SEC Form 4 · accession 0001140361-16-070058
NORTHWEST NATURAL GAS CO · NWN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
MardiLyn Saathoff
Officer — SVP, General Counsel & Reg.
Period of report
Jun 14, 2016
Accepted (ET)
Jun 16, 2016 · 4:42 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 | 5,000 | $51.09 | A | 7,012 | D | |
| Common StockF1 | Jun 14, 2016 | S | 5,000 | $59.2206 | D | 2,012 | D | |
| Common StockF2 | holding | — | — | — | 915 | I | See Footnote | |
| Common StockF3 | holding | — | — | — | 1,899 | 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 | $51.09 | Jun 14, 2016 | M | 5,000 | D | — | Sep 29, 2018 | Common Stock | 5,000 | 0 | D |
Explanation of responses
- F1This transaction was executed in multiple trades on reported date with prices ranging from $59.15 - $59.30, resulting in an average price of $59.2206. 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 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 September 22, 2009, and January 1, 2010, 2011 and 2012.
- F5Option was granted as part of compensation for services. The option was exercised as a cashless exercise.