Herschmann Eric D 4
4 · SOUTHERN UNION CO · Filed Mar 28, 2012
Insider Transaction Report
Form 4
Herschmann Eric D
President and COO
Transactions
- Disposition to Issuer
Common Stock
2012-03-26−22,840→ 0 total(indirect: By Foundation) - Disposition to Issuer
Employee Stock Option (right to purchase)
2012-03-26−292,934→ 0 totalExercise: $12.55→ Common Stock (292,934 underlying) - Disposition to Issuer
Employee Stock Option (right to purchase)
2012-03-26−140,107→ 0 totalExercise: $21.64→ Common Stock (140,107 underlying) - Disposition to Issuer
Employee Stock Option (right to purchase)
2012-03-26−275,629→ 0 totalExercise: $28.48→ Common Stock (275,629 underlying) - Disposition to Issuer
Common Stock
2012-03-26−362,489.1→ 0 total - Disposition to Issuer
Common Stock
2012-03-26−21,200→ 0 total(indirect: By Children) - Disposition to Issuer
Common Stock
2012-03-26−108,887→ 0 total - Disposition to Issuer
Employee Stock Option (right to purchase)
2012-03-26−100,000→ 0 totalExercise: $23.63→ Common Stock (100,000 underlying) - Disposition to Issuer
Employee Stock Option (right to purchase)
2012-03-26−262,500→ 0 totalExercise: $23.62→ Common Stock (262,500 underlying) - Disposition to Issuer
Employee Stock Option (right to purchase)
2012-03-26−114,598→ 0 totalExercise: $24.80→ Common Stock (114,598 underlying) - Disposition to Issuer
Cash Restricted Stock Units
2012-03-26−71,293→ 0 total→ Common Stock (71,293 underlying)
Footnotes (4)
- [F1]Disposed of pursuant to the Second Amended and Restated Agreement and Plan of Merger, dated as of July 19, 2011, as amended, among Southern Union Company, Energy Transfer Equity, L.P., ("ETE") and Sigma Acquisition Corporation in exchange for one ETE common unit per share. The closing price of an ETE common unit on March 26, 2012, was $41.32 per share.
- [F2]Disposed of pursuant to the Second Amended and Restated Agreement and Plan of Merger, dated as of July 19, 2011, as amended, among Southern Union Company, Energy Transfer Equity, L.P., ("ETE") and Sigma Acquisition Corporation. These shares of restricted stock were disposed of in exchange for ETE common units less 39,689 shares withheld for taxes.
- [F3]Disposed of pursuant to the Second Amended and Restated Agreement and Plan of Merger, dated as of July 19, 2011, as amended, among Southern Union Company, Energy Transfer Equity, L.P., ("ETE") and Sigma Acquisition Corporation. Each stock option was converted into the right to receive an amount in cash equal to $44.25 less (i) the applicable exercise price and (ii) any applicable deductions and withholdings required by law.
- [F4]Disposed of pursuant to the Second Amended and Restated Agreement and Plan of Merger, dated as of July 19, 2011, as amended, among Southern Union Company, Energy Transfer Equity, L.P., ("ETE") and Sigma Acquisition Corporation. Each cash restricted stock unit was converted into the right to receive a lump sum cash payment equal to (i) $44.25 per share, less (ii) any applicable deductions and withholdings required by law.