EQT Corp — Director's Dealing 2011

Feb 3, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: EQT Corp (EQT)
CIK: 0000033213
Period of Report: 2011-01-31

Reporting Person: GERBER MURRY (Director, Executive Chairman)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-01-31	Common Stock	F	1289	$47.40	Disposed	1010468	Direct
2011-02-01	Common Stock	M	325000	$15.755	Acquired	1335468	Direct
2011-02-01	Common Stock	F	193809	$48.685	Disposed	1141659	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-02-01	Option (Right to Buy)	$15.755	M	325000	Disposed	2011-03-14	Common Stock (325000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	12863	Indirect

Footnotes

F1: On January 31, 2011, 4,213 of Mr. Gerber's previously reported time based restricted shares vested. The company, consistent with its practice, withheld 1,289 shares to satisfy the tax liability associated with the transaction, resulting in Mr. Gerber retaining 2,924 shares of common stock.

F2: On February 1, 2011 Mr. Gerber exercised 325,000 previously reported stock options which were scheduled to expire on March 14, 2011. The company, consistent with its practice, withheld 193,809 shares to satisfy the tax liability and exercise price associated with these options.

F3: March 14, 2001 was the grant date of the options. The options vested in three equal traunches, the last of which vested on March 14, 2004.