D

POSITION NAME OF ORGANIZATION/ENTJTY

·-------- ··------- --------------------

PARTIES AND TERMS

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. Report Required by the Ethics AO JO FINANCIAL DISCLOSURE REPORT in Government Ac1of1978Rev. 112010 FOR CALENDAR YEAR 2009 (5 USC opp.§§ 101-111)

l. Person Reporting (last name, first, middle initial)

Hughes, Lynn N.

2. Conrt or Orgaoizatioo

Southern District of Texas

3. Dale of Report

08/04/2010

4. Title (Article IIl judges indicate active or senior status; magis1ra1e judges indicare full- or pan-time)

District Judge

Sa. Report Type (check appropriate type)

D Nomination, !Tdlc

Initial Annual D Final

5b. D Amended Repoll

6. Reporting Period

01/01/2009 to

1213112009

7. Chambers or Office Address

Suite 11122 515 Rusk Avenue Houston, Texas 77002-2605

8. On the basis of the information contamed in this Report and any modifications pertaining thereto, it is, in my o>pinion, in compliance wi1b applicable laws and regulatio>ns.

Reviewing Officer Uatt_ __

IMPORTANT NOTES: The instructions accompanying thisform must be followed. Complete all parts, checking the NONE box for each part where you h«Ye no reportable informatiolL Sign on la.>t page.

J. POSJTJ ONS. (R porting indi.,idua/ only; .tee pp. 9-B nfftling instrucuons.)

D NONE (No reportable positions.)

J . Independent Executor Estate Four (no interest, no compensation) ----·----·-

2. ......,

. ..,

3. ::->

(.::;} -,4. "'

.·-.,I

5. -·-

. .

\ . .') _J

Il, AGREEMENTS. (Reporting individual only; see pp. 14-16 of filing instructions.)

0 NONE (No reportable agreements.)

l.

2.

3.

SOURCE AND TYPE

SOURCE

COME

--------------------------------------- ·------------ ------

SOURCE LOCATION PURPOSE ITEMS PAJD OR PROVIDED

4.

FINANCIAL DISCLOSURE REPORT

Page 2of11

Name or Person :Reporting

Hugbes, l.ynn N.

Date of Reporr

08/0412010

HJ. N 0 N-INVES TMENT IN CO ME. (Reporring individual and sp1>use; supp. J 7-14 of filing instructi1>ns.)

A. Filer's Non-Investment Income

G2J NONE (No reportable non-investment income.)

TN (yours, not spouse's)

1.

2.

3.

4.

B. Spouse's Non-Investment Income - lfyt>u were married during any portion of the reporting year, complete 1hissectio1L

(Dollar amount nol required e.xcept for honoraria.)

G2J NONE (No reportable non-investment income.)

AND TYPE

I.

2.

3.

4.

IV. REIMBURSEMENTS - transponatit>n, lodgi11g,food, mltrtainment.

(/ncludes those to spouse and dependent children; .ree pp. 2 5-27 of filing instructions.)

D NONE (No reportable reimbursements.)

nAIE.S

I. Geo. Mason Univ. Law & Economics Center

10/02-03

2. Geo. Mason Univ. Law & Economics Center

I 0121-24

Alexandria, Virginia

San Diego, California

Advisory Board Partial travel, room, board

Symposium Partial travel, room, board

J. American Assoc of Petroleum 3118-19 Wichita Falls, Texas Lecture Note Four Geologists

AAPG 4113-14 Dallas, Texas Lecture

5. AAPG 4120-21 Billings, Montana Lecture

6. AAJ>G 05/06-07 Midland, Texas Lecture

FINANCIAL DISCLOSURE REPORT

Page 3of11

Name of Person Reporting

Hughes, Lynn N.

