SEC Form 4 · accession 0001104659-19-010402
ENBRIDGE INC · ENB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William T. Yardley
Officer — See Remarks
Period of report
Feb 21, 2019
Accepted (ET)
Feb 25, 2019 · 6:49 pm EST
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance Stock UnitsF1 | — | Feb 21, 2019 | A | 39,290 | A | — | — | Common Shares | 39,290 | 39,290 | D |
| Stock Option (right to buy)F2 | $36.71 | Feb 21, 2019 | A | 202,700 | A | — | Feb 21, 2029 | Common Shares | 202,700 | 202,700 | 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.
- F2The options will vest in four equal annual installments on each of the first through fourth anniversaries of grant.
Remarks
Executive Vice President & President, Gas Transmission & Midstream