Farrell Roger A. 4
4 · SOUTHERN UNION CO · Filed Nov 10, 2009
Insider Transaction Report
Form 4
Farrell Roger A.
SVP, Midstream Operations
Transactions
- Award
Cash Restricted Units
2008-12-15+4,884→ 4,884 total→ Common Stock (4,884 underlying) - Purchase
Common Stock
2009-11-09$19.67/sh+3,000$59,004→ 3,000 total - Award
Stock Appreciation Rights
2008-12-15+20,071→ 20,071 totalExercise: $12.55Exp: 2018-12-15→ Common Stock (20,071 underlying)
Footnotes (2)
- [F1]The cash restricted units awarded on December 15, 2008 (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 expire in equal annual installments on the first, second and third anniversaries of the Grant Date.
- [F2]Stock appreciation rights will be settled in shares of common stock at an exercise price of $12.55 per share, which was equal to the closing price on the Grant Date. The award vests in equal annual installments on the first, second and third anniversaries of the Grant Date.