SEC Form 4 · accession 0001562180-18-001113

NATIONAL FUEL GAS CO · NFG

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

Reporting owner

Officer — Pres - Seneca Resources

Period of report

Feb 20, 2018

Accepted (ET)

Feb 22, 2018 · 12:19 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	Feb 20, 2018	M	4,166	$49.646	A	27,072	D
Common Stock^F1	Feb 20, 2018	D	3,976	$49.646	D	23,096	D
Common Stock^F1	Feb 20, 2018	F	44	$49.646	D	23,052	D
Common Stock^F2	holding	—	—		—	7,598	I	401k Trust
Common Stock^F3	holding	—	—		—	29,792	I	By limited liability company
Common Stock	holding	—	—		—	1,747	I	By reporting person and spouse as trustees for child
Common Stock	holding	—	—		—	1,747	I	By reporting person and spouse as trustees for child

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	4,166	D	Feb 20, 2009	Feb 20, 2018	Common Stock	4,166	0	D

F1A stock appreciation right with respect to 4,166 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 3,976 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, 44 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.
F2The 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.
F3The reporting person and his spouse are the sole members of the limited liability company.