SEC Form 4 · accession 0001127602-17-006202
Spectra Energy Corp. · SE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Stephen W Baker
Officer — President, Union Gas
Period of report
Feb 14, 2017
Accepted (ET)
Feb 15, 2017 · 12:44 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001373835
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| LTIP Phantom Stock Grant Feb 2017F1,F2 | — | Feb 14, 2017 | A | 11,900 | A | Feb 14, 2020 | Feb 14, 2020 | Common Stock | 11,900 | 11,900 | D |
Explanation of responses
- F1Each phantom unit represents the economic equivalent of one share of common stock. Upon settlement, the phantom units will be settled (i) 50% in cash and (ii) 50% in shares of the Company's common stock.
- F2Grant cliff vests 3 years from date of grant.