4//SEC Filing
Spectra Energy Corp. 4
Accession 0001127602-17-009209
CIK 0001373835operating
Filed
Feb 28, 7:00 PM ET
Accepted
Mar 1, 3:39 PM ET
Size
19.3 KB
Accession
0001127602-17-009209
Insider Transaction Report
Form 4
Capps Allen C
Vice President and Treasurer
Transactions
- Disposition to Issuer
Performance Shares Feb 2016
2017-02-27−4,500→ 0 totalFrom: 2019-02-16→ Common Stock (4,500 underlying) - Disposition to Issuer
LTIP Phantom Stock Grant Feb 2017
2017-02-27−5,550→ 0 totalFrom: 2020-02-14Exp: 2020-02-14→ Common Stock (5,550 underlying) - Disposition to Issuer
LTIP Phantom Stock Grant Feb 2016
2017-02-27−4,200→ 0 totalFrom: 2019-02-16Exp: 2019-02-16→ Common Stock (4,200 underlying) - Disposition to Issuer
Common Stock
2017-02-27−7,364→ 0 total - Disposition to Issuer
LTIP Phantom Stock Grant Feb 2015
2017-02-27−2,650→ 0 totalFrom: 2018-02-17Exp: 2018-02-17→ Common Stock (2,650 underlying) - Disposition to Issuer
Common Stock
2017-02-27−13,042→ 0 total(indirect: Retirement Savings Plan) - Disposition to Issuer
Performance Shares Feb 2015
2017-02-27−4,150→ 0 totalFrom: 2018-02-17→ Common Stock (4,150 underlying)
Footnotes (10)
- [F1]Includes shares acquired pursuant to dividend reinvestment.
- [F10]Each phantom unit represents the economic equivalent of one share of common stock. Upon settlement, the phantom units will be settled (i) 50% in cash and (ii) 50% in shares of the Company's common stock.
- [F2]At the effective time of the Merger, each issued and outstanding share of the common stock of the Issuer was converted into the right to receive 0.984 an Enbridge common share, with cash paid in lieu of fractional shares, in accordance with the Merger Agreement (the "Merger Consideration").
- [F3]The number of performance shares that vest is based on the achievement of a specified total shareholder return for Spectra Energy Corp Common Stock.
- [F4]Expiration date not applicable.
- [F5]Pursuant to the Merger Agreement, at the effective time of the Merger, each outstanding Post-2015 performance based unit of the Issuer were assumed by Enbridge and automatically converted into a corresponding equity incentive award with respect to Enbridge common shares in accordance with the Merger Agreement.
- [F6]Each share of phantom stock represents the right to receive the cash value of one share of Spectra Energy Corp Common Stock.
- [F7]At the effective time of the Merger, each outstanding phantom unit denominated in the common stock of the Issuer was automatically adjusted to represent a phantom unit, on the same terms and conditions as were applicable immediately prior to the effective time of the Merger, denominated in a number of Enbridge common shares in accordance with the Merger Agreement.
- [F8]Converts to Common Stock on a 1-for-1 basis.
- [F9]At the effective time of the Merger, each outstanding phantom unit denominated in the common stock of the Issuer was automatically adjusted to represent a phantom unit, on the same terms and conditions as were applicable immediately prior to the effective time of the Merger, denominated in a number of Enbridge common shares in accordance with the Merger Agreement.
Documents
Issuer
Spectra Energy Corp.
CIK 0001373835
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001373835
Filing Metadata
- Form type
- 4
- Filed
- Feb 28, 7:00 PM ET
- Accepted
- Mar 1, 3:39 PM ET
- Size
- 19.3 KB