UNITED STATES OF AMERICA
BEFORE THE SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C.
_________________________________
IN THE MATTER OF
NATIONAL FUEL GAS COMPANY CERTIFICATE
FILE NO. 70-8109 PURSUANT TO
RULE 24
(Public Utility Holding Company
Act of 1935)
_________________________________
This is to certify, pursuant to Rule 24 under the Public
Utility Holding Company Act of 1935, as amended, that the transactions
referred to below have been carried out in accordance with the terms
and conditions of and for the purposes represented by the Declaration,
as amended, of National Fuel Gas Company ("National"), in the above
file, and pursuant to the Order dated March 5, 1993 of the Securities
and Exchange Commission with respect thereto.
The following individuals, during the period July 1, 1996
through September 30, 1996, exercised Incentive Stock Options
("ISO's") or Non-Qualified Stock Options ("NSO's"), as identified
below:
Number of
Number of Shares of
Exercise Shares Stock Used
Type Date Price Acquired in Stock-
of of Per Exercise Through for-Stock
Name Grant Grant Share Date Exercise Exercise
Curtis W. Lee ISO 8/29/95 $27.9375 8/30/96 750 -0-
Philip A. Turek NSO 6/9/94 31.625 9/5/96 1,838 -0-
Philip A. Turek NSO 8/29/95 27.9375 9/5/96 5,000 -0-
Robert P. Borneman NSO 8/29/95 27.9375 9/24/96 1,421 -0-
Curtis W. Lee ISO 8/29/95 27.9375 9/30/96 100 -0-
These were the only exercises of options pursuant to the National
Fuel Gas Company 1993 Award and Option Plan during the period July 1, 1996 -
September 30, 1996.
On September 26, 1996, the Compensation Committee of the Board of
Directors of National awarded stock options (or with respect to one
individual, restricted stock) pertaining to 355,750 shares of National's
common stock pursuant to the National Fuel Gas Company 1993 Award and Option
Plan ("Plan"), to the following 61 individuals:
Name Number of options granted
J. P. Pawlowski 20,000
G. T. Wehrlin 20,000
J. A. Beck 20,000
R. J. Kreppel 8,000 *
J. R. Pustulka 10,000
W. A. Ross 7,500
R. J. Tanski 10,000
B. H. Hale 20,000
D. F. Smith 20,000
D. J. Seeley 20,000
W. E. DeForest 20,000
R. W. Wilcox 10,000
C. M. Carlotti 5,000
A. M. Cellino 10,000
R. E. Klein 5,000
J. F. Kronenwetter 5,000
J. D. Ramsdell 10,000
S. Wagner 5,000
R. J. Wright 10,000
R. G. Butterson 2,000
C. L. Donelson 1,500
R. J. Grabowski 2,000
B. D. Heine 2,000
M. P. Kasprzak 1,500
R. C. Kraemer 2,000
C. W. Lee 2,000
R. G. Leone 2,000
J. J. Loesch 2,000
G. C. Reming 2,000
T. R. Roseler 2,000
D. P. Rynkowski 2,000
J. S. Smyczynski 1,500
J. Solomon 2,000
W. M. Petmecky 7,500
D. A. Brown 6,000
J. F. McKnight 7,500
E. E. Wassell 7,500
C. H. Friedrich 5,000
R. T. Evans 5,000
B. L. McMahan 5,000
P. M. Ciprich 2,000
R. J. Dauer 1,500
L. J. Taylor 1,500
D. L. DeCarolis 2,000
L. A. Giermek 1,000
J. H. Samonsky 1,000
J. R. Banttari 7,500
L. H. Cichowski 4,000
S. B. Gorham 3,000
G. E. Klefstad 7,500
T. C. Perry 3,000
T. L. Atkins 2,000
S. J. Conley 2,000
R. I. Garcia 2,000
J. G. Kadlecek 2,000
D. P. Lovingfoss 2,000
C. D. Mento 1,250
J. R. Rau 1,250
J. L. Wilkins 1,250
R. C. Williams 1,250
T. L. Ransel 1,250
* Restricted Stock was awarded.
In witness WHEREOF, National has caused this
certificate to be executed this 10th day of October, 1996.
By /s/ Philip C. Ackerman
Philip C. Ackerman
Senior Vice President
