SEC Form 4 · accession 0001127602-15-018135
EQT Corp · EQT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David L Porges
Officer — Chairman President & CEO · Director
Period of report
May 19, 2015
Accepted (ET)
May 21, 2015 · 4:50 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000033213
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | May 19, 2015 | M | 57,200 | $43.92 | A | 530,799 | D | |
| Common StockF1 | May 19, 2015 | F | 42,247 | $88.48 | D | 488,552 | D | |
| Common Stock | May 19, 2015 | M | 76,800 | $38.53 | A | 565,352 | D | |
| Common StockF2 | May 19, 2015 | F | 54,259 | $88.66 | D | 511,093 | D | |
| Common StockF3 | May 19, 2015 | S | 31,094 | $87.86 | D | 479,999 | D | |
| Common StockF4 | May 19, 2015 | S | 6,400 | $88.50 | D | 473,599 | D | |
| Common Stock | holding | — | — | — | 5,911 | I | Savings Plan |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Option (Right to Buy)F5 | $43.92 | May 19, 2015 | M | 57,200 | D | Dec 31, 2010 | Jan 1, 2017 | Common Stock | 57,200 | 0 | D |
| Option (Right to Buy)F6 | $38.53 | May 19, 2015 | M | 76,800 | D | Dec 31, 2010 | Aug 2, 2017 | Common Stock | 76,800 | 0 | D |
Explanation of responses
- F1On May 19, 2015, Mr. Porges exercised 57,200 previously reported stock options. EQT Corporation, consistent with its practice, withheld 42,247 shares to satisfy the tax liability and exercise price associated with these options.
- F2On May 19, 2015, Mr. Porges exercised 76,800 previously reported stock options. EQT Corporation, consistent with its practice, withheld 54,259 shares to satisfy the tax liability and exercise price associated with these options.
- F3The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $87.43 to $88.42, inclusive. The reporting person undertakes to provide EQT Corporation, any security holder of EQT Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (1) and (2) to this Form 4.
- F4The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $88.44 to $88.56, inclusive.
- F5January 1, 2010 was the grant date of the options. The options vested in three tranches with 50% vesting on December 31, 2010, 25% vesting on December 31, 2011 and 25% vesting on December 31, 2012.
- F6August 2, 2010 was the grant date of the options. The options vested in three tranches with 50% vesting on December 31, 2010, 25% vesting on December 31, 2011 and 25% vesting on December 31, 2012.