FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
OMB APPROVAL
OMB Number: 3235-0287
Expires: January 31, 2008
Estimated average burden
hours per response...
0.5
                      
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public
Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

LINDEMANN GEORGE L
2. Issuer Name and Ticker or Trading Symbol

SOUTHERN UNION CO [ SUG ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__ X __ Director                      _____ 10% Owner
__ X __ Officer (give title below)      _____ Other (specify below)
Chairman, President & CEO
(Last)          (First)          (Middle)

767 FIFTH AVENUE
3. Date of Earliest Transaction (MM/DD/YYYY)

12/17/2007
(Street)

NEW YORK, NY 10153
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

12/19/2007 
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. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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   12/17/2007   (1)   A    58022   A $0   4015979   (2) D  
 

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. 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 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 of Derivative Security: 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)   $28.48   12/17/2007        441469         (3)   (3) Common Stock   441469     (3) 441469   D  
 

Explanation of Responses:
( 1)  This award was incorrectly reported in Table II of Form 4 on December 19, 2007 as an award of cash restricted units. This Form 4 corrects the Form 4 filed on December 19, 2007 and conforms the Form 4 to the correct information reported in the Issuer's Form 8-K that was also filed on December 19, 2007.
( 2)  Included in this amount is 58,022 shares of restricted stock, which restrictions expire in full on December 17, 2012. The expiration of these restrictions would be accelerated upon (i) a change of control of the Issuer or (ii) the death, disability or termination of employment without cause of the Reporting Person.
( 3)  Each stock option was awarded at an exercise price of $28.48 per share, which was equal to the closing price on December 17, 2007. The options awarded will vest in full on December 17, 2012. This award was incorrectly reported on December 19, 2007 as an award of stock appreciation rights with a different vesting schedule. This Form 4 corrects the Form 4 filed on December 19, 2007 and conforms with the correct award information reported in the Issuer's Form 8-K that was also filed on that date. These vesting of these options will be accelerated in the event of (i) a change of control of the Company or (ii) the death, disability or termination of employment without cause of the Reporting Person.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
LINDEMANN GEORGE L
767 FIFTH AVENUE
NEW YORK, NY 10153
X
Chairman, President & CEO

Signatures
Robert M. Kerrigan, III for George L. Lindemann 3/6/2008
** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
Southern Union (NYSE:SUG)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more Southern Union Charts.
Southern Union (NYSE:SUG)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more Southern Union Charts.