4//SEC Filing
Herschmann Eric D 4
Accession 0001140361-11-042789
CIK 0000203248other
Filed
Aug 17, 8:00 PM ET
Accepted
Aug 18, 6:02 PM ET
Size
17.4 KB
Accession
0001140361-11-042789
Insider Transaction Report
Form 4
Herschmann Eric D
President and COO
Transactions
- Gift
Common Stock
2011-08-17−2,500→ 552,591.1 total
Holdings
- 292,934
Employee Stock Option (right to purchase)
Exercise: $12.55Exp: 2018-12-15→ Common Stock (292,934 underlying) - 140,107
Employee Stock Option (right to purchase)
Exercise: $21.64Exp: 2019-12-15→ Common Stock (140,107 underlying) - 15,100(indirect: By Children)
Common Stock
- 262,500
Employee Stock Option (right to purchase)
Exercise: $23.62Exp: 2015-06-27→ Common Stock (262,500 underlying) - 275,629
Employee Stock Option (right to purchase)
Exercise: $28.48Exp: 2017-12-17→ Common Stock (275,629 underlying) - 114,598
Employee Stock Option (right to purchase)
Exercise: $24.80Exp: 2020-12-13→ Common Stock (114,598 underlying) - 100,000
Employee Stock Option (right to purchase)
Exercise: $23.63Exp: 2015-12-30→ Common Stock (100,000 underlying)
Footnotes (9)
- [F1]On August 17, 2011, the Reporting Person made a charitable contribution of 2,500 shares. Such bona fide gift was made after notice to Energy Transfer Equity, L.P. ("ETE") pursuant to that Second Amended and Restated Support Agreement by and between the Reporting Person and ETE dated as of July 19, 2011 and filed as a part of Exhibit 2.1 to the Company's Current Report on Form 8-K filed with the SEC on July 20, 2011.
- [F2]This share amount includes 103,457 restricted shares awarded to the Reporting person on December 13, 2010 ("Grant Date 2010"). The restrictions on the restricted stock will expire in equal installments on the first, second and third anniversaries of Grant Date 2010. 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.
- [F3]This share amount includes 119,743 restricted shares awarded to the Reporting person on December 15, 2009 ("Grant Date 2009"). 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. To date, restrictions on 39,914 restricted shares have expired.
- [F4]This share amount includes 207,066 restricted shares awarded for the Reporting Person on December 15, 2008 ("Grant Date 2008"). 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. To date, restrictions on 138,044 restricted shares awarded on Grant Date 2008 have expired.
- [F5]The Reporting Person may be deemed to hold indirectly 15,100 shares owned by his minor children; however, the Reporting Person disclaims any beneficial ownership of these shares, except to the extent of his pecuniary interest therein.
- [F6]These options are fully vested and currently exercisable. The expiration of these stock options shall not be accelerated.
- [F7]Each stock option was awarded at an exercise price of $12.55 per share, which was equal to the closing price on Grant Date 2008. The stock options awarded will vest in equal increments on the first, second and third anniversaries of Grant Date 2008. The vesting of these options will be accelerated in the event of (i) a change of control of the Company or (ii) the death, disability or termination of employment 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, 195,289 stock options have vested and are exerciseable.
- [F8]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. To date, 46,702 stock options have vested and are exerciseable.
- [F9]Each stock option was awarded at an exercise price of $24.80 per share, which price is equal to the closing price on 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.
Documents
Issuer
SOUTHERN UNION CO
CIK 0000203248
Entity typeother
Related Parties
1- filerCIK 0001315134
Filing Metadata
- Form type
- 4
- Filed
- Aug 17, 8:00 PM ET
- Accepted
- Aug 18, 6:02 PM ET
- Size
- 17.4 KB