X0306 4 2014-12-11 0000078460 PIEDMONT NATURAL GAS CO INC PNY 0001238180 SKAINS THOMAS E C/O PIEDMONT NATURAL GAS CO CHARLOTTE NC 28233 1 1 Chairman, President and CEO Common Stock 2014-12-11 4 A 0 19329 38.24 A 291290 D Common Stock 2014-12-15 4 F 0 7230 37.89 D 284060 D Common Stock 2949.15 I By 401(k) Shares issued upon vesting of 2014 LTIP Award under registrant's Incentive Compensation Plan. Withheld to satisfy tax withholding obligations on December 15, 2014 vesting of 20% of Mr. Skains' Retention Award. Includes 57,847 equity units issued under a previously reported Retention Award, plus accrued dividends, vesting according to the following schedule, provided Mr. Skains is an employee of the registrant on the vesting dates: 30% on December 15, 2015, and the remaining 50% on December 15, 2016. During the vesting period, dividend equivalents will accrue on the equity units and will be converted into additional equity units and vest according to the aforementioned vesting schedule. The vested awards are payable in the form of one share of registrant's common stock per equity unit. /s/ Judy Z. Mayo by limited power of attorney for Thomas E. Skains 2014-12-15