SEC Form 4 · accession 0001140361-16-058342
NORTHWEST NATURAL GAS CO · NWN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gregg S Kantor
Officer — CEO · Director
Period of report
Mar 16, 2016
Accepted (ET)
Mar 17, 2016 · 6:40 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 16, 2016 | M | 7,000 | $44.48 | A | 52,997 | D | |
| Common StockF1 | Mar 16, 2016 | S | 7,000 | $50.4669 | D | 45,997 | D | |
| Common StockF2 | holding | — | — | — | 7,547 | I | See Footnote | |
| Common StockF3 | holding | — | — | — | 200 | I | See Footnote | |
| Common StockF4 | holding | — | — | — | 570 | 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 BuyF6,F5 | $44.48 | Mar 16, 2016 | M | 7,000 | D | — | Feb 28, 2017 | Common Stock | 7,000 | 0 | D |
Explanation of responses
- F1This transaction reflects the sale of stock acquired on exercise of a stock option. This transaction was executed in multiple trades on reported date with prices ranging from $50.32 to $50.60, resulting in an average price of $50.4669. 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 have been credited to reporting person's account under the issuer's Deferred Compensation Plan for Directors and Executives.
- F3Shares held in reporting person's parent's account, with respect to which the reporting person is Power of Attorney and a potential beneficiary.
- F4Shares held in reporting person's parent's IRA account, with respect to which the reporting person is Power of Attorney and a potential beneficiary.
- F5The option vested in four equal installments on February 21, 2008, and January 1, 2009, 2010, and 2011.
- F6Option was granted as part of compensation for services. The option was exercised in a cashless exercise.