Ronald J. Tanski - Nov 12, 2021 Form 4 Insider Report for NATIONAL FUEL GAS CO (NFG)

Role
Director
Signature
J. P. Baetzhold, Attorney in Fact
Stock symbol
NFG
Transactions as of
Nov 12, 2021
Transactions value $
$5
Form type
4
Date filed
11/16/2021, 03:46 PM
Previous filing
Oct 4, 2021
Next filing
Dec 6, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NFG Common Stock Options Exercise $1.38M +25K +4.52% $55.09 578K Nov 12, 2021 Direct
transaction NFG Common Stock Disposed to Issuer -$1.38M -22.8K -3.95% $60.43 555K Nov 12, 2021 Direct F1
holding NFG Common Stock 28.6K Nov 12, 2021 401k Trust F2
holding NFG Common Stock 2.99K Nov 12, 2021 ESOP Trust F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction NFG Stock Appreciation Right Options Exercise $0 -25K -100% $0.00* 0 Nov 12, 2021 Common Stock 25K $55.09 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On November 12, 2021, the reporting person exercised a stock appreciation right with respect to 25,000 shares of Common Stock of the Company. In connection with this exercise, the reporting person was deemed to have sold back to the Company shares of Common Stock of the Company having a value equal to the exercise price of the stock appreciation right. This deemed sale of 22,790 shares is shown on Table I as a disposition (Transaction Code "D" in column 4), although none of these shares were sold into the open market, as indicated by Transaction Code "D" in column 3.
F2 The NFG stock fund under the NFG 401(k) plan is denominated in units, representing ownership interests in a fund that includes both NFG common stock and a reserve of cash. The information reported represents the dollar value of the reporting person's balance in the NFG stock fund as of November 12, 2021, as reported by the plan administrator, divided by the closing price of NFG common stock on that date.
F3 The NFG employee stock ownership plan is denominated in units, representing ownership interests in a fund that includes both NFG common stock and a reserve of cash. The information reported represents the dollar value of the reporting person's balance in the ESOP as of November 12, 2021, as reported by the plan administrator, divided by the closing price of NFG common stock on that date.