Sec Form 4 Filing - Mirabito William @ Corning Natural Gas Holding Corp - 2016-06-23

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
Mirabito William
2. Issuer Name and Ticker or Trading Symbol
Corning Natural Gas Holding Corp [ cnig]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
330 WEST WILLIAM ST
3. Date of Earliest Transaction (MM/DD/YY)
06/23/2016
(Street)
CORNING, NY14830
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
6% Series A Cumulative Preferred Stock 06/23/2016 ( 1 )( 3 ) C 4,935 ( 2 ) A $ 25 4,935 D
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
Series B Convertible Preferred Stock $ 20.75 ( 4 ) 06/23/2016 ( 1 )( 3 ) C 1,351 ( 2 ) 06/23/2016 09/30/2026 Common Stock 1,351 ( 4 ) 1,351 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Mirabito William
330 WEST WILLIAM ST
CORNING, NY14830
X
Signatures
Stanley Sleve, Attorney in Fact for William Mirabito 06/27/2016
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Reporting Person received 47,586 shareholder subscription rights as a pro rata dividend to shareholders of record of the Issuer, Corning Natural Gas Holding Corporation ("Issuer" or "Holding Company") on April 14, 2016 ("Record Date"), with respect to the shares of common stock owned directly by Reporting Person on the record date. Each basic subscription right permitted the shareholder to purchase 1/8th share of Issuer's 6% Series A Cumulative Preferred Stock, par value $0.01 per share, for $25.00 for each full share or 1/6th share of Issuer's 4.8% Series B Convertible Preferred Stock, par value $0.01 per share for $20.75 for each full share.
( 2 )In connection with the transactions described in Note (1), Reporting Person exercised 39,480 basic subscription rights issued with respect to shares of common stock directly owned by Reporting Person to purchase 4,935 shares of Series A Cumulative Preferred Stock and 8,106 basic subscription rights issued with respect to shares of common stock directly owned by Reporting Person to purchase 1,351 shares of Series B Convertible Preferred Stock.
( 3 )Each share of Series B Convertible Preferred Stock is convertible at any time after issuance into one share of common stock, subject to adjustment under certain circumstances.
( 4 )Oversubscription rights were provided. The subscription rights expired on June 20, 2016 and shares of Series A Cumulative Preferred Stock and Series B Convertible Preferred Stock issued as of the close of business on June 23, 2016.

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* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
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