SEC Form 4 · accession 0001127602-16-042137
Spectra Energy Corp. · SE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William T. Yardley
Officer — Pres, US Transmission&Storage
Period of report
Feb 16, 2016
Accepted (ET)
Feb 18, 2016 · 3:49 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 | 55,763 | D | |
| Common StockF1 | Feb 16, 2016 | F | 1,261 | $28.49 | D | 54,502 | 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 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 | 8,250 | A | Feb 16, 2019 | Feb 16, 2019 | Common Stock | 8,250 | 8,250 | D |
| Performance Shares Feb 2016F2,F3 | — | Feb 16, 2016 | A | 14,500 | A | Feb 16, 2019 | — | Common Stock | 14,500 | 14,500 | D |
| Employee Stock Option (Right to Buy) Feb 2016F6 | $28.40 | Feb 16, 2016 | A | 59,900 | A | — | Feb 16, 2026 | Common Stock | 59,900 | 59,900 | D |
Explanation of responses
- F1Includes 8,208 held by Trustee 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.