SEC Form 4 · accession 0001140361-15-042614
NORTHWEST NATURAL GAS CO · NWN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Margaret D Kirkpatrick
Officer — Sr. VP
Period of report
Nov 19, 2015
Accepted (ET)
Nov 23, 2015 · 4:15 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000073020
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Nov 19, 2015 | M | 5,000 | $34.29 | A | 16,835 | D | |
| Common StockF1 | Nov 19, 2015 | S | 5,000 | $47.6807 | D | 11,835 | D | |
| Common StockF2 | holding | — | — | — | 786 | I | See Footnote |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option to BuyF4,F3 | $34.29 | Nov 19, 2015 | M | 5,000 | D | — | Feb 29, 2016 | Common Stock | 5,000 | 0 | D |
Explanation of responses
- F1This transaction was executed in multiple trades on reported date with prices ranging from $47.65 to $47.735, resulting in an average price of $47.6807. Northwest Natural Gas Company will provide upon request by the Commission staff or a security holder of the issuer full information regarding the number of shares purchased or sold at each separate price.
- F2Shares held in reporting person's account under issuer's Retirement K Savings Plan as of November 20, 2015.
- F3The option vested in four equal installments on February 22, 2007, and January 1, 2008, 2009 and 2010.
- F4Option was granted as part of compensation for services. The option was exercised in a cashless exercise.