SEC Form 4 · accession 0001140361-17-034611
NORTHWEST NATURAL GAS CO · NWN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Lori L Russell
Officer — VP, Utility Services
Period of report
Sep 5, 2017
Accepted (ET)
Sep 7, 2017 · 2:08 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 | Sep 5, 2017 | M | 2,000 | $43.29 | A | 3,512 | D | |
| Common StockF1 | Sep 5, 2017 | S | 2,000 | $66.9269 | D | 1,512 | D | |
| Common StockF2 | holding | — | — | — | 3,533 | I | See Footnote | |
| Common StockF3 | holding | — | — | — | 401 | 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 | $43.29 | Sep 5, 2017 | M | 2,000 | D | — | Mar 6, 2018 | Common Stock | 2,000 | 0 | D |
Explanation of responses
- F1This transaction was executed in multiple trades on reported date with prices ranging from $66.925 - $66.95, resulting in an average price of $66.9269. 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 transaction.
- F2Shares are held in reporting person's account under Issuer's Retirement K Savings Plan as of August 31, 2017.
- F3Shares have been credited to reporting person's account under the Issuer's Deferred Compensation Plan for Directors and Executives.
- F4The options vested in four equal installments on February 27, 2009, and January 1, 2010, 2011, and 2012.
- F5Option was granted as part of compensation for services. The option was exercised in a cashless exercise.