SEC Form 4 · accession 0001104659-19-010398
ENBRIDGE INC · ENB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Albert Monaco
Officer — See Remarks · Director
Period of report
Feb 21, 2019
Accepted (ET)
Feb 25, 2019 · 6:47 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 SharesF2 | Feb 21, 2019 | M | 1,058,800 | $39.34 | A | 1,775,550 | D | |
| Common SharesF2 | Feb 21, 2019 | F | 902,677 | $48.81 | D | 872,873 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance Stock UnitsF1 | — | Feb 21, 2019 | A | 125,580 | A | — | — | Common Shares | 125,580 | 125,580 | D |
| Stock Option (right to buy)F2,F3 | $48.30 | Feb 21, 2019 | A | 825,740 | A | — | Feb 21, 2029 | Common Shares | 825,740 | 825,740 | D |
| Performance OptionsF2,F4 | $39.34 | Feb 21, 2019 | M | 1,058,800 | D | — | Aug 15, 2020 | Common Shares | 1,058,800 | 0 | D |
Explanation of responses
- F1The units were granted on February 21, 2019 and have a three year performance period commencing on January 1, 2019 and ending on December 31, 2021. The units represent a contingent right to receive in cash the value of one Enbridge Common Share based on pre-determined performance factors, with a maximum payment on settlement of 200% of the grant.
- F2Exercise price is in Canadian dollars.
- F3The options will vest in four equal annual installments on each of the first through fourth anniversaries of grant.
- F4The options are fully vested.
Remarks
President & Chief Executive Officer