4//SEC Filing
BEASLEY STEPHEN C 4
Accession 0001140361-09-013660
CIK 0000203248other
Filed
May 31, 8:00 PM ET
Accepted
Jun 1, 6:52 PM ET
Size
8.9 KB
Accession
0001140361-09-013660
Insider Transaction Report
Form 4
BEASLEY STEPHEN C
Director
Transactions
- Award
Common Stock
2009-05-28+1,000→ 1,000 total - Award
Stock Options (right to purchase)
2009-05-28+14,815→ 14,815 totalExercise: $16.98Exp: 2019-05-28→ Common Stock (14,815 underlying)
Holdings
- 1,000
Common Stock
Footnotes (3)
- [F1]The award of restricted shares was approved by the Board of Directors (the "Board") on May 28, 2009 ("Grant Date 2009"), upon a recommendation by the Compensation Committee and pursuant to the Southern Union Company Second Amended and Restated 2003 Stock and Incentive Plan(the "Plan").The restrictions on the shares associated with this award expire on January 4, 2010.
- [F2]The Reporting person owns these shares jointly with his spouse.
- [F3]Upon a recommendation by the Compensation Committee, the Company's Board approved an award of stock options pursuant to the Company's Plan. The stock options were awarded at an exercise price of $16.98 per share, which is equal to the closing price on Grant Date 2009. The options awarded will vest in full on January 4, 2010 and will remain exerciseable until the tenth anniversary of Grant Date 2009. The vesting of the options will be accelerated in the event of (i) a change of control of the Company or (ii) the death or disability of the Reporting Person.
Documents
Issuer
SOUTHERN UNION CO
CIK 0000203248
Entity typeother
Related Parties
1- filerCIK 0001326433
Filing Metadata
- Form type
- 4
- Filed
- May 31, 8:00 PM ET
- Accepted
- Jun 1, 6:52 PM ET
- Size
- 8.9 KB