SEC Form 4 · accession 0001238180-15-000001
PIEDMONT NATURAL GAS CO INC · PNY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas E Skains
Officer — Chairman, President and CEO · Director
Period of report
Jul 1, 2015
Accepted (ET)
Jul 6, 2015 · 4:59 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000078460
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF2,F3 | Jul 1, 2015 | S | 2,500 | $35.39 | D | 275,041 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Sale pursuant to a Rule 10b5-1 trading plan executed by Mr. Skains on December 29, 2014.
- F2Includes 58,828 equity units issued under a previously reported Retention Award and accrued dividends vesting according to the following schedule, provided Mr. Skains is an employee of the registrant on the vesting dates: 30% on December 15, 2015, and the remaining 50% on December 15, 2016. During the vesting period, dividend equivalents will accrue on the equity units and will be converted into additional equity units and vest according to the aforementioned vesting schedule. The vested awards are payable in the form of one share of registrant's common stock per equity unit.
- F3This number does not include 3,010.15 shares that are held indirectly by Mr. Skains in his 401(k) account.