SEC Form 4 · accession 0001140361-17-010105
NORTHWEST NATURAL GAS CO · NWN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Shawn M Filippi
Officer — VP, CCO & Corporate Secretary
Period of report
Feb 28, 2017
Accepted (ET)
Mar 1, 2017 · 8:03 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 Stock | Feb 28, 2017 | M | 600 | $44.48 | A | 1,430 | D | |
| Common Stock | Feb 28, 2017 | S | 600 | $59.95 | D | 830 | D | |
| Common StockF1 | Mar 1, 2017 | F | 105 | $60.10 | D | 725 | D | |
| Common StockF2 | holding | — | — | — | 776 | 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 | Feb 28, 2017 | M | 600 | D | — | Feb 28, 2017 | Common Stock | 600 | 0 | D |
Explanation of responses
- F1Shares were withheld by the issuer to cover withholding taxes on issuance of shares due to vesting of restricted stock units. Organization and Executive Compensation Committee certification of satisfaction of the performance threshold and vesting for these restricted stock units was reported on Form 4 filed on February 24, 2017.
- F2Shares held in reporting person's account in issuer's Retirement K Savings Plan as of February 28, 2017.
- F3The option vested in four equal installments on each of 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.