SEC Form 4 · accession 0001127602-16-041942
Spectra Energy Corp. · SE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Guy G. Buckley
Officer — Chief Development Officer
Period of report
Feb 16, 2016
Accepted (ET)
Feb 17, 2016 · 5:47 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 | 2,854 | $0.00 | A | 28,897 | D | |
| Common Stock | Feb 16, 2016 | F | 1,198 | $28.49 | D | 27,699 | D |
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,F2 | — | Feb 16, 2016 | M | 2,854 | D | Feb 16, 2016 | — | Common Stock | 2,854 | 1,296 | D |
| LTIP Phantom Stock Grant Feb 2016F3,F4 | — | Feb 16, 2016 | A | 8,050 | A | Feb 16, 2019 | Feb 16, 2019 | Common Stock | 8,050 | 8,050 | D |
| Performance Shares Feb 2016F1,F2 | — | Feb 16, 2016 | A | 14,200 | A | Feb 16, 2019 | — | Common Stock | 14,200 | 14,200 | D |
| Employee Stock Option (Right to Buy) Feb 2016F5 | $28.40 | Feb 16, 2016 | A | 58,700 | A | — | Feb 16, 2026 | Common Stock | 58,700 | 58,700 | 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.
- F2Expiration date not applicable.
- F3Each share of phantom stock represents the right to receive the cash value of one share of Spectra Energy Corp Common Stock.
- F4Grant cliff vests 3 years from date of Grant.
- F5The option becomes exercisable in three equal annual installments beginning on 2/16/2017