SEC Form 4 · accession 0001140361-16-070063
NORTHWEST NATURAL GAS CO · NWN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kimberly A. Heiting
Officer — VP & Chief Marketing Officer
Period of report
Jun 14, 2016
Accepted (ET)
Jun 16, 2016 · 4:43 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 | 2,367 | D | |
| Common StockF1 | Jun 14, 2016 | S | 1,200 | $59.3717 | D | 1,167 | D | |
| Common StockF2 | holding | — | — | — | 900 | 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,F3 | $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 $59.349 - $59.38, resulting in an average price of $59.3717. 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.
- F3The options vested in four equal installments on February 21, 2008, and January 1, 2009, 2010 and 2011.
- F4Option was granted as part of compensation for services. The option was exercised as a cashless exercise.