SEC Form 4 · accession 0001127602-16-042081
Spectra Energy Corp. · SE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert Mark Fiedorek
Officer — President SET West
Period of report
Feb 16, 2016
Accepted (ET)
Feb 18, 2016 · 12:42 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 | Feb 16, 2016 | M | 4,607 | $0.00 | A | 104,339 | D | |
| Common StockF1 | Feb 16, 2016 | F | 1,261 | $28.49 | D | 103,078 | D | |
| Common Stock | holding | — | — | — | 4,000 | I | By Son |
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 2013F2,F3 | — | Feb 16, 2016 | M | 4,607 | D | Feb 16, 2016 | — | Common Stock | 4,607 | 2,093 | D |
| LTIP Phantom Stock Grant Feb 2016F4,F5 | — | Feb 16, 2016 | A | 6,850 | A | Feb 16, 2019 | Feb 16, 2019 | Common Stock | 6,850 | 6,850 | D |
| Performance Shares Feb 2016F2,F3 | — | Feb 16, 2016 | A | 12,100 | A | Feb 16, 2019 | — | Common Stock | 12,100 | 12,100 | D |
| Employee Stock Option (Right to Buy) Feb 2016F6 | $28.40 | Feb 16, 2016 | A | 49,900 | A | — | Feb 16, 2026 | Common Stock | 49,900 | 49,900 | D |
Explanation of responses
- F1Includes 24,009 held by Trustee in the Retirement Savings Plan.
- F2Converts 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.
- F3Expiration date not applicable.
- F4Each share of phantom stock represents the right to receive the cash value of one share of Spectra Energy Corp Common Stock.
- F5Grant cliff vests 3 years from date of Grant.
- F6The option becomes exercisable in three equal installments beginning on February 16, 2017.