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- -------- U.S. SECURITIES AND EXCHANGE COMMISSION -----------------------------
FORM 4 WASHINGTON, D.C. 20549 OMB APPROVAL
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/ / CHECK THIS BOX IF NO STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OMB NUMBER 3235-0287
LONGER SUBJECT TO EXPIRES: APRIL 30, 1997
SECTION 16. FORM 4 OR Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, ESTIMATED AVERAGE BURDEN
FORM 5 OBLIGATIONS MAY Section 17(a) of the Public Utility Holding Company Act of 1935 or HOURS PER RESPONSE .... 0.5
CONTINUE. SEE Section 30(f) of the Investment Company Act of 1940 -----------------------------
INSTRUCTION 1(b).
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1. Name and Address of Reporting Person 2. Issuer Name and Ticker or Trading Symbol 6. Relationship of Reporting Person
to Issuer (Check all applicable)
Hinchliff James Peoples Energy Corporation (PGL) Director 10% Owner
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(Last) (First) (Middle) 3. IRS or Social Security 4. Statement for ---- title ---- (specify
Number of Reporting Month/Year below) below)
130 E. Randolph Drive Person (Voluntary) 11/1996
- -------------------------------------------- --------------------- Senior Vice President
(Street) ###-##-#### 5. If Amendment, and General Counsel
Date of Original -------------------------
Chicago IL 60601 (Month/Year)
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(City) (State) (Zip)
United States TABLE I - NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
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1. Title of Security 2. Trans- 3. Trans- 4. Securities Acquired (A) 5. Amount of 6. Owner- 7. Nature
(Instr. 3) action action or Disposed of (D) Securities ship of In-
Date Code (Instr. 3, 4, and 5) Beneficially Form direct
(Instr. 8) Owned at Direct Bene-
(Month/ End of (D) or ficial
Day/ ------------------------------------------- Month Indirect Owner-
Year) (A) or (I) ship
Code V Amount (D) Price (Instr. 3 (Instr. 4) (Instr. 4)
and 4)
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Common Stock 11/8/1996 M (1) 3,800.000 A $27.50 D
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Common Stock 11/8/1996 F (1) 3,300.000 D $35.9375 20,442.000 D
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Common Stock 3,031.556 (2) I By
Company's
ESOP
Trustee
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. (Over)
(Print or Type Responses) SEC 1474 (8-92)
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FORM 4 (CONTINUED) TABLE II - DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
(E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
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1. Title of Derivative Security 2. Conver- 3. Trans- 4. Transac- 5. Number of Deriv- 6. Date Exer-
(Instr. 3) sion or action tion Code ative Securities Ac- cisable and Ex-
Exercise Date (Instr. 8) quired (A) or Dis- piration Date
Price of (Month/ posed of (D) (Month/Day/
Deriv- Day/ (Instr. 3, 4, and 5) Year)
ative Year)
Security
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Date Expira-
-------------------------------------- Exer- tion
cisable Date
Code V (A) (D)
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Option (Right to Buy) $27.50 11/8/1996 M (3) 3,800.000 10/04/96 10/04/05
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Stock Appreciation Rights $27.50 11/8/1996 M (4) 3,800.000 10/04/96 10/04/05
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7. Title and Amount of Under- 8. Price 9. Number 10. Owner- 11. Na-
lying Securities of of Deriv- ship ture
(Instr. 3 and 4) Deriv- ative Form of In-
ative Securi- of De- direct
Secur- ties rivative Bene-
ity Bene- Secu- ficial
(Instr. ficially rity: Own-
5) Owned Direct ership
at End (D) or (Instr. 4)
Amount or of Indi-
Title Number of Month rect (I)
Shares (Instr. 4) (Instr. 4)
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Common Stock 3,800.000 (3) 0.000 D
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None (4) 0.000 (4) (4) 0.000 D
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Explanation of Responses:
1. Acquisition of shares upon exercise of in-the-money option granted under the Company's Long-Term Incentive Compensation Plan
exempt under Rule 16b-3. Withholding of shares to satisfy exercise price and tax withholding was exempt from Section 16(b)
pursuant to Rule 16b-3.
2. Acquired on a periodic basis by the Trustee of the Company's Employee Stock Ownership Plan for the account of Mr. Hinchliff
through September 30, 1996, the latest date for which information is reasonably available. Acquisitions of shares were exempt
from Section 16(b) pursuant to Rule 16b-3(c).
3. Exercise of in-the-money options granted under the Company's Long-Term Incentive Compensation Plan exempt under Rule 16b-3.
4. Cash-only settlement based on market price of Common Stock. Exercise is exempt pursuant to Rule 16b-3.
12/09/96
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**Intentional misstatements or omissions of facts constitute **Signature of Reporting Person Date
Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. Page 2
If space is insufficient, See Instruction 6 for procedure. SEC 1474 (8-92)
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