Date of Report

08/0412010

7. AAPG 10128-29 Midland, Texas Lecture

8. AAPG I lil8-19 Austin, Texas Lecture

9. University of Georgia l/27-29 Athens, Georgia Lecture Series Partial travel, room, board

SOURCE

CREDITOR DESCRJPTION

VALUE

Name of Person Reporting Date of Report FINANCIAL DISCLOSURE REPORT

Page 4of11 Hughes, J.ynn N. 08/0412010

V. GIFTS. (Includes those to spouse and dependem children; see pp. 18-31 of filing instructions.)

[2J NONE (No reportable gifts.)

DESCRIPTION

I.

2.

3.

4.

5.

VJ. LIABILITIES. (Includes tltose o/spouu and dependent children; see pp. 31-33 of filing instructions.)

[2J NONE (No reportable liabilities.)

VALUE CODE

I.

2.

3.

4.

5.

A. ---r-== :--Gross

1 ;;::1:: g., '1 ����mjng:� --f-��l:� -.-1--�-- TI:;n ________________________ _____________ J_

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17.

I

I

i

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FINANCIAL DISCLOSURE REPORT Page 5of11

Name of Person Reporting

Hughes, Lynn N.

Oat• of Report

08/04/2010

VII. INVESTMENTS and TRUSTS - income, value, transacoons r1m:1ut1es those ofspouse and dependent ,.hi/dun; see pp. 14-60 of filing instructions.)

D NONE (No reportable income, assets, or transactions.)

Description of Assets (includingtrust assets)

Place "(X)" after each assetexempt from prior disdosure

· · ·------ ·1 va e at end .. T Transactions duri g reporting period

I lde of , Code l ! div., rent, Code 2 Method buy, seU, i mmidd/yy I Code 2 , Code I J buyer/seller

I I (A-H) !. orinL) (J-P) ode3 redemption) I

i (J-P) ; (A-H) ! (ifprivatel 1 I (Q-W) , ' )

• transaction) \L. ---···---·-- ····--·------- -----'----··--·--···--······ _ __ J __ ···--- · _____ L ___ · · · · -- ·· ------'

l. ***** Land*••****

2. Tract One, grazing, Colorado County, Texas

}. Tract Two, rice. Colorado & Wharton Counties, Texas

4. [no entry]

5. ***** lRA One***"'***

6. FundSource

7. ***** IRA Two•••*••••

8. FundSource

. 9. ***** Equities One*****

\ 10. Sun Micro

JI. Prosperity Bancshares

12. Chevron

13. Wells Fargo & Co

14. *•••• Equities Two+•••+••

15. Wells Fargo & Co

i 16. ••*** Estate Four••••••

UBS Cashfund

i. JocoO'l( Gain Codes: A SI .000 or '""' {See Columns 81and04)

2, Valoe Codes (See Columns Cl aodDJ)

F S0.001 • SI00.000 J sSI S.000 or lcos N =S2SO.OOI - SS00.000

c

E

A

A

A

c

E

c

A

3. Value Method Codes isc-e Column C2)

PJ s2 .ooo.001 - s!-0.000.000 O=Appn;,.., U '"-Book VaJuc

*******

Rent M

RenI N

*******

Distnoution L

..........

Distribution K

*******

None J

Dividend L

Dividend M

Dividend Pl

........

Dividend M

•••••••

Interest J

B 91.001 · S2.500

G=SI00.001-Sl.000.000 K •SIS.001··150.000

0 =SS00.001 · Sl.000.000

R ::Cosl tReal E'>-tatc Only) v -=01hC1'

*******

R Devise

R Devise

.......

T

•••*••••

T

........

T

T

T

T

******

T

********

T

C "'1>Z.501 · SS.000

1-11 =S1.ooo.001. ss.000.000 L =SS0.001 · SI00.000 Pl 41.fXlOJlOI - SS.000.000

P4 =More than 3.50,000,000 S=As."iCSsment W=ol:.Slimaled

· ·-

L

K

D=SS.001-SIS.OOO

H2 =-More than S5.000.000 M =$I 00.001 5250.(J()()Pl •Ss,000,001 • $25Jl00.000

T =Cash Market

*******

I

12130/l 991 $185,500

12/3011991 $332,112

*******

......... ,.,.

