Â | A | 275 | Â | Â (1) | Â (1) | Common Units | $ 17.24 (2) | 12,116 | Â | ||
Phantom Units | Â | 07/01/2014 | Â | A | 1,273 | Â | Â (1) | Â (1) | Common Units | $ 23 (3) | 13,389 | Â | ||
Phantom Units | Â | 08/14/2014 | Â | A | 232 | Â | Â (1) | Â (1) | Common Units | $ 23.1 (2) | 13,621 | Â | ||
Phantom Units | Â | 10/14/2014 | Â | A | 1,107 | Â | Â (1) | Â (1) | Common Units | $ 18.61 (3) | 14,728 | Â | ||
Phantom Units | Â | 11/14/2014 | Â | A | 329 | Â | Â (1) | Â (1) | Common Units | $ 17.9 (2) | 15,057 | Â |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
WILLIAMSON BRUCE A 1700 PACIFIC AVENUE, SUITE 2900 DALLAS, TX 75201 |
 X |  |  |  |
/s/ Bruce A. Williamson | 03/06/2015 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | The phantom units were issued to the Reporting Person pursuant to the Issuer's Non-Employee Director Compensation Arrangement and Non-Employee Director Deferred Compensation Plan. Under such arrangement, the Reporting Person was eligible to receive cash compensation, equity compensation, and distribution equivalent rights that the Reporting Person deferred. Each phantom unit is the economic equivalent of one common unit. These phantom units become payable in cash equal to the fair market value of the phantom units on the Reporting Person's date of termination of service within 30 days of such termination of service in accordance with the Issuer's Non-Employee Director Deferred Compensation Plan. |
(2) | The number of phantom units credited to the Reporting Person for distribution equivalent rights equals the number of whole and fractional common units that could have been purchased with such award at fair market value on the date of distribution. |
(3) | The number of phantom units credited to the Reporting Person for cash compensation equals the amount of cash compensation deferred divided by the fair market value of a common unit on the date immediately prior to payment of the cash compensation. |
(4) | The total number of phantom units includes 2,993 phantom units awarded to the Reporting Person as equity compensation that the Reporting Person deferred as previously reported on a Form 4 filed on April 3, 2013 and 4,381 phantom units awarded to the Reporting Person as equity compensation that the Reporting Person deferred as previously reported on a Form 4 filed on April 4, 2014. |
 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. |