SEC FORM 4 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*
Hill Thomas P Jr

(Last) (First) (Middle)
909 SILVER LAKE BOULEVARD

(Street)
DOVER DE 19904

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
CHESAPEAKE UTILITIES CORP [ CPK ]
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)
01/04/2021
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 10,179(1) D
Common Stock 14,937 I By Spouse
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
Deferred Stock Units (2) 01/04/2021 I 1,099 (3) (3) Common Stock 1,099 $108.21 8,052(1)(3)(4) D
Deferred Stock Units (2) 01/05/2021 A 39 (3) (3) Common Stock 39 $104.5929 8,091(1)(3)(4) D
Explanation of Responses:
1. Chesapeake Utilities Corporation (the "Company") amended its Non-Qualified Deferred Compensation Plan (the "Deferred Plan") in December 2020 to enable participants to settle deferred stock units in shares of the Company's common stock, cash or to transfer the value of the deferred stock units into alternative investment funds, subject to the terms and conditions of the Deferred Plan and other Company policies. As a result of such amendment, the 9,056 deferred stock units that were previously reported in Table I (on a Form 4 filed on May 11, 2020), as common stock holdings are now reported in Table II because of these various settlement options.
2. Each deferred stock unit is the equivalent to one share of the Company's common stock.
3. Deferred stock units become payable in cash or in shares of common stock at the election of the reporting person prior to settlement in accordance with the Deferred Plan and subject to compliance with other Company policies. Pursuant to the terms of the Deferred Plan, the reporting person may also transfer the value of the deferred stock units into alternative investment funds at any time prior to settlement, subject to compliance with other Company policies.
4. Includes 95 deferred stock units acquired for the reporting person since last filing through reinvestment of dividends pursuant to the dividend reinvestment component of the Deferred Plan.
Beth W. Cooper, by Power of Attorney 01/06/2021
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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