0001140361-11-021680.txt : 20110411
0001140361-11-021680.hdr.sgml : 20110408
20110411200212
ACCESSION NUMBER: 0001140361-11-021680
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20110408
FILED AS OF DATE: 20110411
DATE AS OF CHANGE: 20110411
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: LINDEMANN GEORGE L
CENTRAL INDEX KEY: 0000897631
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-06407
FILM NUMBER: 11753644
MAIL ADDRESS:
STREET 1: 767 FIFTH AVENUE
STREET 2: 50TH FLOOR
CITY: NEW YORK
STATE: NY
ZIP: 10153
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
4
1
doc1.xml
FORM 4
X0303
4
2011-04-08
0
0000203248
SOUTHERN UNION CO
SUG
0000897631
LINDEMANN GEORGE L
5444 WESTHEIMER ROAD
HOUSTON
TX
77056-5306
1
1
0
0
Chairman & CEO
Common Stock
2011-04-08
4
A
0
762.7963
28.46
A
144888.3257
I
Issuer's Supplemental Deferred Compensation Plan
Common Stock
4310870
D
Common Stock
29870.407
I
401(K) Plan
Common Stock
3289220
I
Owned by Spouse
Employee Stock Option (right to purchase)
28.48
2017-12-17
Common Stock
441469
441469
D
Employee Stock Option (right to purchase)
12.55
2018-12-15
Common Stock
500000
500000
D
Employee Stock Options (right to purchase)
21.64
2019-12-15
Common Stock
464176
464176
D
Employee Stock Options (right to purchase)
24.80
2020-12-13
Common Stock
482517
482517
D
This amount reflects shares acquired from reinvested dividend proceeds awarded to the reporting Person as part of the Company's quarterly cash dividend. The Company makes separate filings for these dividend transactions.
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 sold discretion of the trustee, at such prices as were available in the open market at the time of such purchases.
On December 15, 2010, restrictions expired on 11,941 restricted shares awarded to the Reporting Person on Grant Date 2009. To cover the cost of the taxes associated with the expiration of the restrictions on the shares 5,519 were withheld. The Reporting Person held the remaining 6,422 shares.
On December 15, 2009 ("Grant Date 2009"), the Reporting Person was awarded a grant of 35,824 shares of restricted stock. The restrictions on the restricted stock will expire in equal installments on the first, second and third anniversaries of Grant Date 2009. The expiration of the restrictions on the restricted shares will be accelerated upon (i) a change in control of the Company or (ii) the death, disability or termination of employment without cause of the Reporting Person. To date, 11,941 restricted shares awarded on Grant Date 2009 have expired.
Includes 58,022 shares of restricted stock, which restrictions expire in full on December 17, 2012. The expiration of the restrictions on the restricted shares will be accelerated upon (i) a change in control of the Company or (ii) the death, disability or termination of employment without cause of the Reporting Person.
This information concerns shares held under the Issuer's 401(k) Plan. Information reported herein is based on a plan statement for the period ended December 31, 2010.
The Reporting Person disclaims beneficial interest in these shares except to the extent of his pecuniary interest therein.
Each stock option was awarded at an exercise price of $28.48 per share, which price is equal to the closing price on December 17, 2007 ("Grant Date 2007"). The options will vest in full on the fifth anniversary of Grant Date 2007. The vesting of the options will be accelerated in the event of (i) a change of control of the Company or (ii) the death, disability or termination without cause of the Reporting Person. The expiration of the options shall not be accelerated, except in the event of a termination of employment with cause or by a voluntary termination of employment.
Each stock option was awarded at an exercise price of $12.55 per share, which price is equal to the closing price on December 15, 2008 ("Grant Date 2008"). The options awarded will vest in equal installments on the first, second and third anniversaries of Grant Date 2008. The vesting of the options will be accelerated in the event of (i) a change of control of the Company or (ii) the death, disability or termination without cause of the Reporting Person. The expiration of the options shall not be accelerated, except in the event of a termination of employment with cause or by a voluntary termination of employment. To date, 333,333 options are fully vested and exerciseable.
Each stock option was awarded at an exercise price of $21.64 per share, which price is equal to the closing price on Grant Date 2009. The options awarded will vest in equal installments on the first, second and third anniversaries of Grant Date 2009. The vesting of the options will be accelerated in the event of (i) a change of control of the Company or (ii) the death, disability or termination without cause of the Reporting Person. The expiration of the options shall not be accelerated, except in the event of a termination of employment with cause or by a voluntary termination of employment. 154,725 options of the award are fully vested and exerciseable.
Each stock option was awarded at an exercise price of $24.80 per share, which price is equal to the closing price on December 13, 2010 ("Grant Date 2010"). The vesting of the options will be accelerated in the event of (i) a change of control of the Company or (ii) the death, disability or termination without cause of the Reporting Person. The expiration of the options shall not be accelerated, except in the event of a termination of employment with cause or by a voluntary termination of employment.
Robert M. Kerrigan, III for George L. Lindemann
2011-04-08