SEC Form 4 · accession 0001127602-15-006659
Spectra Energy Corp. · SE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Stephen W Baker
Officer — President, Union Gas
Period of report
Feb 17, 2015
Accepted (ET)
Feb 18, 2015 · 2:08 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001373835
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| LTIP Phantom Stock Grant Feb 2015F1,F2 | — | Feb 17, 2015 | A | 5,700 | A | Feb 17, 2018 | Feb 17, 2018 | Common Stock | 5,700 | 5,700 | D |
| Performance Shares Feb 2015F3,F4 | — | Feb 17, 2015 | A | 9,050 | A | Feb 17, 2018 | — | Common Stock | 9,050 | 9,050 | D |
Explanation of responses
- F1Each share of phantom stock represents the right to receive the cash value of one share of Spectra Energy Corp Common Stock.
- F2Grant cliff vests 3 years from date of Grant.
- F3Converts to Common Stock on a 1-for-1 basis. The number of performance shares that vest is based on the achievement of a specified total shareholder return for Spectra Energy Corp Common Stock.
- F4Expiration date not applicable.