SOUTHERN UNION CO 4
4 · SOUTHERN UNION CO · Filed Jan 19, 2012
Insider Transaction Report
Form 4
ROUNTREE GEORGE III
Director
Transactions
- Gift
Common Stock
2012-01-17−800→ 73,847.1 total
Holdings
- 10,753
Stock Options (right to purchase)
Exercise: $28.49Exp: 2021-05-04→ Common Stock (10,753 underlying) - 10,940
Stock Options (right to purchase)
Exercise: $25.60Exp: 2020-05-04→ Common Stock (10,940 underlying) - 43,886.384(indirect: Directors' Deferred Compensation Plan)
Common Stock
- 14,815
Stock Options (right to purchase)
Exercise: $16.98Exp: 2019-05-28→ Common Stock (14,815 underlying) - 6,841.175(indirect: By Spouse)
Common Stock
Footnotes (5)
- [F1]The transaction was a bona fide gift, as such, no price is required.
- [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 beneficial 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]The options are fully vested and exercisable.