SEC Form 4 · accession 0001140361-16-058430
NORTHWEST NATURAL GAS CO · NWN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David Hugo Anderson
Officer — President & COO
Period of report
Mar 17, 2016
Accepted (ET)
Mar 18, 2016 · 5:13 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 StockF1 | Mar 17, 2016 | M | 7,000 | $44.48 | A | 61,059 | D | |
| Common StockF1 | Mar 17, 2016 | S | 6,362 | $52.2638 | D | 54,697 | D | |
| Common StockF1 | Mar 17, 2016 | M | 8,000 | $41.15 | A | 62,697 | D | |
| Common StockF1 | Mar 17, 2016 | S | 6,945 | $52.2638 | D | 55,752 | D | |
| Common StockF2 | holding | — | — | — | 919 | I | See Footnote | |
| Common StockF3 | holding | — | — | — | 8,248 | 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 | $44.48 | Mar 17, 2016 | M | 7,000 | D | — | Feb 28, 2017 | Common Stock | 7,000 | 0 | D |
| Employee Stock Option to Buy (Common Stock)F5 | $41.15 | Mar 17, 2016 | M | 8,000 | D | — | Mar 4, 2019 | Common Stock | 8,000 | 0 | D |
Explanation of responses
- F1Reporting person exercised options to purchase a total of 15,000 shares, 7,000 shares at $44.48 each, and 8,000 shares at $41.15 each. Reporting person then sold an aggregate of 13,307 of those shares, at prices ranging from $52.11 to $52.48, resulting in an average price of $52.2638, to generate the proceeds required to purchase the remaining 1,693 shares of the Company common stock under the options. 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 Retirement K Savings Plan as of February 29, 2016.
- F3Shares 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.
- F5The option vested in four equal installments on February 25, 2010, and January 1, 2011, 2012, and 2013.