Sec Form 4 Filing - DOOLITTLE LEA ANNE @ NORTHWEST NATURAL GAS CO - 2014-12-05

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
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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1. Name and Address of Reporting Person
DOOLITTLE LEA ANNE
2. Issuer Name and Ticker or Trading Symbol
NORTHWEST NATURAL GAS CO [ NWN]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
Chief Adm. Officer & SVP
(Last) (First) (Middle)
220 NW SECOND AVENUE
3. Date of Earliest Transaction (MM/DD/YY)
12/05/2014
(Street)
PORTLAND, OR97209
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 12/05/2014 M 3,000 A $ 34.29 7,276.692 D
Common Stock 12/05/2014 S 3,000 D $ 47.104 ( 1 ) 4,276.692 D
Common Stock 7,821.4944 I See Footnote ( 2 )
Common Stock 1,487.144 I See Footnote ( 3 )
Common Stock 499.067 I See Footnote ( 4 )
Common Stock 256.2663 I See Footnote ( 5 )
Common Stock 289.8918 I See Footnote ( 6 )
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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
(MM/DD/YY)
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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Option to Buy $ 34.29 12/05/2014 M 3,000 ( 7 ) 02/29/2016 Common Stock 3,000 $ 0 0 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
DOOLITTLE LEA ANNE
220 NW SECOND AVENUE
PORTLAND, OR97209
Chief Adm. Officer & SVP
Signatures
Shawn M. Filippi, Attorney-in-Fact 12/09/2014
Signature of Reporting Person Date
Explanation of Responses:
( 1 )This transaction was executed in multiple trades on reported date with prices ranging from $47.08 - $47.13, resulting in an average price of $47.1040.
( 2 )Shares are held in reporting person's account under issuer's Retirement K Savings Plan as of November 30, 2014.
( 3 )Reflects shares that have been credited to reporting person's account under the issuer's Deferred Compensation Plan for Directors and Executives.
( 4 )Reflects shares that have been credited to reporting person's account under the issuer's Executive Deferred Compensation Plan.
( 5 )Shares are held in account of reporting person's spouse.
( 6 )Shares are held in reporting person's spouse's account under issuer's Retirement K Savings Plan as of November 30, 2014.
( 7 )The option vested in four equal installments on 2/22/2007, and January 1st in 2008, 2009, and 2010.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* 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).

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