SEC Form 4 · accession 0001239209-15-000008
ONEOK INC /NEW/ · OKE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John William Gibson
Officer — Chairman of the Board · Director
Period of report
Jul 17, 2015
Accepted (ET)
Jul 22, 2015 · 6:13 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001039684
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, par value $.0.01 | Jul 17, 2015 | M | 332,860 | $40.575 | A | 1,243,691 | D | |
| Common Stock, par value $.0.01 | Jul 17, 2015 | F | 149,289 | $40.575 | D | 1,094,402 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Deferred Restricted Award/Phantom Stock (1-1-07)F1 | — | Jul 17, 2015 | M | 332,860 | D | — | — | Common Stock, par value $.0.01 | 332,860 | 0 | D |
Explanation of responses
- F1Restricted units awarded under the Issuer's Equity Compensation Plan. The award vested on January 1, 2012. Restricted units were payable one share of the Issuer's common stock for each vested performance unit. The reporting person elected to defer receipt of the 300,000 shares of the Issuer's common stock to which the reporting person was entitled upon vesting and which were reported as phantom stock in Table II. Of the 300,000 shares, the reporting person surrendered 4,457 shares to cover taxes applicable to the vesting, resulting in the deferral of the 295,543 net shares remaining. Each share of the phantom stock is the economic equivalent of one share of the Issuer's common stock. Since January 1, 2012, the award earned 37,317 in dividend equivalents, for a total of 332,860 shares of which 149,289 shares were surrendered to pay taxes, resulting in 183,571 shares issued to the reporting person.