<SEC-DOCUMENT>0001181431-14-008077.txt : 20140220
<SEC-HEADER>0001181431-14-008077.hdr.sgml : 20140220
<ACCEPTANCE-DATETIME>20140220173001
ACCESSION NUMBER:		0001181431-14-008077
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20140218
FILED AS OF DATE:		20140220
DATE AS OF CHANGE:		20140220

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ONE Gas, Inc.
		CENTRAL INDEX KEY:			0001587732
		STANDARD INDUSTRIAL CLASSIFICATION:	NATURAL GAS DISTRIBUTION [4924]
		IRS NUMBER:				463561936
		STATE OF INCORPORATION:			OK
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		100 WEST 5TH STREET
		CITY:			TULSA
		STATE:			OK
		ZIP:			74103
		BUSINESS PHONE:		918-588-7000

	MAIL ADDRESS:	
		STREET 1:		100 WEST 5TH STREET
		CITY:			TULSA
		STATE:			OK
		ZIP:			74103

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Phillips Greg A
		CENTRAL INDEX KEY:			0001595630

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-36108
		FILM NUMBER:		14630767

	MAIL ADDRESS:	
		STREET 1:		100 W. FIFTH STREET
		CITY:			TULSA
		STATE:			OK
		ZIP:			74103
</SEC-HEADER>
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<TYPE>4
<SEQUENCE>1
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<DESCRIPTION>FORM 4
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        <issuerCik>0001587732</issuerCik>
        <issuerName>ONE Gas, Inc.</issuerName>
        <issuerTradingSymbol>OGS</issuerTradingSymbol>
    </issuer>

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            <rptOwnerName>Phillips Greg A</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>100 W. 5TH STREET</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>TULSA</rptOwnerCity>
            <rptOwnerState>OK</rptOwnerState>
            <rptOwnerZipCode>74103</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
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        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>SVP, Operations</officerTitle>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
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                <value>Common stock, par value $0.01</value>
            </securityTitle>
            <transactionDate>
                <value>2014-01-31</value>
            </transactionDate>
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                <transactionFormType>4</transactionFormType>
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                <equitySwapInvolved>0</equitySwapInvolved>
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                    <footnoteId id="F1"/>
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                <transactionPricePerShare>
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                    <value>D</value>
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        <derivativeTransaction>
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                <transactionShares>
                    <value>7225</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>33.19</value>
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                <underlyingSecurityTitle>
                    <value>Common stock, par value $0.01</value>
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                </underlyingSecurityShares>
            </underlyingSecurity>
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                <sharesOwnedFollowingTransaction>
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                    <value>D</value>
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                </transactionShares>
                <transactionPricePerShare>
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                </transactionShares>
                <transactionPricePerShare>
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                </directOrIndirectOwnership>
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        </derivativeTransaction>
        <derivativeTransaction>
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                <value>2014-02-18</value>
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                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
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                <footnoteId id="F7"/>
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    <footnotes>
        <footnote id="F1">On January 31, 2014, ONEOK, Inc. (&quot;ONEOK&quot;) effected the distribution of 100% of the outstanding shares of common stock of ONE Gas, Inc. (&quot;ONE Gas&quot;) held by ONEOK to ONEOK's shareholders (the &quot;Distribution&quot;).  As a result of the Distribution, the reporting person received one share of ONE Gas common stock for every four shares of ONEOK common stock held on the record date for the Distribution, January 21, 2014, or a total of 18,750 shares (including those indirectly held) of ONE Gas common stock.  The acquisition of shares as a result of the Distribution was exempt pursuant to Rule 16a-9.</footnote>
        <footnote id="F2">Performance units awarded under ONE Gas' Equity Compensation Plan, pursuant to that certain Employee Matters Agreement by and between ONEOK and ONE Gas, dated January 14, 2014 (the &quot;Employee Matters Agreement&quot;), entered into in connection with the Distribution.  The award will vest on February 15, 2015, a portion of which, or 4,517 performance units, will vest in an amount equal to a percentage (0% to 200%) of the performance units awarded based upon ONE Gas' total stockholder return compared to total stockholder return of a selected peer group.  The remainder of the award will vest in an amount equal to the number of performance units awarded. The award will be payable one share of ONE Gas' common stock for each vested performance unit.</footnote>
        <footnote id="F3">Performance units awarded under ONE Gas' Equity Compensation Plan, pursuant to the Employee Matters Agreement entered into in connection with the Distribution.  The award will vest on February 20, 2016, a portion of which, or 5,971 performance units, will vest in an amount equal to a percentage (0% to 200%) of the performance units awarded based upon ONE Gas' total stockholder return compared to total stockholder return of a selected peer group.  The remainder of the award will vest in an amount equal to the number of performance units awarded.  During the vesting period, the award will be credited with dividend equivalents that will be paid out in shares of common stock at the time the underlying units vest and shares are issued.  The award and credited dividend equivalents will be payable one share of ONE Gas' common stock for each vested performance unit and dividend equivalent.</footnote>
        <footnote id="F4">Performance units awarded under ONE Gas' Equity Compensation Plan.  The award will vest on February 18, 2017, for a percentage (0% to 200%) of the performance units awarded based upon ONE Gas' total stockholder return compared to total stockholder return of a selected peer group.  During the vesting period, the award will be credited with dividend equivalents that will be paid out in shares of common stock at the time the underlying units vest and shares are issued.  The award and credited dividend equivalents will be payable one share of ONE Gas' common stock for each vested performance unit and dividend equivalent.</footnote>
        <footnote id="F5">Restricted units awarded under ONE Gas' Equity Compensation Plan, pursuant to the Employee Matters Agreement entered into in connection with the Distribution.  The award will vest on February 15, 2015. The award will be payable one share of ONE Gas' common stock for each vested restricted unit.</footnote>
        <footnote id="F6">Restricted units awarded under ONE Gas' Equity Compensation Plan, pursuant to the Employee Matters Agreement entered into in connection with the Distribution.  The award will vest on February 20, 2016.  During the vesting period, the award will be credited with dividend equivalents that will be paid out in shares of common stock at the time the underlying units vest and are issued.  The award and credited dividend equivalents will be payable one share of ONE Gas' common stock for each vested restricted unit and dividend equivalent.</footnote>
        <footnote id="F7">Restricted units awarded under ONE Gas' Equity Compensation Plan.  The award will vest on February 18, 2017.  During the vesting period, the award will be credited with dividend equivalents that will be paid out in shares of common stock at the time the underlying units vest and are issued.  The award and credited dividend equivalents will be payable one share of ONE Gas' common stock for each vested restricted unit and dividend equivalent.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Brian K. Shore, Attorney-in-Fact for Greg A. Phillips</signatureName>
        <signatureDate>2014-02-20</signatureDate>
    </ownerSignature>
</ownershipDocument>
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</SEC-DOCUMENT>
