SEC Form 4 · accession 0001662190-17-000008
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 24, 2017
Accepted (ET)
Jan 25, 2017 · 4:35 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 24, 2017 | M | 1,330 | $116.80 | A | 1,330 | D | |
| Common StockF1 | Jan 24, 2017 | S | 1,330 | $152.46 | D | 0 | D | |
| Common Stock | Jan 24, 2017 | M | 2,580 | $122.73 | A | 2,580 | D | |
| Common StockF2 | Jan 24, 2017 | S | 2,580 | $152.44 | 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 | $116.80 | Jan 24, 2017 | M | 1,330 | D | — | Jan 22, 2026 | Common Stock | 1,330 | 3,989 | D |
| Employee Stock Options (Right to Buy)F4 | $122.73 | Jan 24, 2017 | M | 2,580 | D | — | Jan 31, 2024 | Common Stock | 2,580 | 2,580 | D |
Explanation of responses
- F1The reported shares were sold in Canadian dollars at an average price of CAD$200.52 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 24, 2017 of CAD$1.00 = USD$0.7603.
- F2The reported shares were sold in Canadian dollars at a price of CAD$200.50 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 24, 2017 of CAD$1.00 = USD$0.7603.
- F3The options, representing the right to purchase a total of 5,319 shares of common stock, vest in four equal annual installments beginning on January 22, 2017. 1/4 was vested on January 22, 2017; 1/4 will be vested on January 22, 2018; 1/4 will be vested on January 22, 2019; and 1/4 will be vested on January 22, 2020.
- F4The options, representing the right to purchase a total of 5,160 shares of common stock, vest in four equal annual installments beginning on January 31, 2015. 1/4 was vested on January 31, 2015; 1/4 was vested on January 31, 2016; 1/4 will be vested on January 31, 2017; and 1/4 will be vested on January 31, 2018.