1. Name and Address of Reporting Person
KUEHN, JR., RONALD L.
1900 FIFTH AVENUE NORTH
BIRMINGHAM, AL 35203
2. Issuer Name and Ticker or Trading Symbol
EL PASO CORPORATION (EP)
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Statement for Month/Day/Year
03/25/2003
5. If Amendment, Date of Original (Month/Day/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
(X) Director ( ) 10% Owner
(X) Officer (give title below) ( ) Other (specify below)
CHAIRMAN OF THE BOARD & CEO
7. Individual or Joint/Group Filing (Check Applicable Line)
(X) Form filed by One Reporting Person
( ) Form filed by More than One Reporting Person
TABLE I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
+------------------------------+----------+----------+---------+--------------------------+--------------+-----------+------------+
|1. Title of Security |2. Trans- |2A.Execu- |3. Trans-|4. Securities Acquired (A)|5. Amount of |6. Owner- |7. Nature |
| | action | action | action| or Disposed of (D) |Securities | ship | of In- |
| | Date | Date | Code | |Beneficially | Form: | direct |
| | | | | |Owned | Direct | Bene- |
| | (Month/ | (Month/ | | |Following | (D) or | ficial |
| | Day/ | Day/ +-----+---+-----------+---+----------+Reported | Indirect| Owner- |
| | Year) | Year) |Code |V |Amount |A/D|Price |Transaction(s)| (I) | ship |
+------------------------------+----------+----------+-----+---+-----------+---+----------+--------------+-----------+------------+
Common Stock 03/21/2003 03/21/2003 A 50000 A $0.0000 298492 D
Common Stock 0 I 401 (K) Plan
Common Stock 4200 I Trust for
Children
Common Stock 22500 I By Spouse
Common Stock 20 I By Children
TABLE II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
+----------+--------+-------+-------+---------+-----------+---------------------+----------------+----------+-------+-------+------+
|1. |2. |3. |3A. |4. |5. |6. |7. |8. |9. |10. |11. |
| | | | | | | | | |Number |Owner- | |
| | | | | | | | | |of |ship | |
| | | | | | | | | |Deriv- |Form of| |
| | | | | | | |Title and Amount| |ative |Deriv- | |
| | | | | | | |of Underlying | |Secur- |ative |Nature|
| |Conver- |Trans- |Execu- | |Number of | |Securities | |ities |Secur- |of |
| |sion or |action |tion | |Derivative |Date Exercisable +-------+--------+ |Benefi-|ity: |In- |
| |Exercise|Date |Date | |Securities |and Expiration Date | |Amount | |cially |Direct |direct|
| |Price of| | |Transac- |Acquired(A)|(Month/Day/Year) | |or | |Owned |(D) or |Bene- |
|Title of |Deriv- |(Month/|(Month/|tion Code|Disposed(D)+----------+----------+ |Number |Price of | |In- |ficial|
|Derivative|ative | Day/ | Day/ +------+--+-----+-----+Date Exer-|Expira- | |of |Derivative| |direct |Owner-|
|Security |Security|Year) |Year) |Code |V |(A) |(D) |cisable |tion Date |Title |Shares |Security | |(I) |ship |
+----------+--------+-------+-------+------+--+-----+-----+----------+----------+-------+--------+----------+-------+-------+------+
Stock $6.535 03/21/2 03/21/2 A 12500 03/21/2004 03/21/2013 Common 125000 $0.0000 125000 D
Option 003 003 0 Stock
(right to
buy)
Explanation of Responses:
Restricted stock granted pursuant to the 2001 Omnibus Incentive Compensation
Plan. Restricted stock vests based on time or upon the achievement of certain
performance measures. Shares of stock are required to be withheld to satisify
tax obligations in the event these shares vest.
Share balance has increased as a result of an In-Kind distribution of shares
from the reporting person's 401 (K) account.
The nonqualified stock options permit the exercise price and/or tax obligation
to be satisfied by withholding shares issuable thereunder.
The stock options vest after one year of continious employment or earlier if
certain performance measures are achieved.
SIGNATURE OF REPORTING PERSON
/s/ David Siddall (POA)
DATE
03/24/2003