SEC Form 4 · accession 0000070145-16-000156
NATIONAL FUEL GAS CO · NFG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David F Smith
Director
Period of report
Sep 1, 2016
Accepted (ET)
Sep 6, 2016 · 4:09 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 | Sep 1, 2016 | M | 41,783 | $39.475 | A | 214,507 | D | |
| Common StockF1 | Sep 1, 2016 | S | 41,783 | $56.526 | D | 172,724 | D | |
| Common Stock | Sep 2, 2016 | M | 18,217 | $39.475 | A | 190,941 | D | |
| Common StockF2 | Sep 2, 2016 | S | 7,200 | $57.326 | D | 183,741 | D | |
| Common Stock | holding | — | — | — | 51,902 | I | Held by Spouse | |
| Common StockF3 | holding | — | — | — | 17,690 | I | 401k Trust | |
| Common StockF4 | holding | — | — | — | 1,863 | I | ESOP Trust |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (Right to Buy) | $39.475 | Sep 1, 2016 | M | 41,783 | D | Dec 6, 2007 | Dec 6, 2016 | Common Stock | 41,783 | 18,217 | D |
| Employee Stock Option (Right to Buy) | $39.475 | Sep 2, 2016 | M | 18,217 | D | Dec 6, 2007 | Dec 6, 2016 | Common Stock | 18,217 | 0 | D |
Explanation of responses
- F1The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $56.50 to $56.68, inclusive. The reporting person undertakes to provide National Fuel Gas Company, any security holder of National Fuel Gas Company, 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 range.
- F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $57.00 to $57.544, inclusive. The reporting person undertakes to provide National Fuel Gas Company, any security holder of National Fuel Gas Company, 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 range.
- F3The 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 September 2, 2016, as reported by the plan administrator, divided by the closing price of NFG common stock on that date.
- F4The NFG employee stock ownership 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 ESOP as of September 2, 2016, as reported by the plan administrator, divided by the closing price of NFG common stock on that date.