SEC Form 4 · accession 0001127602-16-041842
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 16, 2016
Accepted (ET)
Feb 17, 2016 · 4:28 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 StockF1,F2 | Feb 16, 2016 | M | 4,160 | $0.00 | A | 32,323 | D | |
| Common StockF2 | Feb 16, 2016 | F | 1,921 | $28.49 | D | 30,402 | D | |
| Common StockF3 | holding | — | — | — | 4,458 | I | By Spouse | |
| Common StockF4 | holding | — | — | — | 2,660 | I | By Spouse | |
| Common StockF4 | holding | — | — | — | 22,943 | I | By Trustee | |
| Common StockF5 | holding | — | — | — | 179 | I | By Trustee | |
| Common StockF6 | holding | — | — | — | 3,128 | I | By Trustee |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance Shares Feb 2013F1,F7 | — | Feb 16, 2016 | M | 4,160 | D | Feb 16, 2016 | — | Common Stock | 4,160 | 1,890 | D |
| LTIP Phantom Stock Grant Feb 2016F8,F9 | — | Feb 16, 2016 | A | 5,050 | A | Feb 16, 2019 | Feb 16, 2019 | Common Stock | 5,050 | 5,050 | D |
| Performance Shares Feb 2016F1,F7 | — | Feb 16, 2016 | A | 8,850 | A | Feb 16, 2019 | — | Common Stock | 8,850 | 8,850 | D |
| Employee Stock Option (Right to Buy) Feb 2016F10 | $28.40 | Feb 16, 2016 | A | 36,600 | A | — | Feb 16, 2026 | Common Stock | 36,600 | 36,600 | D |
Explanation of responses
- F1Converts 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.
- F10The option becomes exercisable in three equal annual installments beginning on 2/16/2017
- F2Total includes 167 shares in RRSP (Canadian Retirement Savings Plan)
- F3Shares held in RRSP (Canadian Retirement Savings Plan)
- F4Shares in EPSP (Canadian Employee Savings Plan)
- F5Shares in RESP (Canadian Education Plan for Children)
- F6Ancillary defined benefit plan.
- F7Expiration date not applicable.
- F8Each share of phantom stock represents the right to receive the cash value of one share of Spectra Energy Corp Common Stock.
- F9Grant cliff vests 3 years from date of Grant.