X0304 4 2011-09-01 0 0001126956 LACLEDE GROUP INC LG 0001526310 Sitherwood Suzanne 720 OLIVE STREET ST. LOUIS MO 63101 1 1 0 0 President Common Stock 2011-09-01 4 A 0 7000 0.00 A 7000 D Common Stock 2011-09-01 4 A 0 10000 0.00 A 10000 D Represents award of restricted stock units that vest in three equal annual installments beginning September 1, 2012. The units will also vest upon a change in control and upon termination without cause from March 1, 2012 thru September 1, 2014. Each unit represents a contingent right to receive one share of Laclede Group common stock. Represents award of performance contingent restricted stock units that, after two years, will vest: (i) 50% when the Company's average stock price for any period of consecutive three months beginning on and after December 1, 2011 exceeds by 10% the average stock price for the three month period of 9/1/11-11/30/11; (ii) 100% when the Company's average stock price for any period of three consecutive months beginning on and after 12/1/2011 exceeds by 15% the average stock price for the three month period of 9/1/11-11/30/11. The units will also vest upon a change in control and upon termination without cause on or after March 1, 2012; and will expire at close of business on September 1, 2016. Each unit represents a contingent right to receive one share of Laclede Group common stock. Suzanne Sitherwood 2011-09-01