X0306 4 2014-02-21 0000070145 NATIONAL FUEL GAS CO NFG 0001427824 Carlotti Carl M 6363 MAIN STREET BUFFALO NY 14221 0 1 0 0 Senior VP - NFG Dist. Corp. Common Stock 2014-02-21 4 M 0 5000 35.105 A 60005 D Common Stock 2014-02-21 4 S 0 5000 75.946 D 55005 D Common Stock 2014-02-21 4 M 0 7000 39.475 A 62005 D Common Stock 2014-02-21 4 S 0 7000 75.961 D 55005 D Common Stock 11911 I 401k Trust Common Stock 118 I ESOP Trust Employee Stock Option (right to buy) 35.105 2014-02-21 4 M 0 5000 0 D 2007-05-10 2016-05-10 Common Stock 5000 0 D Employee Stock Option (right to buy) 39.475 2014-02-21 4 M 0 7000 0 D 2007-12-06 2016-12-06 Common Stock 7000 0 D The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $75.885 to $76.01, inclusive. The reporting person undertakes to provide to National Fuel Gas Company, any security holder of National Fuel Gas Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $75.90 to $76.005, inclusive. The reporting person undertakes to provide to National Fuel Gas Company, any security holder of National Fuel Gas Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range. James R. Peterson, Attorney in Fact 2014-02-25