SEC Form 4 · accession 0001667731-18-000090
ENCANA CORP · ECA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Joanne Linette Alexander
Officer — EVP & General Counsel
Period of report
Feb 26, 2018
Accepted (ET)
Feb 27, 2018 · 1:23 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001157806
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common SharesF3,F4,F2 | Feb 26, 2018 | M | 55,571 | $10.87 | A | 59,268 | D | |
| Common SharesF3,F4,F2 | Feb 26, 2018 | D | 55,571 | $10.87 | D | 3,697 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Rights (Performance Share Unit)F3,F2,F1 | — | Feb 26, 2018 | M | 45,459 | D | Feb 26, 2018 | Feb 26, 2018 | Common Shares | 45,459 | 0 | D |
Explanation of responses
- F1Each Performance Share Unit (each, "PSU") is settled based on the achievement of certain performance criteria, is valued based on the economic equivalent of one common share of Encana Corporation, and attracts dividend equivalent PSUs.
- F2The PSUs settled in Canadian dollars at a price of CAD$13.76 per PSU. The price has been converted to U.S. dollars using the Bank of Canada exchange rate on the transaction date.
- F3The PSUs vested on January 12, 2018 and the settlement value was determined 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 February 26, 2018.
- F4Settlement of the PSUs was based on a performance criteria multiplier of 121.4 percent.