BEASLEY STEPHEN C 4
4 · SOUTHERN UNION CO · Filed Sep 2, 2009
Insider Transaction Report
Form 4
BEASLEY STEPHEN C
Director
Transactions
- Other
Common Stock
2009-08-31−1,000→ 0 total - Other
Stock Options (right to purchase)
2009-08-31−14,815→ 0 totalExercise: $16.98Exp: 2009-08-31→ Common Stock (0 underlying)
Holdings
- 1,000
Common Stock
Footnotes (3)
- [F1]The Reporting Person received an award of restricted shares on May 28, 2009 ("Grant Date 2009"), pursuant to the Southern Union Company Second Amended and Restated 2003 Stock and Incentive Plan(the "Plan"). However, by virtue of the Reporting Person's resignation from the Board of Directors prior to the date that the restrictions were scheduled to expire, the award was cancelled.
- [F2]The Reporting Person owns these shares jointly with his spouse.
- [F3]The Reporting Person received 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 were scheduled to vest in full on January 4, 2010. However, the award of options was cancelled as a result of the Reporting Person's resignation from the Board of Directors prior to the vesting of the options.