SEC Form 4 · accession 0001127602-16-070527
Spectra Energy Corp. · SE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gregory L Ebel
Officer — President and CEO · Director
Period of report
Dec 16, 2016
Accepted (ET)
Dec 20, 2016 · 2:05 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 | Dec 16, 2016 | M | 116,745 | $0.00 | A | 410,758 | D | |
| Common Stock | Dec 16, 2016 | M | 159,800 | $0.00 | A | 521,583 | D | |
| Common Stock | Dec 16, 2016 | F | 48,975 | $41.79 | D | 361,783 | D | |
| Common Stock | Dec 16, 2016 | F | 67,037 | $41.79 | D | 454,546 | D | |
| Common Stock | holding | — | — | — | 1,572 | I | By Spouse Retirement Savings Plan | |
| Common Stock | holding | — | — | — | 5,963 | I | Retirement Savings Plan |
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 2014F2,F1,F3 | — | Dec 16, 2016 | M | 81,450 | D | Feb 18, 2017 | — | Common Stock | 81,450 | 9,050 | D |
| Performance Shares Feb 2015F4,F1,F3 | — | Dec 16, 2016 | M | 79,900 | D | Feb 17, 2018 | — | Common Stock | 79,900 | 14,100 | D |
Explanation of responses
- F1The number of performance shares that vest is based on the achievement of a specified total shareholder return for Spectra Energy Corp Common Stock.
- F2Vested with respect to 90% of the performance share award on December 16, 2016. The actual number of shares underlying such award that vest is based on the achievement of a specified total shareholder return for Spectra Energy Corp common stock
- F3Expiration date not applicable.
- F4Vested with respect to 85% of the performance share award on December 16, 2016. The actual number of shares underlying such award that vest is based on the achievement of a specified total shareholder return for Spectra Energy Corp common stock.