SOUTHERN UNION CO 4
4 · SOUTHERN UNION CO · Filed Nov 13, 2006
Insider Transaction Report
Form 4
Scherer Allan D
Director
Transactions
- Award
Common Stock
2006-11-08$27.57/sh+5,000$137,825→ 5,000 total
Holdings
- 2,000
7.55% Noncumulative Preferred Stock, Series A
- 3,582(indirect: By Spouse)
Common Stock
- 4,488
Common Stock
Footnotes (3)
- [F1]The grant of shares was adopted by the Compensation Committee of the Board of Directors on May 1, 2006, to be effective on the later of the approval of certain amendments to the Southern Union Company Second Amended and Restated 2003 Stock and Incentive Plan by the Massachusetts Department of Telecommunications and Energy (MDTE) and the filing of a Form S-8 with the Securities and Exchange Commission (SEC). MDTE approval was received on October 13, 2006 and the Form S-8 was filed with the SEC on November 8, 2006. As such, this grant of shares became effective on November 8. The restrictions on the shares associated with this grant expire on January 2, 2007.
- [F2]Of these shares, the Reporting Person owns 4,252 jointly with his spouse; however, the Reporting Person disclaims beneficial ownership in such shares except to the extent of his pecuniary interest therein.
- [F3]The Reporting Person owns these shares jointly with his spouse; however, the Reporting Person disclaims beneficial ownership in such shares except to the extent of his pecuniary interest therein.