SEC Form 4 · accession 0001662190-17-000006
CANADIAN PACIFIC RAILWAY LTD/CN · CP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mark Kenneth Wallace
Officer — VP Corp Affrs & Chief of Staff
Period of report
Jan 23, 2017
Accepted (ET)
Jan 24, 2017 · 3:37 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000016875
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Jan 23, 2017 | M | 4,500 | $86.64 | A | 4,500 | D | |
| Common StockF1 | Jan 23, 2017 | S | 4,500 | $150.23 | D | 0 | D | |
| Common Stock | Jan 23, 2017 | M | 3,580 | $94.08 | A | 3,580 | D | |
| Common StockF2 | Jan 23, 2017 | S | 3,580 | $150.12 | D | 0 | D |
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)F3 | $86.64 | Jan 23, 2017 | M | 4,500 | D | — | Feb 22, 2023 | Common Stock | 4,500 | 1,500 | D |
| Employee Stock Options (Right to Buy)F4 | $94.08 | Jan 23, 2017 | M | 3,580 | D | — | Mar 5, 2023 | Common Stock | 3,580 | 1,460 | D |
Explanation of responses
- F1The reported shares were sold in Canadian dollars at an average price of CAD$199.64 per share. The sale price per share was converted into its U.S. dollar equivalent using the Bank of Canada noon exchange rate on January 23, 2017 of CAD$1.00 = USD$0.7525.
- F2The reported shares were sold in Canadian dollars at a price of CAD$199.50 per share. The sale price per share was converted into its U.S. dollar equivalent using the Bank of Canada noon exchange rate on January 23, 2017 of CAD$1.00 = USD$0.7525.
- F3The options, representing the right to purchase a total of 6,000 shares of common stock, vest in four equal annual installments beginning on February 22, 2014. 1/4 was vested on February 22, 2014; 1/4 was vested on February 22, 2015; 1/4 was vested on February 22, 2016; and 1/4 will be vested on February 22, 2017.
- F4The options, representing the right to purchase a total of 5,040 shares of common stock, vest in four equal annual installments beginning on March 5, 2014. 1/4 was vested on March 5, 2014; 1/4 was vested on March 5, 2015; 1/4 was vested on March 5, 2016; and 1/4 will be vested on March 5, 2017.