SEC Form 4 · accession 0001127602-17-035445
EQT Corp · EQT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David L Porges
Officer — Chairman · Director
Period of report
Dec 21, 2017
Accepted (ET)
Dec 22, 2017 · 4:26 pm EST
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 | Dec 21, 2017 | M | 76,700 | $44.84 | A | 515,301 | D | |
| Common StockF1 | Dec 21, 2017 | F | 69,135 | $55.36 | D | 446,166 | D | |
| Common Stock | holding | — | — | — | 50,000 | I | Porges Family Trust | |
| Common Stock | holding | — | — | — | 5,942 | 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)F2 | $44.84 | Dec 21, 2017 | M | 76,700 | D | Jan 1, 2012 | Jan 1, 2018 | Common Stock | 76,700 | 0 | D |
Explanation of responses
- F1On December 21, 2017, Mr. Porges exercised 76,700 previously reported stock options. EQT Corporation, consistent with its practice, withheld 69,135 shares to satisfy the tax liability and exercise price associated with these options.
- F2January 1, 2011 was the grant date of the options. The options vested in two tranches with 50% vesting on January 1, 2012 and 50% vesting on January 1, 2013. The options would have expired if not exercised on or before December 31, 2017.