Southern Union Co - Amended Statement of Changes in Beneficial Ownership (4/A)
March 06 2008 - 6:37PM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue.
See
Instruction 1(b).
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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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
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1. Name and Address of Reporting Person
*
Herschmann Eric D
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2. Issuer Name
and
Ticker or Trading Symbol
SOUTHERN UNION CO
[
SUG
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director
_____ 10% Owner
__
X
__ Officer (give title below)
_____ Other (specify below)
Senior EVP
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(Last)
(First)
(Middle)
C/O SOUTHERN UNION COMPANY, 5444 WESTHEIMER ROAD
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3. Date of Earliest Transaction
(MM/DD/YYYY)
12/17/2007
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(Street)
HOUSTON, TX 77056
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
12/19/2007
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_
X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security
(Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code
(Instr. 8)
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4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Stock
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12/17/2007
(1)
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A
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58022
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A
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$0
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224819.1
(2)
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D
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Table II - Derivative Securities Beneficially Owned (
e.g.
, puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security
(Instr. 3)
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2. Conversion or Exercise Price of Derivative Security
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3. Trans. Date
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3A. Deemed Execution Date, if any
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4. Trans. Code
(Instr. 8)
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5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
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6. Date Exercisable and Expiration Date
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7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
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8. Price of Derivative Security
(Instr. 5)
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9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)
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10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)
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11. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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(A)
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(D)
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Date Exercisable
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Expiration Date
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Title
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Amount or Number of Shares
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Employee Stock Option (right to purchase)
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$28.48
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12/17/2007
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A
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275629
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(3)
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(3)
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Common Stock
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275629
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(3)
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275629
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D
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Explanation of Responses:
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(
1)
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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.
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(
2)
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Included in this amount is 58,022 shares of restricted stock, which restrictions expire in pro rata amounts on the first, second and third anniversaries of the Grant Date, which was December 17, 2007. The expiration of these restrictions will 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.
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(
3)
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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 "Grant Date"). The options awarded will vest in pro rata amounts on the first, second and third anniversaries of the Grant Date. The award was incorrectly reported as an award of stock appreciation rights on December 19, 2007. This Form 4 corrects the Form 4 filed on December 19, 2007 and conforms the Form 4 with the correct award information reported in the Issuer's Form 8-K filed on December 19, 2007. The 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.
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Reporting Owners
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Reporting Owner Name / Address
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Relationships
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Director
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10% Owner
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Officer
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Other
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Herschmann Eric D
C/O SOUTHERN UNION COMPANY
5444 WESTHEIMER ROAD
HOUSTON, TX 77056
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Senior EVP
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Signatures
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Robert M. Kerrigan, III for Eric D. Herschmann
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3/6/2008
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**
Signature of Reporting Person
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Date
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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*
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If the form is filed by more than one reporting person,
see
Instruction 4(b)(v).
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**
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Intentional misstatements or omissions of facts constitute Federal Criminal Violations.
See
18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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Note:
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File three copies of this Form, one of which must be manually signed. If space is insufficient,
see
Instruction 6 for procedure.
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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.
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