Edgar Filing: Olmsted III Francis C

Ownership Submission

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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(h) of the Investment Company Act of 1940

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(Print or Type Responses)

1. Name and Address of Reporting Person ^*

Â Olmsted III Francis C

2. Date of Event Requiring Statement (Month/Day/Year)
11/10/2009

3. Issuer Name and Ticker or Trading Symbol
EL PASO CORP/DE [EP]

(Last)

(First)

(Middle)

EL PASO CORPORATION,Â 1001 LOUISIANA STREET

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

_____ Director	_____ 10% Owner
__X__ Officer (give title below)	_____ Other (specify below)
VICE PRESIDENT & CONTROLLER

5. If Amendment, Date Original Filed(Month/Day/Year)

(Street)

HOUSTON,Â TXÂ 77002

6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

(City)

(State)

(Zip)

Table I - Non-Derivative Securities Beneficially Owned

1.Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	17,360 ⁽¹⁾	D	Â

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.			SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security		6. Nature of Indirect Beneficial Ownership (Instr. 5)
Stock Option (Right to Buy) ⁽²⁾	01/29/2002	01/29/2011	Common Stock	10,000	$ 62.975	D	Â
Stock Option (Right to Buy) ⁽²⁾	08/13/2002	08/13/2011	Common Stock	10,000	$ 46.275	D	Â
Stock Option (Right to Buy) ⁽²⁾	04/01/2005	04/01/2014	Common Stock	2,344	$ 7.09	D	Â
Stock Option (Right to Buy) ⁽²⁾	04/01/2006	04/01/2015	Common Stock	5,117	$ 10.685	D	Â
Stock Option (Right to Buy) ⁽²⁾	03/01/2007⁽³⁾	03/01/2016	Common Stock	6,432	$ 12.905	D	Â
Stock Option (Right to Buy) ⁽²⁾	04/02/2008⁽⁴⁾	04/02/2017	Common Stock	12,097	$ 14.58	D	Â
Stock Option (Right to Buy) ⁽²⁾	04/01/2009⁽⁴⁾	04/01/2018	Common Stock	12,348	$ 16.705	D	Â
Stock Option (Right to Buy) ⁽²⁾	04/01/2010⁽⁴⁾	04/01/2019	Common Stock	19,847	$ 6.335	D	Â

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
Olmsted III Francis C EL PASO CORPORATION 1001 LOUISIANA STREET HOUSTON,Â TXÂ 77002	Â	Â	Â VICE PRESIDENT & CONTROLLER	Â

Signatures

s/ Marguerite Woung-Chapman (POA)		11/17/2009
^**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 5(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).
(1)	Includes shares of restricted stock which require shares to be withheld to satisfy tax obligations in the event these shares vest.
(2)	The nonqualified stock options permit the exercise price and/or tax obligation to be satisfied by withholding shares issuable thereunder.
(3)	One fourth of this grant vests each year on the anniversary date of the grant.
(4)	One third of this grant vests each year on the anniversary date of the grant.

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