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4//SEC Filing

LINDEMANN GEORGE L 4

Accession 0001140361-10-049609

CIK 0000203248other
View on SEC.govCompany Profile

Filed

Dec 13, 7:00 PM ET

Accepted

Dec 14, 7:22 PM ET

Size

16.9 KB

Accession

0001140361-10-049609

Insider Transaction Report

Form 4
Period: 2010-12-13
SOUTHERN UNION COSUG
LINDEMANN GEORGE L
DirectorChairman & CEO
Transactions
  • Award

    Employee Stock Options (right to purchase)

    2010-12-13+482,517→ 482,517 total
    Exercise: $24.80Exp: 2020-12-13→ Common Stock (482,517 underlying)
Holdings

  • Common Stock

    (indirect: By 401(k))
    26,753

  • Employee Stock Option (right to purchase)

    Exercise: $12.55Exp: 2018-12-15→ Common Stock (500,000 underlying)
    500,000

  • Common Stock

    (indirect: By Spouse)
    3,289,220

  • Common Stock

    (indirect: Issuer's Supplemental Deferred Compensation Plan)
    143,314.48

  • Employee Stock Options (right to purchase)

    Exercise: $21.64Exp: 2019-12-15→ Common Stock (464,176 underlying)
    464,176

  • Common Stock

    4,316,389

  • Employee Stock Option (right to purchase)

    Exercise: $28.48Exp: 2017-12-17→ Common Stock (441,469 underlying)
    441,469
Footnotes (10)
  • [F1]This amount reflects shares acquired from reinvested dividend proceeds awarded to the reporting Person as part of the Company's quarterly cash dividend. The Company makes separate filings for these dividend transactions.
  • [F10]Each stock option was awarded at an exercise price of $24.80 per share, which price is equal to the closing price on December 13, 2010 ("Grant Date 2010"). The options awarded will vest in equal installments on the first, second and third anniversaries of Grant Date 2010. The vesting of the options will be accelerated in the event of (i) a change of control of the Company or (ii) the death, disability or termination without cause of the Reporting Person. The expiration of the options shall not be accelerated, except in the event of a termination of employment with cause or by a voluntary termination of employment.
  • [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 sold discretion of the trustee, at such prices as were available in the open market at the time of such purchases.
  • [F3]On December 15, 2009 ("Grant Date 2009"), the Reporting Person was awarded a grant of 35,824 shares of restricted stock. The restrictions on the restricted stock will expire in equal installments on the first, second and third anniversaries of Grant Date 2009. The expiration of the restrictions on the restricted shares will be accelerated upon (i) a change in control of the Company or (ii) the death, disability or termination of employment without cause of the Reporting Person. Restrictions on 11,941 shares of the restricted stock will expire on December 15, 2010.
  • [F4]Includes 58,022 shares of restricted stock, which restrictions expire in full on December 17, 2012. The expiration of the restrictions on the restricted shares will be accelerated upon (i) a change in control of the Company or (ii) the death, disability or termination of employment without cause of the Reporting Person.
  • [F5]This information concerns shares held under the Issuer's 401(k) Plan. Information reported herein is based on a plan statement for the period ended December 31, 2009.
  • [F6]The Reporting Person disclaims beneficial interest in these shares except to the extent of his pecuniary interest therein.
  • [F7]Each stock option was awarded at an exercise price of $28.48 per share, which price is equal to the closing price on December 17, 2007 ("Grant Date 2007"). The options will vest in full on the fifth anniversary of Grant Date 2007. The vesting of the options will be accelerated in the event of (i) a change of control of the Company or (ii) the death, disability or termination without cause of the Reporting Person. The expiration of the options shall not be accelerated, except in the event of a termination of employment with cause or by a voluntary termination of employment.
  • [F8]Each stock option was awarded at an exercise price of $12.55 per share, which price is equal to the closing price on December 15, 2008 ("Grant Date 2008"). The options awarded will vest in equal installments on the first, second and third anniversaries of Grant Date 2008. The vesting of the options will be accelerated in the event of (i) a change of control of the Company or (ii) the death, disability or termination without cause of the Reporting Person. The expiration of the options shall not be accelerated, except in the event of a termination of employment with cause or by a voluntary termination of employment. To date, 166,666 options are fully vested and exerciseable. An additional 166,667 options will vest on December 15, 2010.
  • [F9]Each stock option was awarded at an exercise price of $21.64 per share, which price is equal to the closing price on Grant Date 2009. The options awarded will vest in equal installments on the first, second and third anniversaries 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, disability or termination without cause of the Reporting Person. The expiration of the options shall not be accelerated, except in the event of a termination of employment with cause or by a voluntary termination of employment. 154,725 options of the award will vest on December 15, 2010.

Documents

1 file

Issuer

SOUTHERN UNION CO

CIK 0000203248

→
Entity typeother

Related Parties

1
  • filerCIK 0000897631

Filing Metadata

Form type
4
Filed
Dec 13, 7:00 PM ET
Accepted
Dec 14, 7:22 PM ET
Size
16.9 KB
View on SEC.gov