Common Stock and Equity Based Compensation (Tables)

12 Months Ended

Sep. 30, 2012

Share-based Compensation [Abstract]

Common stock share activity

UGI Common Stock share activity for Fiscal 2010, Fiscal 2011 and Fiscal 2012 follows:

	Issued	Treasury		Outstanding
Balance, September 30, 2009	115,261,294	(6,514,587	)	108,746,707
Issued:
Employee and director plans	139,000	1,390,207		1,529,207
Dividend reinvestment plan	—	97,673		97,673
Balance, September 30, 2010	115,400,294	(5,026,707	)	110,373,587
Issued:
Employee and director plans	106,800	1,263,065		1,369,865
Dividend reinvestment plan	—	92,570		92,570
Balance, September 30, 2011	115,507,094	(3,671,072	)	111,836,022
Issued:
Employee and director plans	117,500	824,925		942,425
Dividend reinvestment plan	—	104,994		104,994
Shares reacquired - employee and director plans	—	(263,020	)	(263,020	)
Balance, September 30, 2012	115,624,594	(3,004,173	)	112,620,421

Stock Option Awards

Stock option transactions under the OECP and predecessor plans for Fiscal 2010, Fiscal 2011 and Fiscal 2012 follow:

	Shares		Weighted Average Option Price		Total Intrinsic Value		Weighted Average Contract Term (Years)
Shares under option — September 30, 2009	7,501,493		$	22.74	$	23.2	6.4
Granted	1,394,300		$	24.37
Cancelled	(62,501	)	$	25.12
Exercised	(1,276,247	)	$	18.09	$	11.7
Shares under option — September 30, 2010	7,557,045		$	23.81	$	36.2	6.5
Granted	1,443,558		$	31.55
Cancelled	(235,437	)	$	27.79
Exercised	(1,091,987	)	$	20.95	$	11.4
Shares under option — September 30, 2011	7,673,179		$	25.55	$	15.1	6.2
Granted	1,508,050		$	29.26
Cancelled	(321,600	)	$	27.74
Exercised	(801,857	)	$	20.93	$	7.2
Shares under option — September 30, 2012	8,057,772		$	26.62	$	41.4	6.1
Options exercisable — September 30, 2010	4,706,376		$	22.99
Options exercisable — September 30, 2011	4,879,784		$	24.15
Options exercisable — September 30, 2012	5,317,698		$	25.32	$	34.2	5.0
Non-vested options — September 30, 2012	2,740,074		$	29.13	$	7.2	8.3

Additional information relating to stock options outstanding and exercisable

The following table presents additional information relating to stock options outstanding and exercisable at September 30, 2012:

	Range of exercise prices
	Under $20.00		$20.00 - $25.00		$25.01 - $30.00		Over $30.00
Options outstanding at September 30, 2012:
Number of options	162,300		2,996,470		3,529,044		1,369,958
Weighted average remaining contractual life (in years)	1.5		5.3		6.3		7.8
Weighted average exercise price	$	16.92	$	23.29	$	27.99	$	31.53
Options exercisable at September 30, 2012:
Number of options	162,300		2,546,170		2,164,909		444,319
Weighted average exercise price	$	16.92	$	23.12	$	27.26	$	31.60

Assumption used for valuing option grants

The assumptions we used for valuing option grants during Fiscal 2012, Fiscal 2011 and Fiscal 2010 are as follows:

	2012	2011	2010
Expected life of option	5.75 years	5.75 years	5.75 years
Weighted average volatility	24.7%	24.3%	24.0%
Weighted average dividend yield	3.5%	3.4%	3.3%
Expected volatility	24.7%	23.8% - 24.3%	24.0%
Expected dividend yield	3.3% - 3.7%	3.1% - 3.4%	3.3% - 3.4%
Risk free rate	0.8% - 1.1%	1.2% - 2.4%	1.7% - 3.1%

Weighted average assumptions used to determine the fair value of UGI Performance Unit awards and related compensation costs

The following table summarizes the weighted average assumptions used to determine the fair value of UGI Performance Unit awards and related compensation costs:

	Grants Awarded in Fiscal
	2012		2011		2010
Risk free rate	0.4	%	1.0	%	1.7	%
Expected life	3 years		3 years		3 years
Expected volatility	22.2	%	27.6	%	28.0	%
Dividend yield	3.5	%	3.2	%	3.3	%

UGI unit award activity

The following table summarizes UGI Unit award activity for Fiscal 2012:

