CHESAPEAKE UTILITIES CORP — Director's Dealing 2021

Jan 7, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CHESAPEAKE UTILITIES CORP (CPK)
CIK: 0000019745
Period of Report: 2021-01-04

Reporting Person: Hill Thomas P Jr (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-01-04	Deferred Stock Units	$	I	1099	Disposed		Common Stock (1099)	Direct
2021-01-05	Deferred Stock Units	$	A	39	Acquired		Common Stock (39)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	10179	Direct
Common Stock	14937	Indirect

Footnotes

F1: Chesapeake Utilities Corporation (the "Company") amended its Non-Qualified Deferred Compensation Plan (the "Deferred Plan") in December 2020 to enable participants to settle deferred stock units in shares of the Company's common stock, cash or to transfer the value of the deferred stock units into alternative investment funds, subject to the terms and conditions of the Deferred Plan and other Company policies. As a result of such amendment, the 9,056 deferred stock units that were previously reported in Table I (on a Form 4 filed on May 11, 2020), as common stock holdings are now reported in Table II because of these various settlement options.

F2: Each deferred stock unit is the equivalent to one share of the Company's common stock.

F3: Deferred stock units become payable in cash or in shares of common stock at the election of the reporting person prior to settlement in accordance with the Deferred Plan and subject to compliance with other Company policies. Pursuant to the terms of the Deferred Plan, the reporting person may also transfer the value of the deferred stock units into alternative investment funds at any time prior to settlement, subject to compliance with other Company policies.

F4: Includes 95 deferred stock units acquired for the reporting person since last filing through reinvestment of dividends pursuant to the dividend reinvestment component of the Deferred Plan.