*******

******

••*•***

Note One

E =$15.001 - J50,000

;

T 2i .. T 1L ""'f v��:-"-- T 1i .= --r .1 - �i mm/dd/yy

·---·--------··------···--·· -----�·- ______ _ ______ _,_i __

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Name nf Persnn Repnrring Date of ReportFINANCIAL DISCLOSURE REPORT Page 6of1 I Hughes, Lyon N. 08/04/2010

VJI. INVESTMENTS and TRUSTS - income, wdue, oansactiom (lnclude.s those ofspouse and dependentchildren; SUpp. 34-60 ,,,filing instructions.)

D NONE (No reportable income, assets, or transactions.) ....--....··---· ··-··----

-...-----·---- · ·--

B·-··----T --·----

(_:;_--------·-·--· ·-·----··--···-·---------·-·- · - - -- --- ·

· -1 ·

i:l.· L_;ome dwing i Gross value at end j Transactions during reponiog period

i of reporting period ireporting period

Code I i

Description ofAssets {including trust assets)

Place "(X)" after each asset exempt from prior discloswe Code l

(A-H) buyer/seller(if private

1ransac1ioo)

i Code 2

(J-J>) I:

Code 2 MethOO buy, sell, [iJ-P) Code 3 redemption) I I

i---- ------L----··- _? ---·-'-----·-· ·--··---L.________J

div., reot,(A-H) 1 or int.) j

------..

18. Putnam Global Equity A Distribution J T

19.

20.

21.

Templeton Grov.1h

***** Mutual Funds One ••u•u

AlM International Growth

A

c

Distribution

***•***

Distribution

l.

N

T

T

•*** ***

* ***** *• *

! 22. AIM International Asia-Pacific D Distribution 0 T

23. Belmar Capital Fund LLC D Distribution 0 T

24. Jennison Equity Opportumty B Distribution N T

25. AIM Basic Value c Distribution 0 T Sold 06/17/08 N Omitted in 2008

26. Jennison Mid Cap Growth B Distribution N T

! 27.

28.

Pioneer Mid Cap

Pioner Fd Cl

B

A

Distribution

Distribution

N T Buy

Sold

12/09

12108 N

29. Columbia Value & Restore c Distribution N T Buy 06/J8i08 N Omitted ill 2008

30.

31.

32.

AIM Dev MarkeLS

••••• Minernls ••••••••

MJ-03

D Distribution

None

0 T

···········*

Shut

........***•······*·

Everest Minerals-Whit i

33. Ml-IO A Royalty J w Prod Gather SJ Basin

34. Ml-16 B Royall)' K w Blue Door-ncey

I. Income Gain Codes: A =S1.000 or less B =Sl.001 • Sl.5-00 C =S2.501. 55,000 0=$5.001 • Sl5JJOO E Sl5,001 -$50,000 l (Sec Colwuns Bl 1md 04) · •S50,00I • SI00.000 G wSJ00.001- Sl,000.000 HI =SI .000.001 · $5.000.000 112 =Mo"' than $5.000.000

2 Value CO<ks J =$15.000 or less K =515,001 S50,000 L "S50JXJI - SIOOJJOO M •$100.001 5250,000· -· (Sec Columns. Cl and 03) N s2so.001 . ssoo.ooo 0 •5500.001 · Sl.000,000 Pl =11.000,001 15.000.000 P2 ">S5.000.00I · 525.000.000

rJ =US.000,001 • Sl0,000.000 P4 =More than 150.000.000

3. Value Method Codes Q "Appraisal R =C'())l."t (Rc-31 Estate Only) S:.:ASl><:SsnlC'Ot T =<.·ash Market (Sec Column C2) U =Book Value v ==Other w =Esriin.:ited

L---·---- --··

·---------D�:i- :

i ls ---- -- r--l:c==-: ng- r:=

Tra :c:ionsm1� ing peri=-------

!1,f:i":E, :�':I T,;1«- [:!TJfl-,..::.�.r

..

