The Laclede Group
2006 Equity Incentive Plan
Restricted Stock Unit Award Agreement
THIS RESTRICTED STOCK UNIT AWARD AGREEMENT is made as of this 14th day of February
2008, between The Laclede Group, Inc. (the “Company”) and Douglas H. Yaeger (the
“Participant”). References in this Agreement to “Company” include Subsidiaries and any entity that succeeds to
all or substantially all of the business of The Laclede Group, Inc.
Pursuant to the terms of the Company’s 2006 Equity Incentive Plan, as approved by shareholders in
January 2006, (the “Plan”), the award under this Agreement is being made as a special grant of restricted stock
units of the Company authorized by the Board of Directors and the Board’s Compensation Committee
(“Committee”), subject to the Participant’s acceptance of the terms, conditions and restrictions applicable to the
restricted stock units set forth in this Agreement.
NOW, THEREFORE, in consideration of the mutual covenants set forth in this Agreement, the parties
hereto hereby agree as follows:
1. Award of Restricted Stock Units . Pursuant and subject to the terms and conditions set
forth herein and in the Plan, the Company awards to the Participant Fifteen Thousand (15,000) restricted stock
units (the “Units”), subject to the terms, conditions and restrictions described in this Agreement and in the Plan
2. Award Date . The Award Date of the Units in this Award is February 14, 2008.
3. Incorporation of Plan . All terms, conditions and restrictions of the Plan are incorporated
herein and made part hereof as if stated herein. If there is any conflict between the terms and conditions of the
Plan and this Agreement, the terms and conditions of the Plan, as interpreted by the plan administrator, shall
govern. All capitalized terms used herein, but not otherwise defined, shall have the meaning given to such terms in
4. Restrictions and Conditions . The U