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Filing Details

Accession Number:: 0001181431-10-029601
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2010-05-26 13:00:00
Reporting Period:: 2010-05-24

Filing Date:: 2010-05-26
Accepted Time:: 2010-05-26 19:29:46
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1179060	Crosstex Energy Lp	XTEX	Wholesale-Petroleum & Petroleum Products (No Bulk Stations) (5172)	161616605

Insiders

Cik	Name	Reported Address	Director	Officer	Large Shareholder	Other
1393818	L.p. Group Blackstone	345 Park Avenue New York NY 10017	No	No	Yes	No
1394688	I Douglas Ostrover	C/O Gso Capital Partners Lp 280 Park Avenue, 11Th Floor New York NY 10017	No	No	Yes	No
1394690	Iii Albert J Smith	C/O Gso Capital Partners Lp 280 Park Avenue, 11Th Floor New York NY 10017	No	No	Yes	No
1394691	J Bennett Goodman	C/O Gso Capital Partners Lp 280 Park Avenue, 11Th Floor New York NY 10017	No	No	Yes	No
1464694	L.p. I Holdings Blackstone	C/O Gso Capital Partners Lp 280 Park Avenue, 11Th Floor New York NY 10017	No	No	Yes	No
1464695	Blackstone Holdings I/Ii Gp Inc	C/O The Blackstone Group 345 Park Avenue New York NY 10017	No	No	Yes	No
1464972	Blackstone / Gso Capital Solutions Fund Lp	C/O Gso Capital Partners Lp 280 Park Avenue, 11Th Floor New York NY 10017	No	No	Yes	No
1480959	Blackstone / Gso Capital Solutions Associates Llc	C/O Gso Capital Partners Lp 280 Park Avenue, 11Th Floor New York NY 10017	No	No	Yes	No
1481157	Gso Holdings I Llc	C/O The Blackstone Group 345 Park Avenue New York NY 10017	No	No	Yes	No
1481158	Gso Crosstex Holdings Llc	C/O Gso Capital Partners Lp 280 Park Avenue New York NY 10017	No	No	Yes	No

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Units	Acquisiton	2010-05-24	200,000	$9.00	469,900	No	4	P	Indirect	See Footnotes
Common Units	Acquisiton	2010-05-25	54,900	$8.74	524,800	No	4	P	Indirect	See Footnotes

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Indirect	See Footnotes
No	4	P	Indirect	See Footnotes

Footnotes

GSO Crosstex Holdings LLC ("GSO Crosstex") holds 14,705,882 Series A Convertible Preferred Units ("Preferred Units") of Crosstex Energy, L.P. ("XTEX") convertible on a one-for one basis into Common Units ("Common Units)" of XTEX. Blackstone / GSO Capital Solutions Fund LP is the holder of a majority of the membership interests of GSO Crosstex. Blackstone / GSO Capital Solutions Associates LLC is the general partner of Blackstone / GSO Capital Solutions Fund LP. GSO Holdings I LLC is the managing member of Blackstone / GSO Capital Solutions Associates LLC. Blackstone Holdings I L.P. is the sole member of GSO Holdings I LLC. Blackstone Holdings I/II GP Inc. is the general partner of Blackstone Holdings I L.P. (Continued in footnote 2)
The Blackstone Group L.P. is the controlling shareholder of Blackstone Holdings I/II GP Inc. Blackstone Group Management L.L.C. is the general partner of The Blackstone Group L.P. Stephen A. Schwarzman is the founding member of Blackstone Group Management L.L.C. GSO Special Situations Fund LP directly holds 524,800 Common Units. GSO Capital Partners LP is the investment manager of GSO Special Situations Fund LP. GSO Advisor Holdings L.L.C. is the general partner of GSO Capital Partners LP. Blackstone Holdings I L.P. is the sole member of GSO Advisor Holdings L.L.C.
In addition, each of Bennett J. Goodman, J. Albert Smith III and Douglas I. Ostrover, each of whom serves as an executive of GSO Holdings I LLC, which is an affiliate of Blackstone / GSO Capital Solutions Associates LLC, may have shared investment control with respect to the Preferred Units held by GSO Crosstex.
Due to the limitations of the electronic filing system, GSO Special Situations Fund LP, GSO Capital Partners LP, GSO Advisor Holdings L.L.C., Blackstone Group Management L.L.C. and Mr. Stephen A. Schwarzman are filing a separate Form 4.
Information with respect to each of the Reporting Persons is given solely by such Reporting Persons, and no Reporting Person has responsibility for the accuracy or completeness of information supplied by another Reporting Person.
Each of the Reporting Persons, other than GSO Crosstex and GSO Special Situations Fund LP as to their direct holding of securities, disclaims beneficial ownership of the securities held by GSO Crosstex and GSO Special Situations Fund LP, except to the extent of such Reporting Person's pecuniary interest therein, and, pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, each of the Reporting Persons, other than GSO Crosstex and GSO Special Situations Fund LP as to their direct holding of securities, states that the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose.