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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Employee Stock Option to Buy | $ 44.48 | 03/17/2016 | M | 7,000 | (4) | 02/28/2017 | Common Stock | 7,000 | $ 0 | 0 | D | ||||
Employee Stock Option to Buy (Common Stock) | $ 41.15 | 03/17/2016 | M | 8,000 | (5) | 03/04/2019 | Common Stock | 8,000 | $ 0 | 0 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
ANDERSON DAVID HUGO 220 NW SECOND AVENUE PORTLAND, OR 97209 |
President & COO |
Shawn M. Filippi, Attorney-in-Fact | 03/18/2016 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | Reporting person exercised options to purchase a total of 15,000 shares, 7,000 shares at $44.48 each, and 8,000 shares at $41.15 each. Reporting person then sold an aggregate of 13,307 of those shares, at prices ranging from $52.11 to $52.48, resulting in an average price of $52.2638, to generate the proceeds required to purchase the remaining 1,693 shares of the Company common stock under the options. Northwest Natural Gas Company 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. |
(2) | Shares have been credited to reporting person's account under the issuer's Retirement K Savings Plan as of February 29, 2016. |
(3) | Shares have been credited to reporting person's account under the issuer's Deferred Compensation Plan for Directors and Executives. |
(4) | The option vested in four equal installments on February 21, 2008, and January 1, 2009, 2010, and 2011. |
(5) | The option vested in four equal installments on February 25, 2010, and January 1, 2011, 2012, and 2013. |