-----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, A+tEySLtFds7caXYq62SNTQ3znwtXPQYnQIWJtQEV6m3/B6TRKwppaREmEuwsfrr ZM855t98GBv8WVZS8MWNuw== 0001140361-08-028174.txt : 20081217 0001140361-08-028174.hdr.sgml : 20081217 20081217185402 ACCESSION NUMBER: 0001140361-08-028174 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20081215 FILED AS OF DATE: 20081217 DATE AS OF CHANGE: 20081217 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: SOUTHERN UNION CO CENTRAL INDEX KEY: 0000203248 STANDARD INDUSTRIAL CLASSIFICATION: NATURAL GAS TRANSMISSION [4922] 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: 081256070 BUSINESS ADDRESS: BUSINESS PHONE: 713-989-2000 MAIL ADDRESS: STREET 1: C/O SOUTHERN UNION COMPANY STREET 2: 5444 WESTHEIMER ROAD CITY: HOUSTON STATE: TX ZIP: 77056 4 1 doc1.xml FORM 4 X0303 4 2008-12-15 0 0000203248 SOUTHERN UNION CO SUG 0001315134 Herschmann Eric D 5444 WESTHEIMER ROAD HOUSTON TX 77056-5306 0 1 0 0 President & COO Common Stock 222534.10 D Common Stock 2068.5 I Owned by Children Common Stock (Restricted) 2008-12-15 4 A 0 207066 12.55 A 207066 D Employee Stock Option (right to purchase) 23.6191 2015-06-27 Common Stock 262500 262500 D Employee Stock Option (right to purchase) 23.63 2015-12-30 Common Stock 100000 100000 D Employee Stock Option (right to purchase) 28.48 2017-12-17 Common Stock 275629 275629 D Employee Stock Option (right to purchase) 12.55 2008-12-15 4 A 0 207066 A 2018-12-15 Common Stock 207066 207066 D The Reporting Person's holding is 2,285 shares less than previously reported; the 2,285 shares were given as bona fide gifts in April and June of 2007. Such gifts were reported on the Reporting Person's Form 5 filed on February 14, 2008. 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. Restrictions on this award will expire in equal increments on the first, second and third anniversaries of December 15, 2008 ("Grant Date 2008"). 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 December 17, 2007 ("Grant Date 2007"). The award will vest in equal annual installments on the first, second and third anniversaries of Grant Date 2007. The vesting of these stock appreciation rights will be accelerated in the event of a change of control of the Company. The vesting of these options will be accelerated in the event of (i) a change of control of the Company; or (ii) the death, disability or termination of employment without cause of the Reporting Person. Each stock option was awarded at an exercise price of $12.55 per share, which was equal to the closing price on December 15, 2008 ("Grant Date 2008"). The options awarded will vest in equal increments on the first, second and third anniversaries of Grant Date 2008. The vesting of these options will be accelerated in the event of (i) a change of control of the Company or (ii) the death, disability or termination of employment without cause of the Reporting Person. Robert M. Kerrigan, III for Eric D. Herschmann 2008-12-17 -----END PRIVACY-ENHANCED MESSAGE-----