-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, H9ReB+bLBYXhwAtAOKTRCjAG5US6u1aZyd09frIg2WgRnMLrkjQtEJSXEjURSrSl T29ZZuU+8P+S7pL5lzx+Eg== 0001104659-03-016722.txt : 20030820 0001104659-03-016722.hdr.sgml : 20030820 20030805183527 ACCESSION NUMBER: 0001104659-03-016722 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20030731 FILED AS OF DATE: 20030804 DATE AS OF CHANGE: 20030820 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: CROSSTEX ENERGY LP CENTRAL INDEX KEY: 0001179060 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] IRS NUMBER: 161616605 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 MAIL ADDRESS: STREET 1: 2501 CEDAR SPRINGS STREET 2: STE 600 CITY: DALLAS STATE: TX ZIP: 75201 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: SCOTT MICHAEL P CENTRAL INDEX KEY: 0001209819 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-50067 FILM NUMBER: 03824746 BUSINESS ADDRESS: STREET 1: C/O CROSSTEX ENERGY HOLDINGS 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 HOLDINGS INC STREET 2: 2501 CEDAR SPRINGS STE 600 CITY: DALLAS STATE: TX ZIP: 75201 4 1 a4.xml 4 X0201 4 2003-07-31 0 0001179060 CROSSTEX ENERGY LP XTEX 0001209819 SCOTT MICHAEL P C/O CROSSTEX ENERGY HOLDINGS INC 2501 CEDAR SPRINGS STE 600 DALLAS TX 75201 0 1 0 0 Senior VP Eng and Operat Common Units representing limited partnership interests 1162 I By Crosstex Energy Holdings Inc. Subordinated units representing limited partnership interest 0 Common units representing limited partnership interests 16292 16292 I By Crosstex Energy Holdings Inc. Restricted Units representing partnership interests 37.10 2003-07-31 4 A 0 4000 37.10 A Common units representing limited partnership interests 4000 4000 D Employee Stock Option (right to buy) 20.0 Common units representing limited partnership interests 12500 12500 D The common units representing limited partnership interests and subordinated units representing limited partnership interests were issued to Crosstex Energy Holdings Inc. upon the closing of the Issuer's initial public offering December 17, 2002. Michael P. Scott is the Executive Vice President--Engineering and Operations of Crosstex Energy GP, LLC, the general partner of Crosstex Energy GP, L.P., which is the general partner of the Issuer. Mr. Scott beneficially owns securities in Crosstex Energy Holdings Inc., representing approximately 0.35% of the voting power thereof. Crosstex Energy Holdings Inc., directly and indirectly, owns the general partner of the Issuer, which owns a 2% general partner interest in the Issuer. In addition, Crosstex Energy Holdings Inc. owns 333,000 of the Issuer's common units representing limited partner interests and 4,667,000 of the Issuer's subordinated units representing limited partnership interests. As a result, Michael P. Scott may be deemed to be the beneficial owner of a portion of the common units and subordinated units owned by Crosstex Energy Holdings Inc. These securities convert on a 1 for 1 basis. The subordination period will end once the financial tests are met in the Issuer's partnership agreement. When the subordination period ends, each remaining subordinated unit will convert into one common unit. 25% of these units will vest on each of the third and fourth anniversary of July 31, 2003, and the remaining 50% will vest on the fifth anniversary of July 31, 2003. This option vests in three equal installments on December 17, 2003, 2004, 2005. /s/ Michael P. Scott 2003-07-31 -----END PRIVACY-ENHANCED MESSAGE-----