	Total				Vested				Non-Vested
	Number of UGI Units		Weighted Average Grant Date Fair Value (per Unit)		Number of UGI Units		Weighted Average Grant Date Fair Value (per Unit)		Number of UGI Units		Weighted Average Grant Date Fair Value (per Unit)
September 30, 2011	900,283		$	24.13	598,955		$	21.41	301,328		$	29.56
UGI Performance Units:
Granted	197,400		$	27.25	33,518		$	29.16	163,882		$	26.86
Forfeited	(51,411	)	$	27.94	—		$	—	(51,411	)	$	27.94
Vested	—		$	—	110,083		$	29.04	(110,083	)	$	29.04
Performance criteria not met	(170,481	)	$	27.82	(170,481	)	$	27.82	—		$	—
UGI Stock Units:
Granted (a)	42,445		$	29.69	40,945		$	29.53	1,500		$	34.06
Vested	—		$	—	—		$	—	—		$	—
Unit awards paid	(32,898	)	$	26.17	(32,898	)	$	26.17	—		$	—
September 30, 2012	885,338		$	24.09	580,122		$	21.72	305,216		$	28.59

(a) Generally, shares granted under UGI Stock Unit awards are paid approximately 70% in shares. UGI Stock Unit awards granted in Fiscal 2011 and Fiscal 2010 were 61,945 and 27,060, respectively.

Schedule of Payment for UGI Performance Unit and UGI Stock Unit awards in shares and cash

During Fiscal 2012, Fiscal 2011 and Fiscal 2010, the Company paid UGI Performance Unit and UGI Stock Unit awards in shares and cash as follows:

	2012		2011		2010
UGI Performance Unit awards:
Number of original awards granted	210,750		197,917		193,983
Fiscal year granted	2009		2008		2007
Payment of awards:
Shares of UGI Common Stock issued	—		142,494		123,169
Cash paid	$	—	$	7.5	$	2.6
UGI Stock Unit awards:
Number of original awards granted	32,898		22,400		—
Payment of awards:
Shares of UGI Common Stock issued	21,757		17,545		—
Cash paid	$	0.2	$	0.2	$	—

Weighted Average Assumption used to determine the fair value of AmeriGas Performance unit Awards and related compensation costs

The following table summarizes the weighted-average assumptions used to determine the fair value of AmeriGas Performance Unit awards and related compensation costs:

	Grants Awarded in Fiscal
	2012		2011		2010
Risk-free rate	0.4	%	1.0	%	1.7	%
Expected life	3 years		3 years		3 years
Expected volatility	23.0	%	34.6	%	35.0	%
Dividend yield	6.4	%	5.8	%	6.8	%

AmeriGas Common Unit based award activity

The following table summarizes AmeriGas Common Unit-based award activity for Fiscal 2012:

	Total				Vested				Non-Vested
	Number of AmeriGas Partners Common Units Subject to Award		Weighted Average Grant Date Fair Value (per Unit)		Number of AmeriGas Partners Common Units Subject to Award		Weighted Average Grant Date Fair Value (per Unit)		Number of AmeriGas Partners Common Units Subject to Award		Weighted Average Grant Date Fair Value (per Unit)
September 30, 2011	155,356		$	41.79	62,638		$	38.20	92,718		$	44.22
AmeriGas Performance Units:
Granted	55,150		$	48.28	8,665		$	48.28	46,485		$	48.28
Forfeited	(15,068	)	$	50.37	—		$	—	(15,068	)	$	50.37
Vested	—		$	—	36,833		$	39.28	(36,833	)	$	39.28
Performance criteria not met	(48,633	)	$	32.17	(48,633	)	$	32.17	—		$	—
AmeriGas Stock Units:
Granted	193,668		$	41.77	66,244		$	41.81	127,424		$	41.76
Forfeited	(10,360	)	$	41.42	—		$	—	(10,360	)	$	41.42
Vested	—		$	—	6,050		$	35.05	(6,050	)	$	35.05
Awards paid	(66,146	)	$	40.72	(66,146	)	$	40.72	—		$	—
September 30, 2012	263,967		$	44.70	65,651		$	45.42	198,316		$	44.47

AmeriGas Common Unit Based Awards In Common Units And Cash

During Fiscal 2012, Fiscal 2011 and Fiscal 2010, the Partnership paid AmeriGas Common Unit-based awards in Common Units and cash as follows:

	2012 (a)		2011		2010
Number of Common Units subject to original awards granted	60,200		41,064		49,650
Fiscal year granted	2009		2008		2007
Payment of awards:
AmeriGas Partners Common Units issued	3,500		35,787		42,121
Cash paid	$	0.1	$	1.2	$	1.2

(a) In addition, 40,516 AmeriGas Stock Units, and $0.9 in cash, were paid to Heritage Propane employees associated with awards granted in Fiscal 2012.