0001068800-13-000006.txt : 20130124 0001068800-13-000006.hdr.sgml : 20130124 20130124154454 ACCESSION NUMBER: 0001068800-13-000006 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20130124 DATE AS OF CHANGE: 20130124 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CROSSTEX ENERGY INC CENTRAL INDEX KEY: 0001209821 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-PETROLEUM & PETROLEUM PRODUCTS (NO BULK STATIONS) [5172] IRS NUMBER: 522235832 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-81898 FILM NUMBER: 13545562 BUSINESS ADDRESS: STREET 1: C/O CROSSTEX ENERGY, INC. STREET 2: 2501 CEDAR SPRINGS STE 600 CITY: DALLAS STATE: TX ZIP: 75201 BUSINESS PHONE: 2149539500 MAIL ADDRESS: STREET 1: C/O CROSSTEX ENERGY, INC. STREET 2: 2501 CEDAR SPRINGS STE 600 CITY: DALLAS STATE: TX ZIP: 75201 FORMER COMPANY: FORMER CONFORMED NAME: CROSSTEX ENERGY HOLDINGS INC DATE OF NAME CHANGE: 20021211 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: CHICKASAW CAPITAL MANAGEMENT LLC CENTRAL INDEX KEY: 0001276460 IRS NUMBER: 470921032 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 6075 POPLAR AVE STREET 2: STE 402 CITY: MEMPHIS STATE: TN ZIP: 38119 BUSINESS PHONE: 9015371866 MAIL ADDRESS: STREET 1: 6075 POPLAR AVE STREET 2: STE 402 CITY: MEMPHIS STATE: TN ZIP: 38119 SC 13G/A 1 crosstex.htm crosstex.htm



SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549


SCHEDULE 13G/A
Under the Securities Exchange Act of 1934
(Amendment No. 1)*

Crosstex Energy, Inc.
(Name of Issuer)

Common Stock
(Title of Class of Securities)

22765Y104
(CUSIP Number)

December 31, 2012
(Date of Event which Requires Filing of this Statement)



Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

[ X ]     Rule 13d-1(b)
[     ]     Rule 13d-1(c)
[     ]     Rule 13d-1(d)

*The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 
 

 

CUSIP No. 22765Y104
 
Page 2 of 6 Pages


 
1
NAMES OF REPORTING PERSONS
Chickasaw Capital Management, LLC
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) o
(b) o
3
SEC USE ONLY
4
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Delaware
NUMBER OF
 
SHARES
5
SOLE VOTING POWER
3,500,725
BENEFICIALLY
 
OWNED BY
6
SHARED VOTING POWER
0
 
EACH
 
REPORTING
7
SOLE DISPOSITIVE POWER
3,500,725
PERSON
 
WITH
8
SHARED DISPOSITIVE POWER
0
 
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,500,725*
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
o
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
7.38%**
 
12
TYPE OF REPORTING PERSON:
IA
 
 
*See Item 4 of this Schedule 13G
** Based on 47,413,631 shares of Common Stock issued and outstanding as of October 29, 2012, as reported in the Issuer’s Quarterly Report on Form 10-Q filed on November 9, 2012.


 
 

 

CUSIP No. 22765Y104
 
Page 3 of 6 Pages

Item 1.
(a)
Name of Issuer:
   
Crosstex Energy, Inc.
     
     
     
 
(b)
Address of Issuer’s Principal Executive Offices:
   
2501 Cedar Springs, Suite 100, Dallas, TX 75201
     
     
Item 2.
(a)
Name of Person Filing:
   
Chickasaw Capital Management, LLC
     
     
 
(b)
Address of Principal Business Offices or, if none, Residence:
   
6075 Poplar Ave. Suite 402, Memphis, TN 38119
     
     
 
(c)
Citizenship:
   
Delaware, United States
   
 
     
 
(d)
Title of Class of Securities:
   
Common Stock
     
     
 
(e)
CUSIP Number:
   
22765Y104


Item 3.
If this Statement is filed pursuant to § 240.13d-1(b) or §§ 240.13d-2(b) or (c), check whether the person filing is a:
           
 
(a)
[
 
]
Broker or Dealer registered under Section 15 of the Act (15 U.S.C. 78o)
 
(b)
[
 
]
Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c)
 
(c)
[
 
]
Insurance Company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c)
 
(d)
[
 
]
Investment Company registered under Section 8 of the Investment Company Act of 1940  (15 U.S.C. 809-8)
 
(e)
[
x
]
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E)
 
(f)
[
 
]
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F)
 
- 3 -

 

CUSIP No. 22765Y104
 
Page 4 of 6 Pages

 
 
 
(g)
[
 
]
A parent holding company or control person, in accordance with § 240.13d-1(b)(ii)(G)
 
(h)
[
 
]
A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813)
 
(i)
[
 
]
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80-a-3)
 
(j)
[
 
]
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J);
 
(k)
[
 
]
Group, in accordance with § 240.13d-1(b)(1)(ii)(J)
           
         
If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution: _______________

Item 4.
Ownership.

The information in items 1 and 5-11 on the cover pages of this Schedule 13G is hereby incorporated by reference.

Chickasaw Capital Management, LLC is a registered investment adviser which furnishes investment advice to individual clients by exercising trading authority over securities held in accounts on behalf of such clients (collectively, the “portfolios”).  In its role as an investment adviser to the portfolios, Chickasaw Capital Management, LLC has sole dispositive power over the portfolios and, as a result, may be deemed to be the beneficial owner of the securities of the Issuer held by such portfolios.  However, Chickasaw Capital Management, LLC does not have the right to receive any dividends from, or the proceeds from the sale of, the securities held in such portfolios and disclaims any ownership associated with such rights.  In addition, the filing of this Schedule 13G shall not be construed as an admission that Chickasaw Capital Management, LLC is the beneficial owner of any securities covered by this Schedule 13G for any other purposes than Section 13(d) of the Securities Exchange Act of 1934.


Item 5.
Ownership of Five Percent or Less of a Class.

N/A

Item 6.
Ownership of More than Five Percent on Behalf of Another Person.
Each advisory client of Chickasaw Capital Management, LLC who owns securities of the Issuer in their portfolio has the right to receive dividends from, or the proceeds from the sale of, such securities held in that client’s portfolio.

 
- 4 -

 

CUSIP No. 22765Y104
 
Page 5 of 6 Pages


Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company.

N/A

Item 8.
Identification and Classification of Members of the Group.

N/A

Item 9.
Notice of Dissolution of Group.

N/A

Item 10.
Certifications.

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

 
- 5 -

 

CUSIP No. 22765Y104
 
Page 6 of 6 Pages


SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth on this statement is true, complete and correct.



Chickasaw Capital Management, LLC


January 24, 2013                                                                                                            
Date

/s/ Debra McAdoo                                                                                                       
Signature

Debra McAdoo, Chief Compliance Officer
Name/Title

 

 
- 6 -