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
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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*
Hack Robert J

(Last) (First) (Middle)
5444 WESTHEIMER ROAD

(Street)
HOUSTON TX 77056-5306

(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)
COO of Division
3. Date of Earliest Transaction (Month/Day/Year)
12/15/2008
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 1,575(1) D
Common Stock 7,313.7866 I 401(k) Plan(2)
Common Stock 7,750.82 I Supplemental Deferred Compensation Plan(3)
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 Option (Right to purchase) $16.8255 (4) 02/06/2014 Common Stock 3,308 3,308 D
Employee Stock Option (Right to purchase) $24.0572 (5) 07/26/2015 Common Stock 768 768 D
Cash Restricted Units (6) (6) (6) Common Stock 3,273 3,273 D
Stock Appreciation Rights $28.07 (7) 12/28/2016 Common Stock 10,392 10,392 D
Cash Restricted Units (8) (8) (8) Common Stock 2,376 2,376 D
Stock Appreciation Rights $28.48 (9) 12/17/2017 Common Stock 16,925 16,925 D
Cash Restricted Units (10) 12/15/2008 A 8,546 (10) (10) Common Stock 8,546 (10) 8,546 D
Stock Appreciation Rights $12.55 12/15/2008 A 35,124 (11) 12/15/2018 Common Stock 35,124 (11) 35,124 D
Explanation of Responses:
1. Restrictions remain on 393 shares, which expire on July 26, 2009. The remaining shares are held directly.
2. This information concerns shares held under the Issuer's 401(k) Plan. This report reflects shares purchased for the plan by the plan trustee, at the sole discretion of the trustee, at such prices as were available in the open market at the time of such purchases. Information reported herein is based on a plan statement for the period ended December 31, 2007.
3. This information concerns shares held under the Issuer's Supplemental Deferred Compensation Plan. This report reflects shares purchased for the plan by the plan trustee, at the sole discretion of the trustee, at such prices as were available on the open market at the time of such purchases. Information reported herein is based on a plan statement for the period ended December 31, 2007.
4. The Reporting Person will become fully vested in 1,654 options on March 1, 2009. To date, 1,654 options are exercisable.
5. The Reporting Person will become fully vested in 256 options on July 26, 2009. The remaining 512 options are exercisable.
6. The cash restricted units awarded on December 28, 2006 ("Grant Date 2006") 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 prices 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 Grant Date 2006. To date, restrictions have lapsed on 1,091 units.
7. Stock appreciation rights will be settled in shares of common stock at an exercise price of $28.07 per share, which was equal to the closing price on Grant Date 2006. The award will vest in equal annual installments on the first, second and third anniversaries of Grant Date 2006. As such, 3,464 SARs are currently exercisable.
8. The cash restricted units awarded on December 17, 2007 ("Grant Date 2007") 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 Grant Date 2007. To date, restrictions have lapsed on 1,187 units.
9. 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 Grant Date 2007. The award will vest in equal annual installments on the first, second and third anniversaries of Grant Date 2007. As such, 5,641 SARs are currently exercisable.
10. The cash restricted units awarded on December 15, 2008 ("Grant Date 2008") 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 expire in equal annual installments on the first, second and third anniversaries of Grant Date 2008.
11. Stock appreciation rights will be settled in shares of common stock at an exercise price of $12.55 per share, which was equal to the closing price on Grant Date 2008. The award vests in equal annual installments on the first, second and third anniversaries of Grant Date 2008.
Remarks:
Robert M. Kerrigan, III for Robert J. Hack 12/15/2008
** 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).
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