0001140361-11-052456.txt : 20111108
0001140361-11-052456.hdr.sgml : 20111108
20111108215327
ACCESSION NUMBER: 0001140361-11-052456
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20111106
FILED AS OF DATE: 20111108
DATE AS OF CHANGE: 20111108
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Bond Robert O
CENTRAL INDEX KEY: 0001323640
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-06407
FILM NUMBER: 111189394
MAIL ADDRESS:
STREET 1: 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: 5051 WESTHEIMER RD
CITY: HOUSTON
STATE: TX
ZIP: 77056-5622
BUSINESS PHONE: (713) 989-2000
MAIL ADDRESS:
STREET 1: 5051 WESTHEIMER RD
CITY: HOUSTON
STATE: TX
ZIP: 77056-5622
4
1
doc1.xml
FORM 4
X0304
4
2011-11-06
0
0000203248
SOUTHERN UNION CO
SUG
0001323640
Bond Robert O
5150 WESTHEIMER ROAD
HOUSTON
TX
77056-5306
0
1
0
0
SVP, Pipeline Operations
Common Stock
1430.8972
I
401(k) Plan
Employee Stock Option (right to purchase)
16.8255
2014-02-06
Common Stock
16538
16538
D
Employee Stock Option (right to purchase)
22.68
2015-11-11
Common Stock
100000
100000
D
Stock Appreciation Rights
28.07
2016-12-28
Common Stock
23753
23753
D
Stock Appreciation Rights
28.48
2017-12-17
Common Stock
60445
60445
D
Cash Restricted Stock Units
Common Stock
7732
7732
D
Stock Appreciation Rights
2018-12-15
Common Stock
95336
95336
D
Cash Restricted stock Units
Common Stock
7470
7470
D
Stock Appreciation Rights
2019-12-15
Common Stock
39329
39329
D
Cash Restricted Stock Units
Common Stock
9681
9681
D
Stock Appreciation Rights
2020-12-13
Common Stock
32168
32168
D
Cash Restricted Stock Units
2011-11-06
4
A
0
7724
A
Common Stock
7724
7724
D
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 the plan statement for the period ended December 31, 2010.
The options are fully vested and 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 Grant Date 2007. The award vests in equal installments on the first, second and third anniversaries of Grant Date 2007. As such, 40,296 stock appreciation rights are currently exercisable. The remaining 20,149 stock appreciation rights will vest on December 17, 2010.
23,195 cash restricted stock units were awarded to the reporting person on December 15, 2008 ("Grant Date 2008"). The cash restricted stock units 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 installments on the first, second and third anniversaries of Grant Date 2008. To date, restrictions have expired on 7,731 of the cash restricted stock units. Restrictions on an additional 7,732 cash restricted stock units will expire on December 15, 2010.
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 installments on the first, second and third anniversaries of Grant Date 2008. As such, 31,778 stock appreciation rights are currently exercisable. An additional 31,779 stock appreciation rights will vest on December 15, 2010.
11,204 cash restricted stock units were awarded to the Reporting Person on December 15, 2009 ("Grant Date 2009"). The cash restricted stock units 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 the award will expire in equal installments on the first, second and third anniversaries of Grant Date 2009. Restrictions on 3,734 cash restricted units expired on December 15, 2010.
Stock appreciation rights will be settled in shares of common stock at an exercise price of $21.64 per share, which was equal to the closing price on Grant Date 2009. The award vests in equal installments on the first, second and third anniversaries of Grant Date 2009. 13,109 stock appreciation rights will vest on December 15, 2010.
9,681 cash restricted stock units were awarded to the Reporting Person on December 13, 2010 ("Grant Date 2010"). The cash restricted stock units 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 the award will expire in equal installments on the first, second and third anniversaries of Grant Date 2010.
Stock appreciation rights will be settled in shares of common stock at an exercise price of $24.80 per share, which was equal to the closing price on Grant Date 2010. The award vests in equal installments on the first, second and third anniversaries of Grant Date 2010.
7,724 cash restricted stock units ("RSUs") were awarded to the Reporting Person on November 6, 2011 ("Grant Date 2011"). The RSUs were awarded in accordance with the Company's Third Amended and Restated 2003 Stock and Incentive Plan. The RSUs permit the Reporting Person to receive 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 the dates such restrictions expire. Restrictions on such award will expire in equal amounts on the first, second and third anniversaries of Grant Date 2011, unless the restrictions are earlier terminated in accordance with the Plan or the applicable award agreement.
On July 19, 2011, the Company entered into a Second Amended and Restated Agreement and Plan of Merger with Energy Transfer Equity, L.P. ("ETE") and Sigma Acquisition Corporation, a wholly-owned subsidiary of ETE (as amended by Amendment No. 1 to Agreement and Plan of Merger dated as of September 14, 2011, the "Merger Agreement"). The RSUs awarded to the Reporting Person will be treated in accordance with the terms and conditions of the Merger Agreement. The Merger Agreement is available in its entirety as Annex A to the Company's definitive Proxy Statement filed with the SEC on October 27, 2011.
Robert M. Kerrigan, III for Robert O. Bond
2011-11-08