SEC Form 4 · accession 0001567619-18-001494
NORTHWEST NATURAL GAS CO · NWN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David A. Weber
Officer — Pres. & CEO of Issuer's Sub.
Period of report
Aug 17, 2018
Accepted (ET)
Aug 20, 2018 · 6:37 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 | Aug 17, 2018 | M | 2,000 | $41.15 | A | 2,296 | D | |
| Common StockF1 | Aug 17, 2018 | S | 2,000 | $65.0784 | D | 296 | D | |
| Common Stock | Aug 17, 2018 | M | 2,000 | $44.25 | A | 2,296 | D | |
| Common StockF1 | Aug 17, 2018 | S | 2,000 | $65.0784 | D | 296 | D | |
| Common Stock | Aug 17, 2018 | M | 3,000 | $45.74 | A | 3,296 | D | |
| Common StockF1 | Aug 17, 2018 | S | 3,000 | $65.0784 | D | 296 | D | |
| Common StockF2 | holding | — | — | — | 10,886 | I | See Footnote | |
| Common StockF3 | holding | — | — | — | 1,660 | 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 BuyF7,F4 | $41.15 | Aug 17, 2018 | M | 2,000 | D | — | Mar 4, 2019 | Common Stock | 2,000 | 0 | D |
| Employee Stock Option to BuyF7,F5 | $44.25 | Aug 17, 2018 | M | 2,000 | D | — | Mar 2, 2020 | Common Stock | 2,000 | 0 | D |
| Employee Stock Option to BuyF7,F6 | $45.74 | Aug 17, 2018 | M | 3,000 | D | — | Mar 2, 2021 | Common Stock | 3,000 | 0 | D |
Explanation of responses
- F1This transaction was executed in multiple trades on reported date with prices ranging from $65.00 - $65.20, resulting in an average price of $65.0784. 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 held in reporting person's account under Issuer's Retirement K Savings Plan as of July 31, 2018.
- 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 25, 2010, and January 1, 2011, 2012, and 2013.
- F5The options vested in four equal installments on February 24, 2011, and January 1, 2012, 2013, and 2014.
- F6The options vested in four equal installments on February 23, 2012, and January 1, 2013, 2014, and 2015.
- F7Option was granted as part of compensation for services. The option was exercised in a cashless exercise.