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^*

HALE BRUCE H

(Last)

(First)

(Middle)

6363 MAIN STREET

(Street)

WILLIAMSVILLE

14221

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
NATIONAL FUEL GAS CO [ NFG ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	President, Horizon Power

3. Date of Earliest Transaction (Month/Day/Year)
06/29/2005

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	06/29/2005		M		32,324	A	$24.495	89,625	D
Common Stock	06/29/2005		M		45,660	A	$23.0312	135,285	D
Common Stock	06/29/2005		M		7,566	A	$22.4375	142,851	D
Common Stock	06/29/2005		S		70,000	D	$28.735	72,851	D
Common Stock	06/29/2005		F		5,366	D	$28.735	67,485	D
Common Stock	06/30/2005		M		42,434	A	$22.4375	109,919	D
Common Stock	06/30/2005		M		45,312	A	$21.3281	155,231	D
Common Stock	06/30/2005		M		37,488	A	$20.8125	192,719	D
Common Stock	06/30/2005		S		93,700	D	$28.95	99,019	D
Common Stock	06/30/2005		F		13,795	D	$28.95	85,224	D
Common Stock								11,569	I	401k Trust
Common Stock								9,378	I	ESOP Trust

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Employee Stock Option (Right to Buy)	$24.495	06/29/2005		M			12,324	03/14/2004	03/15/2012	Common Stock	12,324	$0	0	D
Employee Stock Option (Right to Buy)	$24.495	06/29/2005		M			20,000	03/14/2005	03/15/2012	Common Stock	20,000	$0	0	D
Employee Stock Option (Right to Buy)	$23.0312	06/29/2005		M			45,660	12/10/1999	12/11/2008	Common Stock	45,660	$0	0	D
Employee Stock Option (Right to Buy)	$22.4375	06/29/2005		M			7,566	12/11/1998	12/12/2007	Common Stock	7,566	$0	42,434	D
Employee Stock Option (Right to Buy)	$22.4375	06/30/2005		M			42,434	12/11/1998	12/12/2007	Common Stock	42,434	$0	0	D
Employee Stock Option (Right to Buy)	$21.3281	06/30/2005		M			45,312	02/17/2001	02/18/2010	Common Stock	45,312	$0	0	D
Employee Stock Option (Right to Buy)	$20.8125	06/30/2005		M			37,488	04/04/1998	04/05/2007	Common Stock	37,488	$0	0	D

Explanation of Responses:

Remarks:

	James R. Peterson, Attorney in Fact	07/01/2005
	** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.