SEC Form 4 · accession 0001667731-18-000122
ENCANA CORP · ECA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael Williams
Officer — EVP, Corp Services
Period of report
Feb 26, 2018
Accepted (ET)
Feb 27, 2018 · 3:53 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)F3,F1 | $10.87 | Feb 26, 2018 | A | 43,342 | A | — | Feb 26, 2025 | Common Shares | 43,342 | 43,342 | D |
| Rights (Restricted Share Unit)F2 | — | Feb 26, 2018 | A | 22,711 | A | Feb 26, 2021 | — | Common Shares | 22,711 | 22,711 | D |
Explanation of responses
- F130% 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.
- F2Each 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.
- F3The 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.