UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
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Date of Report (Date of earliest event reported) March 24, 2004 |
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EQUITABLE RESOURCES, INC. |
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(Exact name of registrant as specified in its charter) |
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PENNSYLVANIA |
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1-3551 |
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25-0464690 |
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(State or other
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(Commission |
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(IRS Employer |
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One Oxford Centre, Suite 3300, 301 Grant Street, Pittsburgh, Pennsylvania |
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15219 |
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(Address of principal executive offices) |
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(Zip Code) |
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Registrant’s telephone number, including area code (412) 553-5700 |
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NONE
(Former name or former address, if changed since last report)
Item 5. Other Events and Regulation FD Disclosure
Murry S. Gerber, Chairman, President and Chief Executive Officer of the Company has exercised 100,000 options which were granted on May 4, 1998, and were set to expire on May 4, 2004. 80,045 shares were sold into the market and 19,955 shares were withheld by the Company to pay taxes.
After this exercise, Mr. Gerber’s holdings are:
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Options |
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1,655,000 |
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Common Shares |
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66,930 |
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Restricted Shares |
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57,510 |
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Share Equivalent Units* |
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241,748 |
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With this transaction, Mr. Gerber will continue to have stock holdings which significantly exceed the Company’s stock ownership guidelines of eight times base salary.
*Employee Deferred Compensation Plan Share Equivalent Units
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.
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EQUITABLE RESOURCES, INC. |
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(Registrant) |
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By |
/s/ David L. Porges |
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David L. Porges |
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Executive Vice President and |
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Chief Financial Officer |
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March 24, 2004 |
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