4//SEC Filing
SOUTHERN UNION CO 4
Accession 0001140361-11-025780
CIK 0000203248operating
Filed
May 5, 8:00 PM ET
Accepted
May 6, 5:56 PM ET
Size
12.3 KB
Accession
0001140361-11-025780
Insider Transaction Report
Form 4
GITTER KURT A
Director
Transactions
- Award
Common Stock
2011-05-04+1,000→ 232,435 total - Award
Stock Options (right to purchase)
2011-05-04+10,753→ 10,753 totalExercise: $28.49Exp: 2021-05-04→ Common Stock (10,753 underlying)
Holdings
- 14,815
Stock Options (right to purchase)
Exercise: $16.98Exp: 2019-05-28→ Common Stock (14,815 underlying) - 51,995.405(indirect: Directors' Deferred Compensation Plan)
Common Stock
- 10,940
Stock Options (right to purchase)
Exercise: $25.60Exp: 2020-05-04→ Common Stock (10,940 underlying) - 6,728(indirect: Owned by Daughter)
Common Stock
Footnotes (5)
- [F1]The award of 1,000 shares of restricted stock was approved by the Compensation Committee of the Board of Directors (the "Compensation Committee") on May 4, 2011 ("Grant Date 2011") pursuant to the Southern Union Company Third Amended and Restated 2003 Stock and Incentive Plan (the "Plan"). The restrictions on the shares associated with this award expire on January 2, 2012. The expiration of the restrictions would be accelerated in the event of (i) a change of control of the Company or (ii) the death or disability of the Reporting Person.
- [F2]This information concerns shares held under the Issuer's Directors' Deferred Compensation Plan. This report reflects shares purchased for the plan by the plan trustee, at the sole discretion of the trustee, at such prices as were available on the open market at the time of such purchases. Information reported herein is based on a plan statement for the period ended December 31, 2010.
- [F3]The Reporting Person disclaims any beneficial ownership interest in these shares; except to the extent of his pecuniary interest therein.
- [F4]On May 4, 2011, the Compensation Committee approved an award of stock options pursuant to the Company's Plan. The stock options were awarded at an exercise price of $28.49 per share, which is equal to the closing price on Grant Date 2011. The options awarded will vest in full on January 2, 2012 and will remain exercisable until the tenth anniversary of Grant Date 2011. The vesting of the options would be accelerated in the event of (i) a change of control of the Company or(ii)the death or disability of the Reporting Person.
- [F5]These options are fully vested and exercisable.
Documents
Issuer
SOUTHERN UNION CO
CIK 0000203248
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000203248
Filing Metadata
- Form type
- 4
- Filed
- May 5, 8:00 PM ET
- Accepted
- May 6, 5:56 PM ET
- Size
- 12.3 KB