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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Options (Tandem Stock Appreciation) | $ 10.87 (3) | 02/26/2018 | A | 372,585 (4) | (1) | 02/26/2025 | Common Shares | 372,585 | $ 0 | 372,585 | D | ||||
Rights (Restricted Share Unit) | (2) | 02/26/2018 | A | 195,235 (5) | 02/26/2021(2) | (2) | Common Shares | 195,235 | $ 0 | 195,235 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Suttles Douglas James C/O 500 CENTRE STREET SE CALGARY, A0 T2P2S5 |
X | President and CEO |
/s/Dawna Gibb, by Power of Attorney | 03/06/2018 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | 30% vest on February 26, 2019, 30% vest on February 26, 2020 and 40% vest on February 26, 2021, subject to the grantee's active employment on such dates and the terms and conditions of the employee stock option plan. |
(2) | Each Restricted Share Unit (each, "RSU") is the economic equivalent of one common share of Encana Corporation and attracts dividend equivalent RSUs. The RSUs vest on February 26, 2021, subject to the grantee's active employment on such date and the terms and conditions of the RSU plan. |
(3) | The exercise price for Options granted is determined in Canadian dollars at a price of CAD$13.76 per share and is based on the volume-weighted average price of a common share of Encana Corporation on the Toronto Stock Exchange for the five trading days prior to the transaction date. The price has been converted to U.S. dollars using the Bank of Canada exchange rate on the transaction date. |
(4) | Grant amount incorrect due to a conversion error, resulting in the Option grant being overstated by 75,135 options in the original Form 4. |
(5) | Grant amount incorrect due to a conversion error, resulting in the RSU grant being overstated by 51,907 units in the original Form 4. |