<SEC-DOCUMENT>0000884614-21-000013.txt : 20210527
<SEC-HEADER>0000884614-21-000013.hdr.sgml : 20210527
<ACCEPTANCE-DATETIME>20210329164247
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0000884614-21-000013
CONFORMED SUBMISSION TYPE:	CORRESP
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20210329

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			UGI CORP /PA/
		CENTRAL INDEX KEY:			0000884614
		STANDARD INDUSTRIAL CLASSIFICATION:	GAS & OTHER SERVICES COMBINED [4932]
		IRS NUMBER:				232668356
		STATE OF INCORPORATION:			PA
		FISCAL YEAR END:			0930

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		460 N GULPH RD
		STREET 2:		P O BOX 858
		CITY:			KING OF PRUSSIA
		STATE:			PA
		ZIP:			19406
		BUSINESS PHONE:		6103371000

	MAIL ADDRESS:	
		STREET 1:		460 NORTH GULPH ROAD
		CITY:			KING OF PRUSSIA
		STATE:			PA
		ZIP:			19406

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	NEW UGI CORP
		DATE OF NAME CHANGE:	19600201
</SEC-HEADER>
<DOCUMENT>
<TYPE>CORRESP
<SEQUENCE>1
<FILENAME>filename1.htm
<TEXT>
<!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd"><html><head>
<!-- Document created using Wdesk -->
<!-- Copyright 2021 Workiva -->
<title>Document</title></head><body><div id="i110dd1e5f84544a08e4f204de7991d8f_33"></div><div style="min-height:72pt;width:100%"><div><font><br></font></div></div><div style="text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:115%">March 29, 2021</font></div><div><img alt="image1.jpg" src="image1.jpg" style="height:71px;margin-bottom:5pt;vertical-align:text-bottom;width:125px"></div><div><font><br></font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:115%;text-decoration:underline">VIA EDGAR</font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:115%">Division of Corporation Finance</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:115%">Office of Energy &#38; Transportation</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:115%">U.S. Securities and Exchange Commission</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:115%">100 F Street, NE</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:115%">Washington, DC 20549</font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:115%">RE&#58;     UGI Corporation </font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:115%">            Form 10-K for the Fiscal Year Ended September 30, 2020</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:115%">            Filed November 20, 2020</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:115%">            File No. 001-11071</font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:115%">Dear Ms. Nguyen&#58;</font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:115%">On behalf of UGI Corporation (the &#8220;Company&#8221;), set forth below is the Company&#8217;s response to the comment of the staff (the &#8220;Staff&#8221;) of the Securities and Exchange Commission (the &#8220;Commission&#8221;) in its letter dated March 17, 2021 with respect to the Company&#8217;s Form 10-K for the fiscal year ended September 30, 2020 (the &#8220;Form 10-K&#8221;).  For ease of reference, we have reproduced below the full text of the Staff&#8217;s comment, which is followed by the Company&#8217;s response.</font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:115%;text-decoration:underline">Form 10-K for the Fiscal Year Ended September 30, 2020</font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:115%;text-decoration:underline">General</font></div><div><font><br></font></div><div style="padding-left:18pt;text-indent:-18pt"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:11pt;font-weight:400;line-height:115%">1.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:115%;padding-left:8.84pt">We note that your forum selection provision in your Amended and Restated Bylaws identifies a state court located within Montgomery County, Pennsylvania, or if no state court located within such county has jurisdiction over such action or proceeding, the federal United States District Court for the Eastern District of Pennsylvania as the exclusive forum for certain litigation, including any &#8220;derivative action.&#8221; Please disclose whether this provision applies to actions arising under the Securities Act or Exchange Act. In that regard, we note that Section 27 of the Exchange Act creates exclusive federal jurisdiction over all suits brought to enforce any duty or liability created by the Exchange Act or the rules and regulations thereunder, and Section 22 of the Securities Act creates concurrent jurisdiction for federal and state courts over all suits brought to enforce any duty or liability created by the Securities Act or the rules and regulations thereunder. If the provision applies to Securities Act claims, please also revise your disclosure to state that there is uncertainty as to whether a court would enforce such </font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">Page 1</font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div style="text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:115%">U.S. Securities and Exchange Commission</font></div><div style="text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:115%">Division of Corporation Finance</font></div><div style="text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:115%">March 29, 2021</font></div></div><div style="padding-left:18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:115%">provision and that stockholders cannot waive compliance with the federal securities laws and the rules and regulations thereunder. In addition, please provide corresponding risk factor disclosure regarding the impact of your exclusive forum provision on stockholders, including that they may be subject to increased costs to bring a claim and that the provision could discourage claims or limit their ability to bring a claim in a judicial forum that they find favorable. Further, if this provision does not apply to actions arising under the Securities Act or Exchange Act, please tell us how you will inform stockholders in future filings that the provision does not apply to any actions arising under the Securities Act or Exchange Act.