SEC Form 4 · accession 0001562180-18-001091
NATIONAL FUEL GAS CO · NFG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Karen M Camiolo
Officer — Controller
Period of report
Feb 20, 2018
Accepted (ET)
Feb 21, 2018 · 4:44 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 | Jan 12, 2018 | J | 206 | $55.83 | A | 27,971 | D | |
| Common Stock | Feb 20, 2018 | M | 1,666 | $49.646 | A | 29,637 | D | |
| Common StockF2 | Feb 20, 2018 | D | 1,590 | $49.646 | D | 28,047 | D | |
| Common StockF2 | Feb 20, 2018 | F | 30 | $49.646 | D | 28,017 | D | |
| Common StockF3 | holding | — | — | — | 12,733 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Appreciation Right | $47.37 | Feb 20, 2018 | M | 1,666 | D | Feb 20, 2009 | Feb 20, 2018 | Common Stock | 1,666 | 0 | D |
Explanation of responses
- F1Acquired through dividend reinvestment plan, exempt under Rule 16a-11.
- F2A stock appreciation right with respect to 1,666 shares of Common Stock of the Company was deemed to be exercised by the reporting person at the close of business on February 20, 2018, the scheduled expiration date of the right. 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 1,590 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, 30 shares of Common Stock of the Company were 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 February 20, 2018, as reported by the plan administrator, divided by the closing price of NFG common stock on that date.