SEC Form 4 · accession 0001104659-18-020515
ENBRIDGE INC · ENB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael McShane
Director
Period of report
Mar 23, 2018
Accepted (ET)
Mar 27, 2018 · 6:10 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000895728
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Deferred Stock UnitsF2,F1 | — | Mar 23, 2018 | A | 1,972 | A | — | — | Common Shares | 1,972 | 4,536 | D |
Explanation of responses
- F1All 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.
- F2Includes 41 DSUs acquired by the Reporting Person between January 2, 2018 and March 23, 2018 under the Enbridge Dividend Reinvestment and Share Purchase Plan in transactions that were exempt under Rule 16a-11.