SEC Form 4 · accession 0000070145-15-000014
NATIONAL FUEL GAS CO · NFG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Matthew D Cabell
Officer — President-Seneca Resources
Period of report
Feb 26, 2015
Accepted (ET)
Mar 2, 2015 · 3:06 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000070145
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Feb 26, 2015 | M | 35,000 | $29.88 | A | 114,288 | D | |
| Common StockF1 | Feb 26, 2015 | D | 15,834 | $66.05 | D | 98,454 | D | |
| Common StockF1 | Feb 26, 2015 | F | 6,000 | $66.05 | D | 92,454 | D | |
| Common StockF2 | Feb 26, 2015 | J | 68 | $0.00 | A | 2,180 | I | 401k Trust |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Appreciation RightF3 | $29.88 | Feb 26, 2015 | M | 35,000 | D | — | Dec 22, 2018 | Common Stock | 35,000 | 0 | D |
Explanation of responses
- F1On February 26, 2015, the reporting person exercised a stock appreciation right with respect to 35,000 shares of Common Stock of the Company. In connection with this exercise, the reporting person was deemed to have sold back to the Company shares of Common Stock of the Company having a value equal to the exercise price of the stock appreciation right. This deemed sale of 15,834 shares is shown on Table I as a disposition (Transaction Code "D" in column 4), although none of these shares were sold into the open market, as indicated by Transaction Code "D" in column 3. Additionally, the reporting person had 6,000 shares of Common Stock of the Company withheld and cancelled to cover minimum tax withholding. This share cancellation is shown on Table I as a disposition (Transaction Code "D" in column 4), although none of these shares were sold into the open market, as indicated by Transaction Code "F" in column 3.
- F2Routine acquisition under the NFG 401(k) Plan Trust, exempt under Rule 16b-3(c), a non-reportable transaction.
- F3The stock appreciation right became exercisable as follows: 15,000 on December 22, 2010 and 20,000 on December 22, 2011.