SEC Form 4 · accession 0000070145-16-000197
NATIONAL FUEL GAS CO · NFG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David P Bauer
Officer — Treasurer & Prin. Fin. Officer
Period of report
Dec 19, 2016
Accepted (ET)
Dec 21, 2016 · 3:11 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 | Dec 19, 2016 | M | 422 | — | A | 15,859 | D | |
| Common StockF2 | Dec 19, 2016 | F | 157 | $58.01 | D | 15,702 | D | |
| Common StockF1 | Dec 19, 2016 | M | 472 | — | A | 16,174 | D | |
| Common StockF3 | Dec 19, 2016 | F | 175 | $58.01 | D | 15,999 | D | |
| Common StockF4 | holding | — | — | — | 6,860 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F5 | — | Dec 19, 2016 | M | 422 | D | — | — | Common Stock | 422 | 0 | D |
| Restricted Stock UnitsF1,F6 | — | Dec 19, 2016 | M | 472 | D | — | — | Common Stock | 472 | 473 | D |
Explanation of responses
- F1Restricted stock units convert into common stock on a one-for-one basis.
- F2On December 19, 2016, the reporting person had 157 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.
- F3On December 19, 2016, the reporting person had 175 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.
- F5On December 19, 2013, the reporting person was granted 1,264 restricted stock units, vesting as follows: 421 on December 19, 2014, 421 on December 19, 2015, and 422 on December 19, 2016.
- F6On December 19, 2014, the reporting person was granted 1,417 restricted stock units, vesting as follows: 472 on December 19, 2015, 472 on December 19, 2016, and 473 on December 19, 2017.