SEC Form 4 · accession 0001127602-16-041975
Spectra Energy Corp. · SE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Douglas P. Bloom
Officer — President Canadian LNG
Period of report
Feb 16, 2016
Accepted (ET)
Feb 17, 2016 · 6:21 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 | 4,710 | $0.00 | A | 74,813 | D | |
| Common Stock | Feb 16, 2016 | F | 2,247 | $28.49 | D | 72,566 | D | |
| Common StockF1 | holding | — | — | — | 5,373 | I | By Trustee | |
| Common StockF2,F3 | holding | — | — | — | 3,573 | 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 2013F4,F5 | — | Feb 16, 2016 | M | 4,710 | D | Feb 16, 2016 | — | Common Stock | 4,710 | 2,140 | D |
| LTIP Phantom Stock Grant Feb 2016F6,F7 | — | Feb 16, 2016 | A | 4,950 | A | Feb 16, 2019 | Feb 16, 2019 | Common Stock | 4,950 | 4,950 | D |
| Performance Shares Feb 2016F4,F5 | — | Feb 16, 2016 | A | 8,750 | A | Feb 16, 2019 | — | Common Stock | 8,750 | 8,750 | D |
| Employee Stock Option (Right to Buy) Feb 2016F8 | $28.40 | Feb 16, 2016 | A | 36,150 | A | — | Feb 16, 2026 | Common Stock | 36,150 | 36,150 | D |
Explanation of responses
- F1Shares in EPSP (Canadian Employee Savings Plan)
- F2Ancillary defined benefit plan.
- F3Ancillary defined benefit plan.
- 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.
- F6Each share of phantom stock represents the right to receive the cash value of one share of Spectra Energy Corp Common Stock.
- F7Grant cliff vests 3 years from date of Grant.
- F8The option becomes exercisable in three equal installments beginning on February 16, 2017.