SEC Form 4 · accession 0001127602-17-007217
Spectra Energy Corp. · SE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Laura Buss Sayavedra
Officer — Vice President and Treasurer
Period of report
Feb 16, 2017
Accepted (ET)
Feb 21, 2017 · 12:36 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, 2017 | M | 155 | $0.00 | A | 11,984 | D | |
| Common StockF1 | Feb 16, 2017 | D | 155 | — | D | 11,829 | D | |
| Common Stock | holding | — | — | — | 4,956 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| LTIP Phantom Merit Stock Grant Feb 2016F2,F3 | — | Feb 16, 2017 | M | 155 | D | Feb 16, 2017 | Feb 16, 2017 | Common Stock | 155 | 0 | D |
| Phantom StockF2,F4,F5 | — | Feb 16, 2017 | A | 155 | A | — | — | Common Stock | 155 | 155 | I |
Explanation of responses
- F1Upon the vesting of the performance shares, the reporting person deferred receipt of 155 units of common stock into her executive savings plan account. As a result, the reporting person is reporting the disposition of the 155 shares of common stock into her executive savings plan account.
- F2Converts to Common Stock on a 1-for-1 basis.
- F3Grant cliff vests in one year
- F4Payable upon termination of employment or occurrence of other events as specified in the Spectra Energy Corp Executive Savings Plan, subject to holding periods required by law.
- F5Expiration date not applicable.