Farrell Roger A. 4
4 · SOUTHERN UNION CO · Filed Dec 14, 2010
Insider Transaction Report
Form 4
Farrell Roger A.
SVP, Midstream Operations
Transactions
- Award
Cash Restricted Units
2010-12-13+7,261→ 7,261 total→ Common Stock (7,261 underlying) - Award
Stock Appreciation Rights
2010-12-13+24,126→ 24,126 totalExercise: $24.80Exp: 2020-12-13→ Common Stock (24,126 underlying)
Holdings
- 4,202
Cash Restricted Units
Exp: 2019-12-15→ Common Stock (4,202 underlying) - 14,749
Stock Appreciation Rights
Exercise: $21.64Exp: 2019-12-15→ Common Stock (14,749 underlying) - 9,200
Common Stock
- 20,071
Stock Appreciation Rights
Exercise: $12.55Exp: 2018-12-15→ Common Stock (20,071 underlying) - 3,256
Cash Restricted Units
→ Common Stock (3,256 underlying)
Footnotes (6)
- [F1]4,884 cash restricted units were awarded to the Reporting Person on December 15, 2008 (the "Grant Date"). The cash restricted units permit the Reporting Person 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 sock valued at the closing price of the Company's common stock on such dates. Restrictions on the award expire in equal installments on the first, second and third anniversaries of Grant Date 2008. To date, restrictions have expired on 1,628 cash restricted units. Restrictions on an additional 1,628 cash restricted units will expire on December 15, 2010.
- [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 will vest in equal installments on the first, second and third anniversaries of Grant Date 2008. To date 6,690 stock appreciation rights have vested and are exerciseable. An additional 6,690 stock appreciation rights will vest on December 15, 2010.
- [F3]4,202 cash restricted units were awarded to the Reporting Person on December 15, 2009 (the "Grant Date"). The cash restricted units permit the Reporting Person 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 sock valued at the closing price of the Company's common stock on such dates. Restrictions on each award expire in equal installments on the first, second and third anniversaries of Grant Date 2009. Restrictions on 1,400 cash restricted units will expire on December 15, 2010.
- [F4]Stock appreciation rights will be settled in shares of common stock at an exercise price of $21.64 per share, which was equal to the closing price on the Grant Date. The award will vest in equal installments on the first, second and third anniversaries of Grant Date 2009. 4,916 stock appreciation rights will vest on December 15, 2010.
- [F5]7,261 cash restricted units were awarded to the Reporting Person on December 13, 2010 (the "Grant Date"). The cash restricted units permit the Reporting Person 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 sock valued at the closing price of the Company's common stock on such dates. Restrictions on each award expire in equal installments on the first, second and third anniversaries of Grant Date 2010.
- [F6]Stock appreciation rights will be settled in shares of common stock at an exercise price of $24.80 per share, which was equal to the closing price on Grant Date 2010. The award will vest in equal installments on the first, second and third anniversaries of Grant Date 2010.