SEC Form 4 · accession 0001140361-16-057805
NORTHWEST NATURAL GAS CO · NWN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David R Williams
Officer — Vice President
Period of report
Mar 11, 2016
Accepted (ET)
Mar 15, 2016 · 3:44 pm EDT
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 | Mar 11, 2016 | M | 2,000 | $44.48 | A | 6,585 | D | |
| Common StockF1 | Mar 11, 2016 | S | 2,000 | $51.3434 | D | 4,585 | D | |
| Common StockF2 | holding | — | — | — | 2,374 | I | See Footnote | |
| Common StockF3 | holding | — | — | — | 3,871 | 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 BuyF5,F4 | $44.48 | Mar 11, 2016 | M | 2,000 | D | — | Feb 28, 2017 | Common Stock | 2,000 | 0 | D |
Explanation of responses
- F1This transaction was executed in multiple trades on reported date with prices ranging from $51.31 - $51.39, resulting in an average price of $51.3434. 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 are held in reporting person's account under issuer's Retirement K Savings Plan as of February 29, 2016.
- F3Reflects shares that have been credited to reporting person's account under the issuer's Deferred Compensation Plan for Directors and Executives.
- F4The option vested in four equal installments on February 21, 2008, and January 1, 2009, 2010, and 2011.
- F5Option was granted as part of compensation for services. The option was exercised in a cashless exercise.