</font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:115%;text-decoration:underline">Response</font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:115%">We acknowledge the Staff&#8217;s comment and advise the Staff that the forum selection provision in the Company&#8217;s Amended and Restated Bylaws (the &#8220;Bylaws&#8221;) does not apply to actions arising under the Securities Act and Exchange Act and will not preclude or contract the scope of exclusive federal or concurrent jurisdiction for actions brought under the federal securities laws. </font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:115%">In future filings of our Annual Report on Form 10-K, we propose to add language to the &#8220;Exclusive Forum&#8221; section of our description of securities included as Exhibit 4.15,  substantially to the effect that&#58; &#8220;Such exclusive forum provision does not apply to suits brought</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:115%">to enforce any liability or duty created by the Securities Act of 1933, as amended or the Securities Exchange Act of 1934, as amended.&#8221;  We also respectfully advise the Staff that we will review our disclosure to address any material risks or uncertainties that our shareholders may encounter as a result of the forum selection provision in our Bylaws.</font></div><div><font><br></font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:115%">****</font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:115%">Thank you for your assistance. If you have any questions, please do not hesitate to contact me at (610) 768-3651.</font></div><div><font><br></font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:115%">Best regards,</font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:115%;text-decoration:underline">&#47;s&#47; Ted J. Jastrzebski</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:115%"> </font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:115%">Ted J. Jastrzebski</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:115%">Chief Financial Officer</font></div><div><font><br></font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:115%;text-decoration:underline">Copy to&#58;</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:115%">M. Shawn Bort, Audit Committee Chair</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:115%">Laurie A. Bergman, Vice President, Chief Accounting Officer and Corporate Controller</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:115%">Monica M. Gaudiosi, Vice President, General Counsel and Secretary</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:115%">Jessica A. Milner, Deputy General Counsel and Assistant Secretary</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:115%">Bob Watters (Ernst &#38; Young LLP)</font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">Page 2</font></div></div></div></body></html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>2
<FILENAME>image1.jpg
<TEXT>
begin 644 image1.jpg
MB5!.1PT*&@H    -24A$4@   (@   !-" 8   !]GRQ5   <?4E$051X >U=
M!W@<U;5>TSL.!$Q)'J'F$4HH22"\$$I(PDOX(."0EY  CP1L:9LD6RY@XUXP
M+AALP-T8VY*V[WHEV99LN<B2J]R$>^^]=US^]_XS,^O9M;;,K&23[]O[?:M9
MS=Z9V_Y[[CGGGG.N!9EDJ@?6[SZ,TMHM^&C"$KPQ? 8>[U:*FUMZ<7'66%B:
M*9^+L\;@EGPOGNPY >]^/0M?3%V):2MW8,_A$Z;*O! /65AHC_'?X-$>97BB
MYP3#G\=Z3,3;(ZMQ_.3IM.K_R:2E>+3[1,/EL\Z/]YB(/P^:CL,G3J95AV0/
MSUFW&YW#B_%4KS)<E^.&)=L-BR, B\T+2W81+,T+8&DV)OK#>]DN6&P^6!Q^
M6+(*T:2E%TT'5V)DU1ILW7\T6;%I_SZJ>HV,[R]ZC#?<OP*0MT96P9)7"HO5
M8_R3&\9/.H1Q]-M3:37$5C 'EMP2X^6SSCDAW-[:A_U'ZW]F'C]Y"IZ:#?CO
M 5-QI<-U%A!9! 0I10P@DOVO <;N%V#=WMJ/7'<-OMFR+ZW^2_1PE_ B=7R]
MQON7+WYO]"Q86.%DC:OK=YM7R&NZ ,ESSU-F65UE)+MG=>/>]B$<./9MHGXR
M_%MPX2;\JG<Y+%:WTC]9A>;Z*%[]"3"^VQ% XSP?<ESSP:6KOE//TEIU?$T
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M4I-*YI9:U<C'HY1A1J&F 4-_M?MP?\=B;#.H?<T Q"! 5N\\B%M;^Y4!U0^
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MI_+/!0&((XB<HKEQJY<!2 * L-=^TV^2"469%V-,>+2==X!P^\#F1=^RI1F
MF.%!V&OO?<WP%@;-#.T^9(^=';?3X_UP_@%2(!Z!X46;XU4):5.0=[^>:7"&
MZ2RRZBD^2 M/C3%MIWZY2$)!/IVT7%64&7"0LGKP0,<P#ATW%G/D@\ "6'+"
MBHL#W1Q2^KC,NWUF%>%:APNK=QYJ.(!DC9EM'B!6C_A_T*8AG>0LFFM\EFL@
ML;I%6WHPSF!6KMRA#("1< [-"W"1U87QWVPQU*P>I;5HW&H<OI?K3OGS_19>
M7..@SXP! &MMMWE!D9P&V?%2VA0DUS4O#8"X<4_[$'8>.AZO?BG=_^>HZC0
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M,UHYR[<?4 /@NHQ3R^PB7&)SH7>9>4JIU4.[<MF[S.8RU^_V %[](C4&.FV
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M08?LS?N.@%$3J8&E=+%EWQ&Y_UG%<OQQP!1<9F5LD32"\UK=N*FESY!:H5X
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MIJ*][5;Z#9[J.Q7YGIISXH71>*C_Y&42V$YKM_ZJE;5U_U$)_=TA7(LOIJ[
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MPK1S=[>M;P%:>FI L(J4(EO[_G,B$!H%""7 *VQTFO*)6$NI+%&B8Y509$<
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/%?EU     $E%3D2N0F""

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
