EQT Corp — Director's Dealing 2015

May 21, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: EQT Corp (EQT)
CIK: 0000033213
Period of Report: 2015-05-19

Reporting Person: PORGES DAVID L (Director, Chairman President & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-05-19	Common Stock	M	57200	$43.92	Acquired	530799	Direct
2015-05-19	Common Stock	F	42247	$88.48	Disposed	488552	Direct
2015-05-19	Common Stock	M	76800	$38.53	Acquired	565352	Direct
2015-05-19	Common Stock	F	54259	$88.66	Disposed	511093	Direct
2015-05-19	Common Stock	S	31094	$87.86	Disposed	479999	Direct
2015-05-19	Common Stock	S	6400	$88.50	Disposed	473599	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-05-19	Option (Right to Buy)	$43.92	M	57200	Disposed	2017-01-01	Common Stock (57200)	Direct
2015-05-19	Option (Right to Buy)	$38.53	M	76800	Disposed	2017-08-02	Common Stock (76800)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	5911	Indirect

Footnotes

F1: On May 19, 2015, Mr. Porges exercised 57,200 previously reported stock options. EQT Corporation, consistent with its practice, withheld 42,247 shares to satisfy the tax liability and exercise price associated with these options.

F2: On May 19, 2015, Mr. Porges exercised 76,800 previously reported stock options. EQT Corporation, consistent with its practice, withheld 54,259 shares to satisfy the tax liability and exercise price associated with these options.

F3: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $87.43 to $88.42, inclusive. The reporting person undertakes to provide EQT Corporation, any security holder of EQT Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (1) and (2) to this Form 4.

F4: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $88.44 to $88.56, inclusive.

F5: January 1, 2010 was the grant date of the options. The options vested in three tranches with 50% vesting on December 31, 2010, 25% vesting on December 31, 2011 and 25% vesting on December 31, 2012.

F6: August 2, 2010 was the grant date of the options. The options vested in three tranches with 50% vesting on December 31, 2010, 25% vesting on December 31, 2011 and 25% vesting on December 31, 2012.