NORTHWEST NATURAL GAS COMPANY (NYSE:NWN) Files An 8-K Temporary Suspension of Trading Under Registrant’s Employee Benefit PlansItem 5.04
On November 6, 2017, Northwest Natural Gas Company (“NW Natural”) sent a notice (the “Notice”) to its directors and executive officers informing them that, in order to facilitate a transition of the assets and administration of the Northwest Natural Gas Company Retirement K Savings Plan (the “Plan”) from T. Rowe Price to Fidelity, Plan participants will be unable to make changes to their Plan accounts, direct or diversify the investments in their Plan accounts, including in NW Natural common stock, or obtain loans or distributions from the Plan, during the period beginning at 4:00 p.m. Eastern Time on December 6, 2017 and ending during the week of December 17, 2017 (the “Blackout Period”). During the week of December17, 2017, directors and officers may obtain information about whether the Blackout Period has ended, free of charge, by contacting the person listed below.
The Notice also states that, to Section306 of the Sarbanes-Oxley Act of 2002 and Regulation BTR (Blackout Trading Restriction), during the Blackout Period, NW Natural’s directors and executive officers will be prohibited from directly or indirectly purchasing, selling or otherwise acquiring or transferring shares of NW Natural common stock and derivative securities acquired in connection with their service or employment as a director or an executive officer of NW Natural. The Notice is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
Inquiries concerning the Notice or the Blackout Period, including the beginning and ending dates thereof (and for a period of two years after the ending date of the Blackout Period), may be directed without charge to:
Northwest Natural Gas Company
220 N.W. Second Avenue
Portland, Oregon 97209
Attention: Shawn M. Filippi, Vice President, Chief Compliance Officer and Corporate Secretary
Telephone number: (503) 226-4211
| Item 5.04 | Financial Statements and Exhibits. |
(d) Exhibits
See Exhibit Index below.
EXHIBIT INDEX
NORTHWEST NATURAL GAS CO ExhibitEX-99.1 2 d492654dex991.htm EX-99.1 EX-99.1 EXHIBIT 99.1 NOTICE TO DIRECTORS AND EXECUTIVE OFFICERS OF NORTHWEST NATURAL GAS COMPANY Restrictions on Trading Northwest Natural Gas Company Common Stock During Northwest Natural Gas Company Retirement K Savings Plan Blackout Period Northwest Natural Gas Company (NW Natural) has determined to change the recordkeeper and trustee for the Northwest Natural Gas Company Retirement K Savings (the Plan) from T. Rowe Price to Fidelity. In order to implement this transition,…To view the full exhibit click here
About NORTHWEST NATURAL GAS COMPANY (NYSE:NWN)
Northwest Natural Gas Company is engaged in the distribution of natural gas. The Company’s segments include Local Gas Distribution, Gas Storage and other. The Company maintains operations in Oregon, Washington and California and conducts businesses through NW Natural and its subsidiaries. The local gas distribution business, referred to as the utility segment, serves residential, commercial, and industrial customers in Oregon and southwest Washington. The Company gas storage business, referred to as the gas storage segment, provides storage services for utilities, gas marketers, electric generators and industrial users from storage facilities located in Oregon and California. The Company’s other segment is referred to as non-utility and consists of non-utility investments and other business activities. The other segment consists of an equity method investment in Trail West Holdings, LLC (TWH) and other pipeline assets in NNG Financial Corporation.