SEC Form 4 · accession 0001562180-17-003664

NATIONAL FUEL GAS CO · NFG

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

Reporting owner

Ronald C Kraemer

Officer — Pres - Empire Pipeline

Period of report

Nov 21, 2017

Accepted (ET)

Nov 22, 2017 · 12:53 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^F1	Apr 14, 2017	J	216	$53.72	A	28,853	D
Common Stock^F1	Jul 14, 2017	J	210	$56.79	A	29,063	D
Common Stock^F1	Oct 13, 2017	J	211	$57.22	A	29,274	D
Common Stock	Nov 21, 2017	M	1,166	$47.37	A	30,440	D
Common Stock^F2	Nov 21, 2017	D	956	$57.82	D	29,484	D
Common Stock^F2	Nov 21, 2017	F	78	$57.82	D	29,406	D
Common Stock^F3	holding	—	—		—	13,275	I	401(k) Trust
Common Stock^F4	holding	—	—		—	3,586	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
Stock Appreciation Right	$47.37	Nov 21, 2017	M	1,166	D	Feb 20, 2009	Feb 20, 2018	Common Stock	1,166	0	D

Explanation of responses

F1Acquired through dividend reinvestment plan, exempt under Rule 16a-11.
F2On November 21 2017, the reporting person exercised a stock appreciation right with respect to 1,166 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 956 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 78 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.
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 November 21, 2017, 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 November 21, 2017, as reported by the plan administrator, divided by the closing price of NFG common stock on that date.