0001140361-11-025791.txt : 20110506 0001140361-11-025791.hdr.sgml : 20110506 20110506181621 ACCESSION NUMBER: 0001140361-11-025791 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20110504 FILED AS OF DATE: 20110506 DATE AS OF CHANGE: 20110506 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Scherer Allan D CENTRAL INDEX KEY: 0001348509 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-06407 FILM NUMBER: 11820996 MAIL ADDRESS: STREET 1: C/O SOUTHERN UNION COMPANY STREET 2: 5444 WESTHEIMER ROAD CITY: HOUSTON STATE: TX ZIP: 77056 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 2011-05-04 0 0000203248 SOUTHERN UNION CO SUG 0001348509 Scherer Allan D C/O SOUTHERN UNION COMPANY 5444 WESTHEIMER ROAD HOUSTON TX 77056-5306 1 0 0 0 Common Stock 2011-05-04 4 A 0 1000 A 24488 D Common Stock 3582 I Owned by Spouse Stock Options (right to purchase) 28.49 2011-05-04 4 A 0 10753 A 2021-05-04 Common Stock 10753 10753 D Stock options (right to purchase) 25.60 2020-05-04 Common Stock 10940 10940 D Stock Options (right to purchase) 16.98 2019-05-28 Common Stock 14815 14815 D The award of 1,000 shares of restricted stock was approved by the Compensation Committee of the Board of Directors (the "Compensation Committee") on May 4, 2011 ("Grant Date 2011") pursuant to the Southern Union Company Third Amended and Restated 2003 Stock and Incentive Plan(the "Plan"). The restrictions on the shares associated with this award expire on January 2, 2012. The expiration of the restrictions would be accelerated in the event of (i) a change of control of the Company or (ii) the death or disability of the Reporting Person. The Reporting Person disclaims beneficial ownership in such shares except to the extent of his pecuniary interest therein. On May 4, 2011, the Compensation Committee approved an award of stock options pursuant to the Company's Plan. The stock options were awarded at an exercise price of $28.49 per share, which is equal to the closing price on Grant Date 2011. The options awarded will vest in full on January 2, 2012 and will remain exercisable until the tenth anniversary of Grant Date 2011. The vesting of the options would be accelerated in the event of (i) a change of control of the Company or (ii) the death or disability of the Reporting Person. The options are fully vested and exercisable. Robert M. Kerrigan, III for Allan D. Scherer 2011-05-06