SEC Form 4 · accession 0000070145-16-000196
NATIONAL FUEL GAS CO · NFG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John P McGinnis
Officer — President-Seneca Resources
Period of report
Dec 17, 2016
Accepted (ET)
Dec 20, 2016 · 3:01 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 StockF1,F2 | Dec 17, 2016 | M | 2,539 | — | A | 30,074 | D | |
| Common StockF3 | Dec 17, 2016 | F | 695 | $57.93 | D | 29,379 | D | |
| Common StockF4 | holding | — | — | — | 6,426 | I | 401k Trust | |
| Common StockF5 | holding | — | — | — | 13,615 | I | By limited liability company | |
| Common Stock | holding | — | — | — | 1,205 | I | By reporting person and spouse as trustees for child | |
| Common Stock | holding | — | — | — | 1,205 | I | By reporting person and spouse as trustees for child |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F6 | — | Dec 17, 2016 | M | 2,539 | D | — | — | Common Stock | 2,539 | 5,080 | D |
Explanation of responses
- F1Restricted stock units convert into common stock on a one-for-one basis.
- F2Excludes 1,686 shares previously owned directly which the reporting person now owns indirectly through a limited liability company.
- F3On December 17, 2016, the reporting person had 695 shares withheld and cancelled to cover minimum required tax withholdings due to the vesting of restricted stock units. These share cancellations are shown on Table I as dispositions (Transaction Code "D" in Column 4), although none of these cancelled shares were sold into the market, as indicated by Transaction Code "F" in Column 3.
- F4The 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 December 15, 2016, as reported by the plan administrator, divided by the closing price of NFG common stock on that date.
- F5The reporting person and his spouse are the sole members of the limited liability company.
- F6On December 17, 2015, the reporting person was granted 7,619 restricted stock units, vesting as follows: 2,539 on December 17, 2016, 2,540 on December 17, 2017, and 2,540 on December 17, 2018.