SEC Form 4 · accession 0001140361-16-069447
NORTHWEST NATURAL GAS CO · NWN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Lea Anne Doolittle
Officer — Chief Adm. Officer & SVP
Period of report
Jun 8, 2016
Accepted (ET)
Jun 10, 2016 · 3:16 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 | Jun 8, 2016 | M | 3,000 | $44.48 | A | 3,000 | D | |
| Common StockF1 | Jun 8, 2016 | S | 3,000 | $57.6282 | D | 0 | D | |
| Common StockF2 | holding | — | — | — | 8,321 | I | See Footnote | |
| Common StockF3 | holding | — | — | — | 2,251 | I | See Footnote | |
| Common StockF4 | holding | — | — | — | 528 | I | See Footnote | |
| Common StockF5 | holding | — | — | — | 341 | I | See Footnote | |
| Common StockF6 | holding | — | — | — | 322 | 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 BuyF8,F7 | $44.48 | Jun 8, 2016 | M | 3,000 | D | — | Feb 28, 2017 | Common Stock | 3,000 | 0 | D |
Explanation of responses
- F1This transaction was executed in multiple trades on reported date with prices ranging from $57.59 - $57.70, resulting in an average price of $57.6282. Northwest Natural Gas Company ("Issuer") 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 May 31, 2016.
- F3Reflects shares that have been credited to reporting person's account under the Issuer's Deferred Compensation Plan for Directors and Executives.
- F4Reflects shares that have been credited to reporting person's account under the Issuer's Executive Deferred Compensation Plan.
- F5Shares are held in account of reporting person's spouse.
- F6Shares are held in reporting person's spouse's account under Issuer's Retirement K Savings Plan as of May 31, 2016.
- F7The option vested in four equal installments on February 21, 2008, and January 1, 2009, 2010, and 2011.
- F8Option was granted as part of compensation for services. The option was exercised in a cashless exercise.