SEC Form 4 · accession 0001567619-18-001785
NORTHWEST NATURAL GAS CO · NWN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jon G Huddleston
Officer — VP, Eng. & Utility Operations
Period of report
Aug 23, 2018
Accepted (ET)
Aug 24, 2018 · 5:48 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 23, 2018 | M | 1,500 | $44.25 | A | 2,870 | D | |
| Common StockF1 | Aug 23, 2018 | S | 1,500 | $63.6037 | D | 1,370 | D | |
| Common Stock | Aug 23, 2018 | M | 2,000 | $45.74 | A | 3,370 | D | |
| Common StockF1 | Aug 23, 2018 | S | 2,000 | $63.6037 | D | 1,370 | D | |
| Common StockF2 | holding | — | — | — | 15 | 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,F3 | $44.25 | Aug 23, 2018 | M | 1,500 | D | — | Mar 2, 2020 | Common Stock | 1,500 | 0 | D |
| Employee Stock Option to BuyF5,F4 | $45.74 | Aug 23, 2018 | M | 2,000 | D | — | Mar 2, 2021 | Common Stock | 2,000 | 0 | D |
Explanation of responses
- F1This transaction was executed in multiple trades for an aggregate of 3,500 shares on reported dated with prices ranging from $63.50 - $63.70, resulting in an average price of $63.6037. 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.
- F2Shares held in reporting person's account in Issuer's Retirement K Savings Plan as of July 31, 2018.
- F3The option vested in four equal installments on each of February 24, 2011, and January 1, 2012, 2013 and 2014.
- F4The option vested in four equal installments on each of February 23, 2012, and January 1, 2013, 2014 and 2015.
- F5Option was granted as part of compensation for services. The option was exercised as a cashless exercise.