SEC Form 4 · accession 0000070145-16-000106

NATIONAL FUEL GAS CO · NFG

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — President-Seneca Resources

Period of report

Mar 17, 2016

Accepted (ET)

Mar 18, 2016 · 2:36 pm EDT

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	Mar 17, 2016	M	8,333	$47.37	A	100,418	D
Common Stock^F1	Mar 17, 2016	D	7,773	$50.785	D	92,645	D
Common Stock^F1	Mar 17, 2016	F	154	$50.785	D	92,491	D
Common Stock^F2	holding	—	—		—	2,676	I	401k Trust

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Stock Appreciation Right	$47.37	Mar 17, 2016	M	8,333	D	Feb 20, 2009	Feb 20, 2018	Common Stock	8,333	0	D

F1On March 17, 2016, the reporting person exercised a stock appreciation right with respect to 8,333 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 7,773 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 154 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.
F2The NFG stock fund under the NFG 401(k) plan is denominated in units, representing ownership interests in a fund that includes both NFG common stock and a reserve of cash. The information reported represents the dollar value of the reporting person's balance in the NFG stock fund as of March 17, 2016, as reported by the plan administrator, divided by the closing price of NFG common stock on that date.