- Statement of Changes in Beneficial Ownership (4)
December 14 2010 - 7:32PM
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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3235-0287
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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
*
Bond Robert O
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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)
SVP, Pipeline Operations
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(Last)
(First)
(Middle)
5444 WESTHEIMER ROAD
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3. Date of Earliest Transaction
(MM/DD/YYYY)
12/13/2010
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(Street)
HOUSTON, TX 77056-5306
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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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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1395.7193
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I
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401(k) Plan
(1)
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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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$16.8255
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(2)
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2/6/2014
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Common Stock
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16538
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16538
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D
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Employee Stock Option (right to purchase)
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$22.68
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(2)
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11/11/2015
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Common Stock
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100000
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100000
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D
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Stock Appreciation Rights
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$28.07
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(2)
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12/28/2016
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Common Stock
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23753
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23753
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D
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Cash Restricted Units
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(3)
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(3)
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(3)
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Common Stock
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4242
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4242
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D
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Stock Appreciation Rights
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$28.48
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(4)
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12/17/2017
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Common Stock
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60445
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60445
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D
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Cash Restricted Units
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(5)
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(5)
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(5)
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Common Stock
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15464
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15464
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D
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Stock Appreciation Rights
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(6)
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(6)
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12/15/2018
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Common Stock
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95336
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95336
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D
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Cash Restricted Units
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(7)
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(7)
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(7)
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Common Stock
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11204
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11204
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D
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Stock Appreciation Rights
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(9)
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(8)
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12/15/2019
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Common Stock
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39329
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39329
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D
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Cash Restricted Units
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(9)
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12/13/2010
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A
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9681
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(9)
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(9)
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Common Stock
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9681
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(9)
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9681
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D
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Stock Appreciation Rights
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$24.80
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12/13/2010
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A
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32168
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(10)
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12/13/2020
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Common Stock
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32168
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(10)
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32168
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D
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Explanation of Responses:
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(
1)
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This information concerns shares held under the Issuer's 401(k) 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 ended December 31, 2009.
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(
2)
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The options are fully vested and exercisable.
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(
3)
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12,724 cash restricted units were awarded to the Reporting Person on December 17, 2007 ("Grant Date 2007"). The cash restricted units permit the recipient to receive, on predetermined dates upon expiration of applicable restrictions, cash in an amount equal to a specified number of shares of the Company's common stock valued at the closing price of the Company's common stock on such dates. Restrictions on the award will expire in equal installments on the first, second and third anniversaries of Grant Date 2007. To date, restrictions have expired on 8,482 of the cash restricted units. Restrictions on the remaining 4,242 will expire on December 17, 2010.
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(
4)
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Stock appreciation rights will be settled in shares of common stock at an exercise price of $28.48 per share, which was equal to the closing price on Grant Date 2007. The award vests in equal installments on the first, second and third anniversaries of Grant Date 2007. As such, 40,296 stock appreciation rights are currently exercisable. The remaining 20,149 stock appreciation rights will vest on December 17, 2010.
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(
5)
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23,195 cash restricted units were awarded to the reporting person on December 15, 2008 ("Grant Date 2008"). The cash restricted units permit the recipient to receive, on predetermined dates upon expiration of applicable restrictions, cash in an amount equal to a specified number of shares of the Company's common stock valued at the closing price of the Company's common stock on such dates. Restrictions on each award expire in equal installments on the first, second and third anniversaries of Grant Date 2008. To date, restrictions have expired on 7,731 of the cash restricted units. Restrictions on an additional 7,732 cash restricted units will expire on December 15, 2010.
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(
6)
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Stock appreciation rights will be settled in shares of common stock at an exercise price of $12.55 per share, which was equal to the closing price on Grant Date 2008. The award vests in equal installments on the first, second and third anniversaries of Grant Date 2008. As such, 31,778 stock appreciation rights are currently exercisable. An additional 31,779 stock appreciation rights will vest on December 15, 2010.
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(
7)
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11,204 cash restricted units were awarded to the Reporting Person on December 15, 2009 ("Grant Date 2009"). The cash restricted units permit the recipient to receive, on predetermined dates upon expiration of applicable restrictions, cash in an amount equal to a specified number of shares of the Company's common stock valued at the closing price of the Company's common stock on such dates. Restrictions on the award will expire in equal installments on the first, second and third anniversaries of Grant Date 2009. Restrictions on 3,734 cash restricted units will expire on December 15, 2010.
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(
8)
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Stock appreciation rights will be settled in shares of common stock at an exercise price of $21.64 per share, which was equal to the closing price on Grant Date 2009. The award vests in equal installments on the first, second and third anniversaries of Grant Date 2009. 13,109 stock appreciation rights will vest on December 15, 2010.
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(
9)
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9,681 cash restricted units were awarded to the Reporting Person on December 13, 2010 ("Grant Date 2010"). The cash restricted units permit the recipient to receive, on predetermined dates upon expiration of applicable restrictions, cash in an amount equal to a specified number of shares of the Company's common stock valued at the closing price of the Company's common stock on such dates. Restrictions on the award will expire in equal installments on the first, second and third anniversaries of Grant Date 2010.
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(
10)
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Stock appreciation rights will be settled in shares of common stock at an exercise price of $24.80 per share, which was equal to the closing price on Grant Date 2010. The award vests in equal installments on the first, second and third anniversaries of Grant Date 2010.
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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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Bond Robert O
5444 WESTHEIMER ROAD
HOUSTON, TX 77056-5306
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SVP, Pipeline Operations
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Signatures
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Robert M. Kerrigan, III for Robert O. Bond
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12/14/2010
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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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