SEC Form 4 · accession 0000950142-16-003579
CANADIAN PACIFIC RAILWAY LTD/CN · CP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Laird Joseph Pitz
Officer — VP & Chief Risk Officer
Period of report
Apr 20, 2016
Accepted (ET)
Apr 22, 2016 · 4:06 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000016875
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Options (Right to Buy)F1,F2 | $116.80 | Apr 20, 2016 | A | 7,235 | A | — | Jan 22, 2026 | Common Stock | 7,235 | 14,969 | D |
Explanation of responses
- F1The grant of the options was approved by a committee of the issuer's board of directors on January 22, 2016, subject to shareholder approval of the issuer's Section 162(m) Incentive Plan under which the options were granted. The issuer's shareholders approved the Section 162(m) Incentive Plan on April 20, 2016.
- F21/4 will be vested on January 22, 2017; 1/4 will be vested on January 22, 2018; 1/4 will be vested on January 22, 2019; 1/4 will be vested on January 22, 2020.