-----

---

' i

'

l

T

i

i t i !

! '

'

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-------- --··-- ····----- -- -----·-···-- ---··

-

--- - - v e ::end --

· r- - - --- - l

----- ----

Name of Person Reporting Date of ReportFINANCIAL DISCLOSURE REPORT Page 7of11 Hughes, Lynn N. 08/04/2010

VII. INVESTMENTS and TRUSTS - income, value, transactions (includes thou ofspouse and dependent children; SU pp. 34-60offlling instr ..ctions.)

D NONE (No reportable income, assets, or transactions.)

l:I[1

_!Idiv., rent,

oCode 2 Code 2 ! Code l Code I

r-

Pt :c.: ::g.:s· .,exempl from prior disclosure Method buy, sell, mmlddlyy buyer/selleri

I int) i (J-P) -i ICode 3 jJ-

' redemption) ! (J-P) I{A-H) (A-H) (if private I Ji ! (Q-W) traDSaotion)--· -· ·

- ·· · · ___,______,:_______L__· - ·- -------- --·- ----- ,__

- -35_ Ml-19 A Royalty J w McLane

36. Ml-21 A wRoyalty J Sun Oil

37_ Ml-22 A wRoyalty J Devon Energy

38. Ml-31 None Shut Wagner Oil Shier

39. Ml-33 None Undrilled Dudley Land Co.

40. Ml-35 A wRoyally K Evcrcst-Thoro-Drov.'11

4L Ml-36 A Royalty J w Flint Hills-cm! Exp

42. Ml-37 B wRoyalty J ConocoPhillips

•*•***** ******"* 43. •>+•• Money Marker Funds 0• ••••*••••

44_ Wells Fargo Advisor.; D In te est Lr T Note One

......... **************** i 45. ***** Bank Accounts•••••••

46. JPMOTgan-Chase A Interest K

'47_ Compass Bank - T A Interest K T Tmst Account

48. Compass Bank -G A Interest Closed 12/31 Closed

49_ Wells Fargo - I A Interest J T Opeo 12115 J Replaces Cornpass

rgo - 2 Wells Fa Interest M Tso_ c

SL

I. hlCome Gain Codes:

(See Columns BI aud D4)

2. Value Codes

(See Columns Cl and DJ)

). Value Method Codes (Soc Column C2)

A s1.ooo oi I= F <S50.00 I · SI 00.000 ·J =>S 15.000 ur less N s2so.001 • S500.ooo Pl =$25.000.001 - 150,000.000 0 =Appraisal

U =Hook Value

ll =SUJOI. U.500

G "'1100.001 - SI .000.000

K •Sl .001 • SS0,000o ·S500.00I -Sl.000.000

R "COS! (Roi em1e Only) v "OthC'r

c =$2.501 - $5,000 111 =S 1.000.001 - $5.000.000 L =Sl0.001 -1100.000

Pl =Sl.000.001 -Sl,000.000

f'4 =Mort:' than SSO.()(X'),000 S=As.scssmcntW "-'E$tlma1ed

D =$5.00 I - S 15.000 E =$15.001 - $50.000 H2 -More than 15.000.000 M =SI00.001 - S250,000 P2 =S5JJOO.OOI - $25,000,000

T=Cash Market

···-:ron!du::g-end

- -1 -····--

··

Tran.=:�= ��===

11.2Ef5�r.g.---�,<���f J!- r .:;« -!' -��. I --

L_t_ - -' ____ '

i 58

_I

!

!

