SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
DOWLING HARRY E

(Last) (First) (Middle)
C/O SOUTHERN UNION COMPANY
5444 WESTHEIMER ROAD

(Street)
HOUSTON TX 77056

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
SOUTHERN UNION CO [ SUG ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
President of Division
3. Date of Earliest Transaction (Month/Day/Year)
04/20/2006
4. If Amendment, Date of Original Filed (Month/Day/Year)
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. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction 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 04/20/2006 M 5,996 A $14.6521 21,400.95(1) D
Common Stock 04/20/2006 S 5,996 D $25.45 15,404.95(1) D
Common Stock 04/20/2006 M 4,410 A $16.8255 19,814.95(1) D
Common Stock 04/20/2006 S 4,410 D $25.45 15,404.95(1) D
Common Stock 9,631.5663(2) I 401(K) Plan(2)
Common Stock 27,437.3356(3) I Supplemental Deferred Compensation Plan(3)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction 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 (Month/Day/Year) 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: 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) $14.6521 04/20/2006 M 5,996 (4) 06/05/2011 Common Stock 5,996 $14.6521 7,658 D
Employee Stock Option (right to purchase) $16.8255 04/20/2006 M 4,410 (5) 12/09/2009 Common Stock 4,410 $16.8255 13,230 D
Employee Stock Option (right to purchase) $24.0572 (6) 07/26/2015 Common Stock 2,048 2,048 D
Explanation of Responses:
1. Of these shares, 3,150 shares are restricted shares that vest in 25% increments each year beginning July 26, 2006.
2. Information reported herein is based on a report provided by the plan trustee and reflects the Reporting Person's beneficial ownership as of February 17, 2006, the date of his last transaction involving 401(K) Plan shares.
3. This information concerns shares held under the Issuer's Supplemental Deferred Compensation 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 ending December 31, 2005.
4. The remaining options are exercisable on July 1, 2006.
5. Of the remaining options, 4,410 become exercisable on March 1, 2007, 4,410 on March 3, 2008 and 4,410 on March 2, 2009.
6. These options vest in 25% increments each year commencing July 26, 2006.
Remarks:
Robert M. Kerrigan, III for Harry E. Dowling 04/21/2006
** 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 Number.