McAllister Michael Gerard 4

4 · ENCANA CORP · Filed Mar 11, 2019

Form 4

Period: 2019-03-08

EVP & COO

Transactions

Award
Rights (Restricted Share Unit)
2019-03-08+90,409→ 90,409 total
From: 2022-03-08→ Common Shares (90,409 underlying)
Award
Options (Tandem Stock Appreciation)
2019-03-08+196,541→ 196,541 total
Exercise: $7.16Exp: 2026-03-08→ Common Shares (196,541 underlying)

Footnotes (3)

[F1]30% vest on March 8, 2020, 30% vest on March 8, 2021 and 40% vest on March 8, 2022, subject to the grantee's active employment on such dates and the terms and conditions of the Omnibus Incentive Plan of Encana Corporation and applicable grant agreement.
[F2]Each Restricted Share Unit (each, "RSU") is the economic equivalent of one common share of Encana Corporation and attracts dividend equivalent RSUs. The RSUs vest on March 8, 2022, subject to the grantee's active employment on such date and the terms and conditions of the Omnibus Incentive Plan of Encana Corporation and applicable grant agreement.
[F3]The exercise price of Options granted is determined in Canadian dollars at a price of CAD$9.54 per share and is based on the volume-weighted average price of a common share of Encana Corporation on the Toronto Stock Exchange for the five days prior to the transaction date. The price has been converted to U.S. dollars using the Bank of Canada exchange rate on the transaction date.

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