SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
  
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
OGLESBY JAMES H

(Last) (First) (Middle)
C/O SOUTHERN UNION COMPANY
ONE PEI CENTER

(Street)
WILKES-BARRE PA 18711

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
SOUTHERN UNION CO [ SUG ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
President of Division
3. Date of Earliest Transaction (Month/Day/Year)
06/29/2005
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 06/29/2005 M 5,279 A $13.27 5,279(1) D
Common Stock 06/29/2005 S 5,279 D $24.73 0(1) D
Common Stock 06/29/2005 M 9,574 A $14.18 9,574(1) D
Common Stock 06/29/2005 S 9,574 D $24.73 0(1) D
Common Stock 06/29/2005 M 7,293 A $15.38 7,293(1) D
Common Stock 06/29/2005 S 7,293 D $24.73 0(1) D
Common Stock 06/29/2005 M 3,714 A $15.32 3,714(1) D
Common Stock 06/29/2005 S 3,714 D $24.73 0(1) D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Options (Right to Purchase) $13.27 06/29/2005 M 5,279 06/22/2003 06/22/2008 Common Stock 5,279 $13.27 0 D
Employee Stock Options (Right to Purchase) $14.18 06/29/2005 M 9,574 12/09/2004 12/09/2009 Common Stock 9,574 $14.18 0 D
Employee Stock Options (Right to Purchase) $15.38 06/29/2005 M 7,293 07/01/2004 06/05/2011 Common Stock 12,156 $15.38 4,863(2) D
Employee Stock Options (Right to Purchase) $15.32 06/29/2005 M 3,714 04/01/2004 03/07/2012 Common Stock 6,643 $15.32 2,929(3) D
Explanation of Responses:
1. The Reporting Person also indirectly owns 3,977 shares of common stock through the Issuer?s 401 (K) Plan and indirectly owns 16,262 shares of common stock through the Issuer's Supplemental Plan.
2. For the remaining 4,863 options, 2,431 are exercisable on July 1, 2005 and 2,432 are exercisable on July 1, 2006.
3. For the remaining 2,929 options, 2,383 are exercisable and 546 are exercisable on April 1, 2006.
Remarks:
Dennis K. Morgan for James H. Oglesby 06/30/2005
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.