1. Name and Address of Reporting Person
SOMERHALDER II, JOHN W.
EL PASO PIPELINE GROUP
9 GREENWAY PLAZA
HOUSTON, TX 77046
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/Year
12/2002
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
( ) Director ( ) 10% Owner
(X) Officer (give title below) ( ) Other (specify below)
PRESIDENT, PIPELINE GROUP
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/ | +-----------+---+----------+ Year | Indirect| Owner- |
| | Year) | Year) | |Amount |A/D|Price | | (I) | ship |
+------------------------------+----------+----------+---------+-----------+---+----------+--------------+-----------+------------+
Common Stock 328706 D
Common Stock 1874 I 401(k) Plan
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|at End |direct |Owner-|
|Security |Security|Year) |Year) | |(A) |(D) |cisable |tion Date |Title |Shares |Security |of Year|(I) |ship |
+----------+--------+-------+-------+---------+-----+-----+----------+----------+-------+--------+----------+-------+-------+------+
Stock $14.9688 01/12/2005 Common 6000 D
Option Stock
(right to
buy)
Stock $14.9688 01/13/2005 Common 24000 D
Option Stock
(right to
buy)
Stock $15.6875 01/19/2006 Common 40000 D
Option Stock
(right to
buy)
Stock $17.375 06/19/2006 Common 20000 D
Option Stock
(right to
buy)
Stock $18.4375 01/14/2004 Common 32800 D
Option Stock
(right to
buy)
Stock $35.4063 07/24/2008 Common 26250 D
Option Stock
(right to
buy)
Stock $42.125 10/25/2009 Common 125000 D
Option Stock
(right to
buy)
Stock $46.275 08/13/2011 Common 75000 D
Option Stock
(right to
buy)
Stock $62.975 01/29/2011 Common 148000 D
Option Stock
(right to
buy)
Explanation of Responses:
Includes 1,784 shares held under the El Paso Corporation Employee Stock Purchase
Plan.
SIGNATURE OF REPORTING PERSON
/s/ Alan Bishop (POA)
DATE
01/31/2003