SEC Form 4 · accession 0000895728-19-000045
ENBRIDGE INC · ENB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
D Guy Jarvis
Officer — See Remarks
Period of report
Mar 8, 2019
Accepted (ET)
Mar 12, 2019 · 6:18 pm EDT
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,F2 | Mar 8, 2019 | D | 14,100 | $42.45 | D | 47,455 | D | |
| Common SharesF2 | Mar 8, 2019 | M | 169,400 | $39.34 | A | 216,855 | D | |
| Common SharesF2,F3 | Mar 8, 2019 | F | 145,387 | $48.36 | D | 71,635 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance OptionsF2,F4 | $39.34 | Mar 8, 2019 | M | 169,400 | D | — | Aug 15, 2020 | Common Shares | 169,400 | 0 | D |
Explanation of responses
- F1These represent previously granted Performance Stock Units for which the performance conditions were satisfied on February 12, 2019. Each unit was settled in cash on March 8, 2019 using a performance multiplier of 0.92 and based on the weighted average trading price of Common Shares on the Toronto Stock Exchange for the twenty trading days immediately prior to the end of the performance period (December 31, 2018).
- F2The exercise price is in Canadian dollars.
- F3Includes 12 Enbridge Common Shares acquired by the Reporting Person between February 23, 2019 and March 8, 2019 under the Enbridge Employee Savings Plan in transactions that were exempt under Rule 16b-3(c), and 155 Enbridge Common Shares acquired by the Reporting Person between February 23, 2019 and March 8, 2019 pursuant to a dividend reinvestment feature under the Enbridge Employee Savings Plan.
- F4The options were granted on August 15, 2012 and are fully vested.
Remarks
Executive Vice President & President, Liquids Pipelines