HEEG PEGGY A 4
4 · TC PIPELINES LP · Filed Oct 1, 2020
Insider Transaction Report
Form 4
HEEG PEGGY A
Director
Transactions
- Award
Deferred Share Units
2020-09-30$25.58/sh+127$3,249→ 127 total→ Common units representing limited partner interest (127 underlying)
Footnotes (3)
- [F1]Upon termination of service as a director, Deferred Share Units ("DSUs") recorded in the reporting person's account will be settled, at the reporting person's election, in common units representing
- [F2]The DSUs are immediately fully vested and are redeemable only following Mr. Malquist's termination of Board service.
- [F3]Represents the automatic grant of DSUs made to Ms. Heeg on a quarterly basis as part of her annual board compensation. The number of DSUs is calculated based on the Fair Market Value of the Common Units on the last trading day of the quarterly payment period.