SEC Form 4 · accession 0001140361-17-036809
NORTHWEST NATURAL GAS CO · NWN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Martha L Byorum
Director
Period of report
Sep 26, 2017
Accepted (ET)
Sep 28, 2017 · 4:45 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 StockF1,F2,F3 | Sep 26, 2017 | J | 1,202 | $0.00 | D | 0 | I | See Footnote |
| Common StockF1 | Sep 26, 2017 | J | 1,202 | $0.00 | A | 1,202 | D | |
| Common StockF4 | Sep 27, 2017 | S | 1,202 | $64.8831 | D | 0 | D | |
| Common StockF5,F6 | holding | — | — | — | 8,694 | I | See Footnote |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Shares were distributed from Directors Deferred Compensation Plan (DDCP) account to reporting person's registered account pursuant to reporting person's election on September 19, 2017 for an accelerated distribution of a lump sum equal to ninety percent of the total share balance of reporting person's DDCP stock account as of June 30, 2017.
- F2Ten percent of the total share balance of reporting person's DDCP stock account as of June 30, 2017, representing 134 shares, was forfeited pursuant to the Accelerated Distribution provisions of the DDCP of Northwest Natural Gas Company (Issuer).
- F3Shares credited to reporting person's account under the Issuer's DDCP.
- F4This transaction was executed in multiple trades on reported date with prices ranging from $64.75 to 65.05, resulting in an average price of $64.8831. 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.
- F5Includes 328 restricted stock units (RSUs) granted in accordance with the Northwest Natural Gas Company Compensation Policy for Non-employee Directors. These RSUs vest on May 23, 2018. Director previously elected that shares received on vesting of RSUs will be deferred under the Issuer's Deferred Compensation Plan for Directors and Executives (DCP).
- F6Shares have been credited to reporting person's account under the Issuer's DCP.