C Scott Gibson Form 4 Northwest Natural Holding / C SCOTT GIBSON ownership change

SEC Form 4

FORM 4

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
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

GIBSON C SCOTT

(Last) (First) (Middle)

250 SW TAYLOR ST

(Street)

PORTLAND OR 97204

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Northwest Natural Holding Co [ NWN ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
01/14/2021

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	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	01/14/2021		J		1,398(1)	D	$0	11,968.346	I	See Footnote(2)
Common Stock	01/14/2021		J		1,398(1)	A	$0	1,398	D
Common Stock	01/14/2021		J		272(3)	D	$0	1,550.752	I	See Footnote(4)
Common Stock	01/14/2021		J		272(3)	A	$0	1,670	D
Common Stock	01/14/2021		S		155(5)	D	$44.213(7)	11,813.346	I	See Footnote(2)
Common Stock	01/14/2021		S		31(6)	D	$44.213(7)	1,519.752	I	See Footnote(4)

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 (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 Securities Underlying Derivative Security (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: 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

Explanation of Responses:

1. Shares were distributed from Deferred Compensation Plan for Directors and Executives (DCP) account to reporting person pursuant to reporting person's election on May 7, 2008.

2. Reflects shares that have been credited to reporting person's account under the issuer's DCP.

3. Shares were distributed from Directors Deferred Compensation Plan (DDCP) account to reporting person pursuant to reporting person's election on January 1, 2010.

4. Reflects shares that have been credited to reporting person's account under the issuer's DDCP.

5. These shares were issued in connection with the reporting person's election to participate in the issuer's DCP. Pursuant to a prior election, these shares were sold to pay taxes on the DCP distribution made on January 14, 2021.

6. These shares were issued in connection with the reporting person's election to participate in the issuer's DDCP. Pursuant to a prior election, these shares were sold to pay taxes on the DDCP distribution made on January 14, 2021.

7. This transaction was executed in aggregate along with stock sales of other DCP and DDCP participants who received DCP and DDCP stock distributions on January 14, 2021 and elected to have taxes withheld (The Transaction). The Transaction was executed in multiple trades on reported date with prices ranging from $44.01 - $44.56, resulting in average price of $44.213. Northwest Natural Holding Company will provide upon request by Commission staff or a security holder of the issuer full information regarding the number of shares sold at each separate price.

	Shawn M. Filippi, Attorney-in-Fact	01/19/2021
	** Signature of Reporting Person	Date
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