4//SEC Filing
Aldrich George E 4
Accession 0001140361-12-002082
CIK 0000203248other
Filed
Jan 10, 7:00 PM ET
Accepted
Jan 11, 7:32 PM ET
Size
23.5 KB
Accession
0001140361-12-002082
Insider Transaction Report
Form 4
Aldrich George E
V.P. - Controller & CAO
Transactions
- Other
Common Stock
2012-01-09$42.26/sh−675.3$28,540→ 0 total(indirect: By 401(k))
Holdings
- 35,124
Stock Appreciation Rights
Exercise: $12.55Exp: 2018-12-15→ Common Stock (35,124 underlying) - 3,455
Cash Restricted Stock Units
→ Common Stock (3,455 underlying) - 29,014
Stock Appreciation Rights
Exercise: $28.48Exp: 2017-12-17→ Common Stock (29,014 underlying) - 2,849
Cash Restricted Stock Units
→ Common Stock (2,849 underlying) - 18,190
Stock Appreciation Rights
Exercise: $21.64Exp: 2019-12-15→ Common Stock (18,190 underlying) - 4,236
Cash Restricted Stock Units
→ Common Stock (4,236 underlying) - 14,074
Stock Appreciation Rights
Exercise: $24.80Exp: 2020-12-13→ Common Stock (14,074 underlying) - 5,347
Cash Restricted Stock Units
→ Common Stock (5,347 underlying) - 2,567
Common Stock
- 15,000
Employee Stock Option (right to purchase)
Exercise: $24.80Exp: 2015-09-02→ Common Stock (15,000 underlying) - 13,361
Stock Appreciation Rights
Exercise: $28.07Exp: 2016-12-28→ Common Stock (13,361 underlying)
Footnotes (11)
- [F1]On July 19, 2011, the Company entered into a Second Amended and Restated Agreement and Plan of Merger with Energy Transfer Equity, L.P. ("ETE") and Sigma Acquisition Corporation, a wholly-owned subsidiary of ETE, as amended by Amendment No. 1 to Agreement and Plan of Merger dated as of September 14, 2011 (the "Merger Agreement"). Pursuant to the Merger Agreement, ETE exercised its right to request that the Company eliminate from the Southern Union Savings Plan (the "Savings Plan") all shares of Company common stock. Accordingly, the trustee of the Savings Plan liquidated all shares of Company common stock held in the Savings Plan, including those held by the Reporting Person. The share price reflected represents the average sale price realized by the trustee of the Savings Plan in open market trading on all shares held in the Savings Plan.
- [F10]5,347 cash restricted stock units ("RSUs") were awarded to the Reporting Person on November 6, 2011 ("Grant Date 2011"). The RSUs were awarded in accordance with the Company's Third Amended and Restated 2003 Stock and Incentive Plan. The RSUs permit the Reporting Person to receive 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 the dates such restrictions expire. Restrictions on such award will expire in equal amounts on the first, second and third anniversaries of Grant Date 2011, unless the restrictions are earlier terminated in accordance with the Plan or the applicable award agreement.
- [F11]On July 19, 2011, the Company entered into a Second Amended and Restated Agreement and Plan of Merger with Energy Transfer Equity, L.P. ("ETE") and Sigma Acquisition Corporation, a wholly-owned subsidiary of ETE ("Merger Sub") (as amended by Amendment No. 1 to Agreement and Plan of Merger dated as of September 14, 2011, the "Merger Agreement"). The RSUs awarded to the Reporting Person will be treated in accordance with the terms and conditions of the Merger Agreement. The Merger Agreement is available in its entirety as Annex A to the Company's definitive Proxy Statement filed with the SEC on October 27, 2011.
- [F2]These options are fully vested and exercisable.
- [F3]Stock appreciation rights will be settled in shares of common stock at an exercise price of $28.48 per share, which was equal to the closing price on Grant Date 2007. The award will vest in equal installments on the first, second and third anniversaries of Grant Date 2007. To date, 19,342 stock appreciation rights are currently vested and exercisable. The remaining 9,672 stock appreciation rights will vest on December 17, 2010.
- [F4]8,546 cash restricted stock units were awarded to the Reporting Person on December 15, 2008 ("Grant Date 2008"). 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 stock 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 2008. To date, restrictions on 2,848 cash restricted stock units have expired. Restrictions on an additional 2,849 cash restricted units will expire on December 15, 2010.
- [F5]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 Grant Date 2008. The award vests in equal installments on the first, second and third anniversaries of Grant Date 2008. To date 11,708 stock appreciation right are currently vested and exercisable. An additional 11,708 stock appreciation rights will vest on December 15, 2010.
- [F6]5,182 cash restricted stock units were awarded to the Reporting Person on December 15, 2009 ("Grant Date 2009"). The cash restricted stock 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 stock 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 1,727 cash restriced stock units will expire on December 15, 2010.
- [F7]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 Grant Date 2009. The award vests in equal installments on the first, second and third anniversaries of Grant Date 2009.
- [F8]4,236 cash restricted stock units were awarded to the Reporting Person on December 13, 2010 ("Grant Date 2010"). The cash restricted stock 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 stock 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.
- [F9]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 vests in equal installments on the first, second and third anniversaries of Grant Date 2010.
Documents
Issuer
SOUTHERN UNION CO
CIK 0000203248
Entity typeother
Related Parties
1- filerCIK 0001338069
Filing Metadata
- Form type
- 4
- Filed
- Jan 10, 7:00 PM ET
- Accepted
- Jan 11, 7:32 PM ET
- Size
- 23.5 KB