-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, EsamW3MBRd+ws1lQtXZPiywpKQzdXedG4uj7cHfR6F/wP/SW2koyU6ma0rNi274R Lj64s8R6p9E3GjBNrQQTxw== 0001140361-08-004197.txt : 20080214 0001140361-08-004197.hdr.sgml : 20080214 20080214162133 ACCESSION NUMBER: 0001140361-08-004197 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20071231 FILED AS OF DATE: 20080214 DATE AS OF CHANGE: 20080214 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: SOUTHERN UNION CO CENTRAL INDEX KEY: 0000203248 STANDARD INDUSTRIAL CLASSIFICATION: NATURAL GAS DISTRIBUTION [4924] IRS NUMBER: 750571592 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 5444 WESTHEIMER RD CITY: HOUSTON STATE: TX ZIP: 77056-5306 BUSINESS PHONE: (713) 989-2000 MAIL ADDRESS: STREET 1: 5444 WESTHEIMER RD CITY: HOUSTON STATE: TX ZIP: 77056-5306 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Herschmann Eric D CENTRAL INDEX KEY: 0001315134 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-06407 FILM NUMBER: 08616382 BUSINESS ADDRESS: BUSINESS PHONE: 570-820-2400 MAIL ADDRESS: STREET 1: C/O SOUTHERN UNION COMPANY CITY: WILKES-BARRE STATE: PA ZIP: 18711 4 1 doc1.xml FORM 4 X0202 4 2007-12-31 0 0000203248 SOUTHERN UNION CO SUG 0001315134 Herschmann Eric D C/O SOUTHERN UNION COMPANY 417 LACKAWANNA AVENUE SCRANTON PA 18503 0 1 0 0 Senior EVP Common Stock 2007-04-30 4 G 0 1600 D 165197.1 D Common Stock 2007-06-29 4 G 0 685 D 164512.1 D Common Stock 2068.5 I Owned by Children Non-Statutory Stock Option 23.63 2015-12-30 Common Stock 100000 100000 D Non-Statutory Stock Option 23.6191 2005-06-27 2015-06-27 Common Stock 262500 262500 D Stock Appreciation Rights 28.48 Common Stock 275629 275629 D Cash Restricted Units Common Stock 58022 58022 D This transaction was a bona fide gift; as such, no price is required. The Reporting Person may be deemed to hold indirectly 2068.5 shares of common stock owned by his children; however, the Reporting Person hereby disclaims any beneficial interest in these shares, and this report shall not be deemed an admission that the reporting person is a beneficial owner of these shares for purposes of section 16 or any other purpose. These shares were awarded to Mr. Herschmann by the Compensation Committee of the Board of Directors and are governed by the terms and conditions of the Southern Union Company Amended and Restated 2003 Stock and Incentive Plan. These shares vested in full on May 16, 2006. These options have fully vested and are currently exercisable. 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 the Grant Date. The award will vest in equal annual installments on the first, second and third anniversaries of the Grant Date. The vesting of these stock appreciation rights will be accelerated in the event of a change of control of the Company. The cash restricted units awarded on December 17, 2007 (the "Grant Date") permit the recipient 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 will expire in equal annual installments on the first, second and third anniversaries of the Grant Date. Robert M. Kerrigan, III for Eric D. Herschmann 2008-02-14 -----END PRIVACY-ENHANCED MESSAGE-----