Gallagher Hugh J. 4/A
4/A · UGI CORP /PA/ · Filed Dec 3, 2019
Insider Transaction Report
Form 4/AAmended
Gallagher Hugh J.
President & CEO of Subsidiary
Transactions
- Award
Restricted Stock Unit
2019-08-21+24,147→ 24,147 total→ UGI Common Stock (24,147 underlying)
Footnotes (4)
- [F1]Each restricted stock unit is the economic equivalent of one UGI share and will be settled in cash.
- [F2]The reporting person is amending the Form 4 originally filed on August 23, 2019 to correct an administrative error in the number of securities held by the reporting person.
- [F3]The units will vest over a period of up to three years following the date hereof and have no expiration date.
- [F4]Under the Agreement and Plan of Merger dated as of 4/1/19 ("Merger Agreement") by and among UGI, AmeriGas Partners, L.P. ("APU") and the other parties thereto, on 8/21/19 (the "Effective Time"), each APU common unit ("AmeriGas Units") was automatically converted into the right to receive, at the election of each holder, but subject to any applicable withholding tax and the proration under the Merger Agreement one of the following forms of consideration: (i)0.6378 ("Multiplier") shares of UGI common stock; (ii) $7.63 in cash, without interest and 0.500 UGI Shares; or (iii) $35.325 in cash, without interest. In addition, APU performance units and restricted units issued to the reporting person under the AmeriGas Propane, Inc. long-term incentive plan was, at the Effective Time, cancelled and converted into a number of UGI restricted stock units as set forth in greater detail in the Merger Agreement.