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i I

·-----

Name or Person Reporting Date of Report FINANCIAL DISCLOSURE REPORT Page 8of11 Hughes, Lynn N. 08/0412010

Vil. INVESTMENTS and TRUSTS - inconu, .a1,.,,, transactions (Inc1ut1,,. those of spouse and t1epent1en1 chiutren; see pp. 3-t-6o of Ji11n8 ins1ruc1fons.J

D NONE (No reportable income, assets, or transactions.) · -. · -A. - 1 Gross at

-- ····· ,· · --Description of Assets e

(including trust assets)

(5) -

Place "(X)" after each asset v n Identity of Code Iexempt from prior disclosure div., rent, , Code 2 i Method j buy, seU, mm/dd/yy Code 2 Code I buyer/seller

I j I•• (A-H) or int.) (l-P) [ Code3 1 redemption) · (J-P) (A-H) (if private!I transaction)IL- ·-··-· - . ·····-····-··--- -···--·· _.l_ _ --- _L ·-- ___L__ ·-----· · -

-···-······1-.......-

52. ... ,.. Mutual Funds Two ****** ********* •******* *******

53. Delaware US Growth None 0 T

54. Delaware International Equity B Distribution Sold 2/20 L

55. Delaware Trend A Distribution N T Buy 2/13 M (add'!)

56. Van Kampen Emerging Markets None l. T Sold 12108 N

57. Delaware Small Cap Value A Distribution T

Jennison Equity Opportunity D Distribution M T Buy 2/13 M (add' I)

59. Delaware Diverse Value D Distribution N T

60. Delaware Global Value B Distribution L T Buy l/29 M

61. Dryden Global Real Estate [Prudential] B Distribution L T Buy 2/13 M Name change to Prudential

62. Lord Abbott Global Dev Mkt A Distribution M T Buy 12/09 M

63. ***** Govennenl Bonds•••*••• ••••••• .. *"****** *******

64. Houston Utility A Interest K T Buy 1019 K

65. Lower Colorado River A Interest I. T Buy 10/9 L

66. Harris County Beallh A Interest l. T Buy 2/29 L

67. Roma ISO A Interest J T Buy 12122 J

68. Arizona Student Housing li Interest Redeemed 9/01 L

··-- ··---·····-· --- · ·-· ·· ··-·, - - 1. -'. Jncomc Gain Codes: A =St.000 or less B-Sl.Olll -S.2.500 C =SZ.501 • S5.000 0 =SS,OOI • SJ 5,000 E =S 15,001 · . SS0.000

iSce Columns Bl and 04) f -S50.00 t SI 00,000 G cSI 00.00 I • S 1.000.000 Ill =SI ,000,001 SS,000.000 112 ore than SS.000.000 -2. Value Codes J c$ 15.000 or ks.'i K =S 15.001 • S50.000 L =SS0,001 - SI00.000 M =S 100.001 • 5250,000

(See Columns C I and 03) N s2so.001 . ssoo.<100 O•SS00.001. Sl.000,!JOO Pl =S 1.000.001 · SS.000.000 P2 =SS,000,00! • S25.000.000 I P3 =S25,000.001 • S50,000,000 P4 ='More than $50.000.000 I

3. Value Method Coc.lc.s Q=Appr.ais:il R '"{;Q6l (Real Estale Only) S =Assessment ·r =Cash Mart.ct (Sec Coturnn C2) U =Boo Value v =Other W •.:Estimated

---

buyerlsel;! I : = lio::rg.- :�i:°mi·ng_!r. \- ;; --,- ;e ---1 ;;

_L

I ! n I

(See-=:lumn

!

sz.so1

J

Name of Penon Reporting Dale ofReporl FINANCIAL DISCLOSURE REPORT

Page 9of11 Hughes, Lyon N. 08/0412010

VII. INVESTMENTS and TR US TS - income, value, transactions (Includes those of spouse and dqun11en1 children; see pp. 34-60 of .filing instrumons.J

D NONE (No reportable income, assets, or transactions)

r ---- Description of Assets

(including trust assets)

