Common Stock and Equity Based Compensation (Tables)

12 Months Ended

Sep. 30, 2013

Share-based Compensation [Abstract]

Common stock share activity

UGI Common Stock share activity for Fiscal 2011, Fiscal 2012 and Fiscal 2013 follows:

	Issued	Treasury		Outstanding
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
Issued:
Employee and director plans	159,200	2,622,338		2,781,538
Dividend reinvestment plan	—	62,169		62,169
Shares reacquired - employee and director plans	—	(1,035,270	)	(1,035,270	)
Balance, September 30, 2013	115,783,794	(1,354,936	)	114,428,858

Stock Option Awards

Stock option transactions under the 2013 OICP, the 2004 OECP and predecessor plans during Fiscal 2011, Fiscal 2012 and Fiscal 2013 follow:

	Shares		Weighted Average Option Price		Total Intrinsic Value		Weighted Average Contract Term (Years)
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
Granted	1,516,900		$	33.57
Cancelled	(89,836	)	$	30.51
Exercised	(2,688,868	)	$	24.58	$	35.4
Shares under option — September 30, 2013	6,795,968		$	28.92	$	69.6	6.8
Options exercisable — September 30, 2011	4,879,784		$	24.15
Options exercisable — September 30, 2012	5,317,698		$	25.32
Options exercisable — September 30, 2013	3,914,061		$	26.93	$	47.8	5.6
Options not exercisable — September 30, 2013	2,881,907		$	31.63	$	21.8	8.5

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, 2013:

	Range of exercise prices
	Under $25.00		$25.01 - $30.00		$30.01 - $35.00		Over $35.00
Options outstanding at September 30, 2013:
Number of options	1,778,435		2,265,255		2,559,678		192,600
Weighted average remaining contractual life (in years)	5.2		6.5		8.1		9.6
Weighted average exercise price	$	23.92	$	28.34	$	32.12	$	39.45
Options exercisable at September 30, 2013:
Number of options	1,718,735		1,358,454		836,872		—
Weighted average exercise price	$	23.91	$	27.80	$	31.70	$	—

Assumption used for valuing option grants

The assumptions we used for valuing option grants during Fiscal 2013, Fiscal 2012 and Fiscal 2011 are as follows:

	2013	2012	2011
Expected life of option	5.75 years	5.75 years	5.75 years
Weighted average volatility	24.9%	24.7%	24.3%
Weighted average dividend yield	3.6%	3.5%	3.4%
Expected volatility	24.4% - 24.9%	24.7%	23.8% - 24.3%
Expected dividend yield	3.2% - 3.7%	3.3% - 3.7%	3.1% - 3.4%
Risk free rate	0.8% - 1.7%	0.8% - 1.1%	1.2% - 2.4%

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
	2013		2012		2011
Risk free rate	0.4	%	0.4	%	1.0	%
Expected life	3 years		3 years		3 years
Expected volatility	21.1	%	22.2	%	27.6	%
Dividend yield	3.3	%	3.5	%	3.2	%

UGI unit award activity

The following table summarizes UGI Unit award activity for Fiscal 2013:

	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, 2012	885,338		$	24.09	580,122		$	21.72	305,216		$	28.59
UGI Performance Units:
Granted	220,575		$	37.97	26,818		$	38.13	193,757		$	37.94
Forfeited	(9,319	)	$	33.78	—		$	—	(9,319	)	$	33.78
Vested	—		$	—	117,703		$	26.69	(117,703	)	$	26.69
Unit awards paid	(103,759	)	$	22.22	(103,759	)	$	22.22	—		$	—
Performance criteria not met	(70,079	)	$	22.22	(70,079	)	$	22.22	—		$	—
UGI Stock Units:
Granted (a)	34,025		$	33.05	34,025		$	33.05	—		$	—
Unit awards paid	(36,180	)	$	36.37	(36,180	)	$	36.37	—		$	—
September 30, 2013	920,601		$	27.52	548,650		$	23.18	371,951		$	33.93

(a) Generally, shares granted under UGI Stock Unit awards are paid approximately 70% in shares. UGI Stock Unit awards granted in Fiscal 2012 and Fiscal 2011 were 42,445 and 61,945, respectively.

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

During Fiscal 2013, Fiscal 2012 and Fiscal 2011, the Company paid UGI Performance Unit and UGI Stock Unit awards in shares and cash as follows:

	2013		2012		2011
UGI Performance Unit awards:
Number of original awards granted	218,683		210,750		197,917
Fiscal year granted	2010		2009		2008
Payment of awards:
Shares of UGI Common Stock issued	65,081		—		142,494
Cash paid	$	1.6	$	—	$	7.5
UGI Stock Unit awards:
Number of original awards granted	36,179		32,898		22,400
Payment of awards:
Shares of UGI Common Stock issued	23,516		21,757		17,545
Cash paid	$	0.5	$	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
	2013		2012		2011
Risk-free rate	0.4	%	0.4	%	1.0	%
Expected life	3 years		3 years		3 years
Expected volatility	20.7	%	23.0	%	34.6	%
Dividend yield	8.2	%	6.4	%	5.8	%

AmeriGas Common Unit based award activity

The following table summarizes AmeriGas Common Unit-based award activity for Fiscal 2013:

	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, 2012	263,967		$	44.70	65,651		$	45.42	198,316		$	44.47
AmeriGas Performance Units:
Granted	44,800		$	42.36	1,332		$	41.64	43,468		$	42.38
Forfeited	(14,869	)	$	47.04	—		$	—	(14,869	)	$	47.04
Vested	—		$	—	20,115		$	43.68	(20,115	)	$	43.68
Performance criteria not met	(43,350	)	$	42.10	(43,350	)	$	42.10	—		$	—
AmeriGas Stock Units:
Granted	20,336		$	43.06	8,442		$	39.07	11,894		$	45.90
Forfeited	(11,333	)	$	48.79	—		$	—	(11,333	)	$	48.79
Vested	—		$	—	30,909		$	48.92	(30,909	)	$	48.92
Awards paid	(35,384	)	$	47.04	(35,384	)	$	47.04	—		$	—
September 30, 2013	224,167		$	47.88	47,715		$	47.92	176,452		$	47.87

AmeriGas Common Unit Based Awards In Common Units And Cash

During Fiscal 2013, Fiscal 2012 and Fiscal 2011, the Partnership paid AmeriGas Common Unit-based awards in Common Units and cash as follows:

	2013 (a)		2012 (a)		2011
Number of Common Units subject to original awards granted	54,750		60,200		41,064
Fiscal year granted	2010		2009		2008
Payment of awards:
AmeriGas Partners Common Units issued	3,850		3,500		35,787
Cash paid	$	0.1	$	0.1	$	1.2

(a) In addition, during Fiscal 2013 and 2012, 19,342 AmeriGas Stock Units and $0.5 in cash, and 40,516 AmeriGas Stock Units and $0.9 in cash, respectively, were paid to former Heritage Propane employees associated with awards granted in Fiscal 2012.