SEC Form 4 · accession 0001667731-17-000096
ENCANA CORP · ECA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael Gerard McAllister
Officer — EVP & COO
Period of report
Feb 27, 2017
Accepted (ET)
Feb 28, 2017 · 2:14 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001157806
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Options (Tandem Stock Appreciation)F2,F1 | $11.72 | Feb 27, 2017 | A | 96,634 | A | — | Feb 27, 2024 | Common Shares | 96,634 | 96,634 | D |
| Rights (Restricted Share Units)F2,F3 | $11.72 | Feb 27, 2017 | A | 48,607 | A | — | — | Common Shares | 48,607 | 277,962 | D |
| Rights (Performance Share Units)F2,F4 | $11.72 | Feb 27, 2017 | A | 97,214 | A | — | — | Common Shares | 97,214 | 555,925 | D |
Explanation of responses
- F1Options grant dated February 27, 2017. 30% will be vested on February 27, 2018, 30% will be vested on February 27, 2019 and 40% will be vested on February 27, 2020, subject to the grantee's active employment on such dates and the terms and conditions of the employee stock option plan. All previously reported options vest 30%, 30% and 40% on the previously reported dates, respectively.
- F2Grants were issued in Canadian dollars at a price of $15.43/share. The price has been converted to US dollars using the Bank of Canada exchange rate on the grant date.
- F3RSU grant dated February 27, 2017. The RSU grant is a conditional grant to receive Encana common shares or cash equivalent upon the vesting date of February 27, 2020, subject to the grantee's active employment on such date and the terms and conditions of the RSU plan.
- F4PSU grant dated February 27, 2017. The PSU grant is a conditional grant to receive Encana common shares or cash equivalent upon the vesting date of February 27, 2020, subject to the grantee's active employment on such date, the achievement of certain performance criteria and the terms and conditions of the PSU plan.