Place "(X)" after each asset exempl from prior disclosure

'--------------

A.---------- __T___ s:-1 Income durin

g Gross value at end Transacnons dunng reportmg period

I Code I div., rent, Code 2 Method buy, sell, mm/dd/yy Code 2 i Code I

i ��: :- ::n- ;\,----(A-H) \ or int) . (J-P) . Code3 redemption) I i (J-P) : (A-H) ; (ifpnvate I

-----------·----- ____!__ _l_(Q-W} ___________1 ____ - _ _i____ L_ _ri::�ct�� 1

69. Carrolton, Texas

70. New Braunfels - 2

71. ••*** Addeoda *******

72. Ml-38

Ml-39

74. Ml-01

75. ***•* End *****

B

B

A

Interest K

Interest K

........

Royalty J

None J

None J

T

T

*************

w SW Operating

w Evercst-Hiljc Land

w Remainder nowreportable

*****•*****••••

I. Income Gaio Codes: Sec Columns 81 .and 04)

2. Value Codes (Sec ColulllXU Cl ..d D3l

3. V3Jue Method Codes I __

A =SI .000 0< less F =S50,001 - SI00,000 J =SI 5.000 Of less N 4250.(JOI - $500.000 P3 •S25.000.001 - SS0,000,000 Q=Appra1snJ U "-Book Value

e =Sl.001 -Sl.500 G=U00.001-Sl.000.000 K =SI 5.001 - SS0,000 O=S>00.001 -Sl.000,000

R =COSI (Real EsU!tc Only) V hcr

c -s5.ooo ____ · · --·o 15.ooi- sls.ooo -- --E:Sis.oot:Ssil.0001

HI =SI ,000.001 -$5.000.000 112 _

=More than SS.000.000 IL =U0.001 - 5100.000 M-SI00.001- S250.000 .

Pl =SL000.001 - SS.000.000 P4 =More than 150.000,.000 S =Assessment W "'*Estima1cd

Pl 5.000.001 -S25,000.000

T :.---Ca'ih Market

Name of Person Reporting Date of Report FINANCIAL DISCLOSURE REPORT

Hughes, Lynn N. 08/0412010Page 10of11

VIII. ADDITIONAL INFORMATION OR EXPLANATIONS. (Indicate part of Report.)

Note One: Cash balances in brokerage and bank accounts are swept into money-markets funds or minuicipal money-market funds.

Note Two: Capital gains in mutual funds are automatically reinves1ed.

Note Three: [none}

Note Four: The American Association of Petroleum Geologists has appoimed me its distinguished lecture for ethics. No fee or honorium. lt partially reimburses me for room, board, and travel.

The lectures are funded from its foundation. The AAPG has 36,000 members around the world.

Name of Person Reporting Dale of Rep<>rtFINANCIAL DISCLOSURE REPORT

Page 11 of 11 Hughes, Lynn N. 08/04/2010

IX. CERTIFICATION.

I certify that all information given above (including information pertaining to my spouse and minor or dependent children, if any) is accurate, true, and complete to the best of my knowledge and belief, and that any information not reported was withheld because it met applicable statutory provisions permitting non-disclosure.

I further certify that e arned income from outside employment and honoraria and the acceptance of gifts which have been reported are in compliance with the provisions of S U.S.C. app. § 501 et. seq., S U.S.C. § 7353, and Judicial Conference regulations.

NOTE: ANY INDIVIDUAL WHO KNOWlNGl.Y AND WILFULl,Y FALSIFIES OR FAILS TO FILE THIS REPORT MAY BE SUBJECT TO CIVIL AND CRIMINAL SANCTIONS (S U.S.C. app. § 104)

FJLING JNSTRUCTIONS

Mail signed original and 3 additional copies to:

Committee on Financial Disclosure Administrative Office of the United States Courts Suite 2-301 One Columbus Circle, N.E. Washington, D.C. 20544