Williams Michael 4
4 · ENCANA CORP · Filed Mar 11, 2019
Insider Transaction Report
Form 4
ENCANA CORPECA
Williams Michael
EVP, Corp Services
Transactions
- Disposition to Issuer
Common Shares
2019-03-08$7.16/sh−57,278$410,110→ 16,125 total - Exercise/Conversion
Common Shares
2019-03-08$7.16/sh+192,451$1,377,949→ 208,576 total - Exercise/Conversion
Rights (Performance Share Unit)
2019-03-08−113,055→ 0 totalFrom: 2019-03-08Exp: 2019-03-08→ Common Shares (113,055 underlying) - Exercise/Conversion
Common Shares
2019-03-08$7.16/sh+57,278$410,110→ 73,403 total - Disposition to Issuer
Common Shares
2019-03-08$7.16/sh−192,451$1,377,949→ 16,125 total - Exercise/Conversion
Rights (Restricted Share Unit)
2019-03-08−57,278→ 0 totalFrom: 2019-03-08Exp: 2019-03-08→ Common Shares (57,278 underlying)
Footnotes (5)
- [F1]Each Restricted Share Unit (each, "RSU") is the economic equivalent of one common share of Encana Corporation and attracts dividend equivalent RSUs.
- [F2]The RSUs settled in Canadian dollars at a price of CAD$9.54 per RSU. The price has been converted to U.S. dollars using the Bank of Canada exchange rate on the transaction date.
- [F3]Each Performance Share Unit (each, "PSU") is settled based on the achievement of certain performance criteria, is valued based on the economic equivalent of one common share of Encana Corporation, and attracts dividend equivalent PSUs.
- [F4]The PSU is settled in Canadian dollars at a price of CAD$9.54 per share and is determined based on the volume-weighted average price of a common share of Encana Corporation on the Toronto Stock Exchange for the five trading days following approval of the performance criteria multiplier. The price has been converted to U.S. dollars using the Bank of Canada exchange rate on the transaction date.
- [F5]Settlement of the PSUs was based on a performance criteria multiplier of 168 percent.