SEC Form 4 · accession 0000899243-15-000825
Columbia Pipeline Group, Inc. · CPGX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Glen L Kettering
Officer — PRESIDENT
Period of report
Jul 2, 2015
Accepted (ET)
Jul 7, 2015 · 5:40 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001629995
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 2, 2015 | A | 138,114 | $0.00 | A | 203,683 | D | |
| Common Stock, Par Value $0.01 | holding | — | — | — | 44,197 | I | 401(k) Plan |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom StockF2,F3 | $0.00 | Jul 2, 2015 | A | 69,373 | A | — | — | Common Stock | 69,373 | 69,373 | D |
Explanation of responses
- F1Reflects restricted stock units payable in shares of the Company's common stock under the issuer's Long-Term Incentive Plan. Pursuant to the Employee Matters Agreement between Columbia Pipeline Group, Inc. ("CPG") and NiSource Inc. ("NiSource") dated June 30, 2015 (the "EMA"), each restricted stock unit and certain performance stock units held by the reporting person immediately before the spin-off of CPG that was granted to the reporting person pursuant to an equity plan of NiSource has been converted into a restricted stock unit of CPG.
- F2Represents phantom stock units acquired by the reporting person as a result of the substitution of phantom stock units of CPG for the phantom stock units of NiSource held by the reporting person prior to the spin-off of CPG from NiSource. This substitution occurred pursuant to the terms of the EMA.
- F3The phantom stock units are to be settled following the reporting person's retirement or other termination of service.