UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

 

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

 

Pursuant To Section 13 or 15(d) of the Securities Exchange Act of 1934

 

Date of report (Date of earliest event reported)                                          May 5, 2005

 

EQUITABLE RESOURCES, INC.

(Exact name of registrant as specified in its charter)

 

PENNSYLVANIA

 

1-3551

 

25-0464690

(State or other jurisdiction

 

(Commission

 

(IRS Employer

of incorporation)

 

File Number)

 

Identification No.)

 

 

 

 

 

One Oxford Centre, Suite 3300, 301 Grant Street, Pittsburgh, Pennsylvania

 

15219

(Address of Principal Executive Offices)

 

(Zip Code)

 

 

 

 

 

Registrant’s telephone number, including area code (412) 553-5700

 

 

 

 

 

NONE

(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

o                                    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

o                                    Soliciting materials pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

o                                    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

o                                    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 


 

ITEM 7.01                                         Regulation FD Disclosure

 

Pursuant to a qualified domestic relations court order (QDRO), Murry S. Gerber, Chairman, President and Chief Executive Officer of Equitable Resources, Inc. has sold 462,591 net Equitable shares through the exercise of 660,000 options which were granted in 1999 and 2000.  The company withheld 197,409 shares on exercise to pay taxes, and Mr. Gerber used a portion of the proceeds to cover the exercise price.

 

After this exercise, Mr. Gerber’s holdings are:

 

Options

 

775,000

 

Common Shares

 

179,292

 

Restricted Shares

 

62,268

 

Share Equivalent Units*

 

248,618

 

Contingent Performance Share Units**

 

300,000

 

 

With this transaction, Mr. Gerber continues to have stock holdings which significantly exceed the Company’s stock ownership guidelines of eight times base salary.

 

*    Employee Deferred Compensation Plan Share Equivalent Units

**  Contingent performance share units granted under the 2003 and 2005 executive performance incentive program

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.

 

 

 

EQUITABLE RESOURCES, INC.

 

 

(Registrant)

 

 

 

 

By

/s/ Philip P. Conti

 

 

Philip P. Conti
 
 
Vice President and
 
 
Chief Financial Officer

 

 

Date:  May 11, 2005

 

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