UNITED
STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K/A
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) OCTOBER 17, 2003
|
EQUITABLE RESOURCES, INC. |
||||
|
(Exact name of registrant as specified in its charter) |
||||
|
|
|
|
|
|
|
|
|
|
|
|
|
PENNSYLVANIA |
|
1-3551 |
|
25-0464690 |
|
(State or other jurisdiction |
|
(Commission |
|
(IRS Employer |
|
|
|
|
|
|
|
One Oxford Centre, Suite 3300, 301 Grant Street, Pittsburgh, Pennsylvania |
|
15219 |
||
|
(Address of principal executive offices) |
|
Zip Code) |
||
|
|
|
|
|
|
|
|
|
|
|
|
|
Registrant’s telephone number, including area code (412) 553-5700 |
||||
|
|
|
|
|
|
|
NONE |
||||
|
(Former name or former address, if changed since last report) |
||||
Item 5. Other Events
On February 18, 2003, Equitable Resources Inc. filed a Form 8-K announcing the adoption of new stock ownership guidelines. The filing provided information about the Company’s stock ownership guidelines.
The filing also included a table providing the current ownership status of the Company’s officers as of February 14, 2003. The number of shares held by two officers was incorrectly reported. The reported number of shares held by Arthur Cantrell and by Randall Crawford were 18,282 and 17,592, respectively. The reported numbers inadvertently included 5,000 performance share units held by these two officers that do not qualify under the stock ownership guidelines. Therefore, the correct number of qualified shares held by Arthur Cantrell and by Randall Crawford were 13,282 and 12,592, respectively.
Shares personally held, stock held in employee benefit plans, and “time restricted” long-term incentive shares qualify toward meeting the plan requirement. As long as an employee maintains qualified shareholdings in excess of the applicable guideline, he or she may sell shares or exercise options for cash by selling shares (“cashless exercise”). The guidelines are mandatory for officers and recommended for other covered employees. Updated amounts for all affected officers, as of September 30, 2003, are provided below:
|
Name |
|
Title |
|
Stock |
|
Approx. |
|
Qualifying |
|
|
|
|
|
|
|
|
|
|
|
|
|
Gerber, Murry S. |
|
President & CEO |
|
8 times salary |
|
116,000 |
|
336,394 |
|
|
Porges, David L. |
|
EVP & Chief Financial Officer |
|
8 times salary |
|
71,000 |
|
158,916 |
|
|
Funk, James M. |
|
President - Equitable Supply |
|
4 times salary |
|
28,000 |
|
51,806 |
|
|
O’Brien, Joseph E. |
|
President - NORESCO |
|
4 times salary |
|
25,000 |
|
32,024 |
|
|
O’Loughlin, Johanna G. |
|
Sr VP General Counsel & Corp Sec |
|
4 times salary |
|
25,000 |
|
30,750 |
|
|
Crawford, Randall L. |
|
President, Equitable Gas |
|
4 times salary |
|
20,000 |
|
16,681 |
|
|
Cantrell, Arthur G. |
|
President, Equitrans |
|
4 times salary |
|
20,000 |
|
14,175 |
|
|
Conti, Philip P. |
|
VP Finance & Treasurer |
|
2 times salary |
|
8,580 |
|
27,812 |
|
|
Bergonzi, John A. |
|
VP & Corporate Controller |
|
2 times salary |
|
8,580 |
|
34,672 |
|
|
Petrelli, Charlene |
|
VP Human Resources |
|
2 times salary |
|
8,500 |
|
4,695 |
|
+ Assuming $40/share at current salaries.
2
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.
|
|
|
EQUITABLE RESOURCES, INC. |
||
|
|
|
(Registrant) |
||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
By |
/s/ David L. Porges |
||
|
|
|
David L. Porges |
||
|
|
|
Executive Vice President and |
||
|
|
|
Chief Financial Officer |
||
|
|
|
|
|
|
|
|
|
|
|
|
|
October 17, 2003 |
|
|
|
|
3