SEC Form 4 · accession 0001140361-16-070055
NORTHWEST NATURAL GAS CO · NWN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Lori L Russell
Officer — VP
Period of report
Jun 14, 2016
Accepted (ET)
Jun 16, 2016 · 4:41 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 14, 2016 | M | 1,200 | $44.48 | A | 2,543 | D | |
| Common StockF1 | Jun 14, 2016 | S | 1,200 | $59.2563 | D | 1,343 | D | |
| Common StockF2 | holding | — | — | — | 3,399 | I | See Footnote | |
| Common StockF3 | holding | — | — | — | 220 | 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 | Jun 14, 2016 | M | 1,200 | D | — | Feb 28, 2017 | Common Stock | 1,200 | 0 | D |
Explanation of responses
- F1This transaction was executed in multiple trades on reported date with prices ranging from $59.225 - $59.299, resulting in an average price of $59.2563. 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.
- 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, January 1, 2009, 2010, and 2011.
- F5Option was granted as part of compensation for services. The option was exercised in a cashless exercise.