SOUTHERN UNION CO 4
4 · SOUTHERN UNION CO · Filed Jan 3, 2007
Insider Transaction Report
Form 4
MORGAN DENNIS K
EVP Regulatory & Litigation
Transactions
- Award
Cash Restricted Units
2006-12-28+1,871→ 1,871 total→ Common Stock (1,871 underlying) - Award
Stock Appreciation Rights
2006-12-28+5,938→ 5,938 totalExercise: $28.07Exp: 2016-12-27→ Common Stock (5,938 underlying)
Holdings
- 208.15
Common Stock
- 17,640
Employee Stock Option (right to purchase)
Exercise: $16.83Exp: 2014-02-06→ Common Stock (17,640 underlying) - 10,212
Employee Stock Option (right to purchase)
Exercise: $14.65From: 2006-07-01Exp: 2011-06-05→ Common Stock (10,212 underlying) - 37,140.146(indirect: Supplemental Deferred Compensation Plan)
Common Stock
- 18,076.677(indirect: By 401(k))
Common Stock
Footnotes (5)
- [F1]This information concerns shares held under the Issuer's 401(k) Plan. This report reflects shares purchased for the plan by the plan trustee, at the sole discretion of the trustee, at such prices as were available in the open market at the time of such purchases. Information reported herein is based on a plan statement for the period ended December 31, 2005.
- [F2]This information concerns shares held under the Issuer's Supplemental Deferred Compensation Plan. This report reflects shares purchased for the plan by the plan trustee, at the sole discretion of the trustee, at such prices as were available in the open market at the time of such purchases. Information reported herein is based on a plan statement for the period ended December 31, 2005.
- [F3]The cash restricted units awarded on December 28, 2006 (the "Grant Date") permit the recipient to receive, on predetermined dates upon expiration of applicable restrictions, cash in an amount equal to a specified number of shares of the Company?s common stock valued at the closing price of the Company?s common stock on such dates. Restrictions on each award will expire in equal annual installments on the first, second and third anniversaries of the Grant Date.
- [F4]Stock appreciation rights will be settled in shares of common stock at an exercise price of $28.07 per share, which was equal to the closing price on the Grant Date. The award will vest in equal annual installments on the first, second and third anniversaries of the Grant Date.
- [F5]Of these options, 4,410 became exercisable on March 1, 2006. The remaining options become exercisable in increments of 4,410 annually on March 1.