SEC Form 4 · accession 0000895728-18-000105
ENBRIDGE INC · ENB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gregory L Ebel
Director
Period of report
Dec 14, 2018
Accepted (ET)
Dec 18, 2018 · 1:26 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000895728
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common SharesF1 | Dec 17, 2018 | A | 24,770 | — | A | 647,745 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Deferred Stock UnitsF3,F2 | — | Dec 14, 2018 | A | 2,014 | A | — | — | Common Shares | 2,014 | 13,929 | D |
Explanation of responses
- F1Pursuant to the Agreement and Plan of Merger, dated August 24, 2018, among Spectra Energy Partners, LP ("SEP"), Enbridge Inc. ("Enbridge"), Autumn Acquisition Sub, LLC and the other parties thereto, at the closing of the merger on December 17, 2018, each common unit of SEP (other than those held by Enbridge or its subsidiaries) was exchanged for 1.111 Enbridge Common Shares and cash in lieu of any fractional shares. The market value of Enbridge Common Shares at the effective time of the merger was $35.40.
- F2All non-employee directors receive a portion of their compensation in the form of Deferred Stock Units ("DSUs"), which represent notional shares with the same value as Enbridge Common Shares. Such DSUs are fully vested at grant and are settled in cash upon retirement of the director based on the price of Enbridge Common Shares. The DSUs have no expiration date.
- F3Includes 182 DSUs acquired by the Reporting Person between September 22, 2018 and December 14, 2018 pursuant to a dividend reinvestment feature under the Enbridge Inc. Directors' Compensation Plan.