ONEOK Board chairman transfers $15 million in shares to trust

A Securities and Exchange Commission filing by Tulsa-based ONEOK showed the transfer of nearly $15 million in shares owned by Board Chairman John William Gibson.

The documents indicated he transferred 211,200 shares, each valued at $70.61 to a newly created, irrevocable charitable remainder unitrust of which he and his wife are beneficiaries. The total value of the transferred shares figured to be $14, 912,832.

After the transfer of shares to the trust, Gibson was left with 918,637.3128 shares in ONEOK.