Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
ACKERMAN PHILIP C
  2. Issuer Name and Ticker or Trading Symbol
NATIONAL FUEL GAS CO [NFG]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
6363 MAIN STREET
3. Date of Earliest Transaction (Month/Day/Year)
12/11/2012
(Street)

WILLIAMSVILLE, NY 14221
4. If Amendment, Date 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
(City)
(State)
(Zip)
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 12/11/2012   M   86,420 A $ 53.39 1,022,171 D  
Common Stock 12/11/2012   F   45,573 (1) D $ 53.39 976,598 D  
Common Stock 12/11/2012   F   18,899 (1) D $ 53.39 957,699 D  
Common Stock 12/11/2012   M   100,000 A $ 53.39 1,057,699 D  
Common Stock 12/11/2012   F   65,752 (2) D $ 53.39 991,947 D  
Common Stock 12/11/2012   F   15,778 (2) D $ 53.39 976,169 D  
Common Stock 12/11/2012   M   110,000 A $ 53.39 1,086,169 D  
Common Stock 12/11/2012   F   81,330 (3) D $ 53.39 1,004,839 D  
Common Stock 12/11/2012   F   13,207 (3) D $ 53.39 991,632 D  
Common Stock               76,250 I By Trust
Common Stock               1,000 I Wife, Trust for Mother
Common Stock               110,150 I By Grantor Retained Annuity Trust
Common Stock               52,800 I By Grantor Retained Annuity Trust
Common Stock               8,991 I Wife, Trust for Sister (4)

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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 Underlying Securities
(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 of Derivative Security: 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
Employee Stock Option (Right to Buy) $ 28.155 12/11/2012   M     86,420 06/29/2005 06/01/2013 Common Stock 86,420 $ 0 0 D  
Employee Stock Option (Right to Buy) $ 35.105 12/11/2012   M     100,000 05/10/2007 06/01/2013 Common Stock 100,000 $ 0 0 D  
Employee Stock Option (Right to Buy) $ 39.475 12/11/2012   M     110,000 12/06/2007 06/01/2013 Common Stock 110,000 $ 0 0 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
ACKERMAN PHILIP C
6363 MAIN STREET
WILLIAMSVILLE, NY 14221
  X      

Signatures

 James R. Peterson, Attorney in Fact   12/13/2012
**Signature of Reporting Person Date

Explanation of Responses:

* 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).
(1) On December 11, 2012, the reporting person exercised 86,420 stock options, delivered 45,573 shares of Common Stock of the Company for cancellation in payment of the exercise price of such options, and had 18,899 shares of Common Stock of the Company withheld and cancelled to cover minimum required tax withholding. These shares cancellations are shown on Table I as dispositions (Transaction Code "D" in column 4), although none of these cancelled shares were sold into the market, as indicated by Transaction Code "F" in column 3.
(2) On December 11, 2012, the reporting person exercised 100,000 stock options, delivered 65,752 shares of Common Stock of the Company for cancellation in payment of the exercise price of such options, and had 15,778 shares of Common Stock of the Company withheld and cancelled to cover minimum required tax withholding. These shares cancellations are shown on Table I as dispositions (Transaction Code "D" in column 4), although none of these cancelled shares were sold into the market, as indicated by Transaction Code "F" in column 3.
(3) On December 11, 2012, the reporting person exercised 110,000 stock options, delivered 81,330 shares of Common Stock of the Company for cancellation in payment of the exercise price of such options, and had 13,207 shares of Common Stock of the Company withheld and cancelled to cover minimum required tax withholding. These shares cancellations are shown on Table I as dispositions (Transaction Code "D" in column 4), although none of these cancelled shares were sold into the market, as indicated by Transaction Code "F" in column 3.
(4) These shares are held in a trust for the benefit of a sister-in-law of the reporting person. The reporting person's spouse is trustee of the trust. The reporting person disclaims beneficial ownership of these securities, and the filing of this report is not an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.

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