SEC Form 4 · accession 0001127602-16-041724
Spectra Energy Corp. · SE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Allen C Capps
Officer — Vice President and Controller
Period of report
Feb 16, 2016
Accepted (ET)
Feb 17, 2016 · 2:03 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001373835
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Feb 16, 2016 | M | 1,685 | $0.00 | A | 1,686 | D | |
| Common Stock | Feb 16, 2016 | F | 461 | $28.49 | D | 1,225 | D | |
| Retirement Savings Plan (RSP) | holding | — | — | — | 12,585 | I | Retirement Savings |
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 2016F1,F2 | — | Feb 16, 2016 | A | 2,100 | A | Feb 16, 2019 | Feb 16, 2019 | Common Stock | 2,100 | 2,100 | D |
| LTIP Phantom Stock Grant Feb 2016F3,F2 | — | Feb 16, 2016 | A | 2,100 | A | Feb 16, 2019 | Feb 16, 2019 | Common Stock | 2,100 | 2,100 | D |
| Performance Shares Feb 2016F4,F5 | — | Feb 16, 2016 | A | 4,500 | A | Feb 16, 2019 | — | Common Stock | 4,500 | 4,500 | D |
| LTIP Phantom Merit Stock Grant Feb 2016F6,F7 | — | Feb 16, 2016 | A | 185 | A | Feb 16, 2017 | Feb 17, 2016 | Common Stock | 185 | 185 | D |
| Performance Shares Feb 2013F4,F5 | — | Feb 16, 2016 | M | 1,685 | D | Feb 19, 2016 | — | Common Stock | 1,685 | 765 | 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.
- F4Converts 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.
- F5Expiration date not applicable.
- F6Converts to Common Stock on a 1-for-1 basis.
- F7Vests one year from the grant date.