SEC Form 4 · accession 0001714973-18-000032
Kinder Morgan Canada Ltd · KML
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gordon M. Ritchie
Director
Period of report
Jul 25, 2018
Accepted (ET)
Jul 27, 2018 · 5:45 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001714973
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Restricted Voting SharesF2 | Jul 25, 2018 | M | 10,000 | $0.00 | A | 33,010 | D | |
| Restricted Voting SharesF4 | Jul 25, 2018 | F | 4,800 | $12.71 | D | 28,210 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Share UnitsF2,F5 | — | Jul 25, 2018 | M | 10,000 | D | — | — | Restricted Voting Shares | 10,000 | 0 | D |
Explanation of responses
- F1This transaction represents the settlement of restricted share units on their scheduled vesting date of July 25, 2018.
- F2Each restricted share unit represents the right to receive, at settlement, one restricted voting share.
- F3Represents shares withheld by the issuer to satisfy tax withholding obligations upon vesting of restricted share units under the issuer's Restricted Share Unit Plan for Non-Employee Directors.
- F4As converted from CAD$16.63, representing the closing price for the issuer's restricted voting shares on the Toronto Stock Exchange on the date of vesting.
- F5These restricted share units vested on July 25, 2018.