SEC Form 4 · accession 0001140361-17-000392
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
Dec 30, 2016
Accepted (ET)
Jan 4, 2017 · 4:18 pm EST
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 StockF2 | Dec 30, 2016 | M | 600 | $44.48 | A | 946 | I | See Footnote |
| Common StockF3,F2 | Dec 30, 2016 | S | 600 | $59.7318 | D | 346 | I | See Footnote |
| Common Stock | holding | — | — | — | 88 | D | ||
| Common StockF4 | holding | — | — | — | 8,452 | I | See Footnote | |
| Common StockF5 | holding | — | — | — | 2,286 | I | See Footnote | |
| Common StockF6 | holding | — | — | — | 537 | I | See Footnote | |
| Common StockF7 | holding | — | — | — | 327 | 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 BuyF1,F8 | $44.48 | Dec 30, 2016 | M | 600 | D | — | Feb 28, 2017 | Common Stock | 600 | 0 | I |
Explanation of responses
- F1Option of the reporting person's spouse was granted as part of compensation for services. The option was exercised by the reporting person's spouse in a cashless exercise on December 30, 2016 as the option was close to expiration.
- F2Shares are held in account of reporting person's spouse.
- F3This transaction by the reporting person's spouse was executed in multiple trades on reported date with prices ranging from $59.705 - $59.775, resulting in an average price of $59.7318. 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.
- F4Shares are held in reporting person's account under Issuer's Retirement K Savings Plan as of December 30, 2016.
- F5Reflects shares that have been credited to reporting person's account under the Issuer's Deferred Compensation Plan for Directors and Executives.
- F6Reflects shares that have been credited to reporting person's account under the Issuer's Executive Deferred Compensation Plan.
- F7Shares are held in reporting person's spouse's account under Issuer's Retirement K Savings Plan as of December 30, 2016.
- F8The option of the reporting person's spouse vested in four equal installments on February 21, 2008, and January 1, 2009, 2010, and 2011.