4//SEC Filing
McAllister Michael Gerard 4
Accession 0001667731-20-000062
CIK 0001792580other
Filed
Feb 27, 7:00 PM ET
Accepted
Feb 28, 5:18 PM ET
Size
24.2 KB
Accession
0001667731-20-000062
Insider Transaction Report
Form 4
Ovintiv Inc.OVV
McAllister Michael Gerard
President
Transactions
- Exercise/Conversion
Common Stock
2020-02-27$12.68/sh+9,980$126,546→ 22,245 total - Disposition to Issuer
Common Stock
2020-02-27$12.68/sh−9,980$126,546→ 12,265 total - Exercise/Conversion
Common Stock
2020-02-27$12.68/sh+24,551$311,307→ 36,816 total - Disposition to Issuer
Common Stock
2020-02-27$12.68/sh−24,551$311,307→ 12,265 total - Exercise/Conversion
Rights (Restricted Stock Unit)
2020-02-27−9,980→ 0 totalFrom: 2020-02-27Exp: 2020-02-27→ Common Stock (9,980 underlying) - Exercise/Conversion
Rights (Performance Stock Unit)
2020-02-27−24,551→ 0 totalFrom: 2020-02-27Exp: 2020-02-27→ Common Stock (24,551 underlying)
Footnotes (7)
- [F1]Pursuant to Rule 12g-3(a) under the Exchange Act, Ovintiv is the successor issuer to Encana Corporation ("Encana").
- [F2]On January 24, 2020, Encana completed a corporate reorganization (the "Reorganization") which included, among other things, a share consolidation on the basis of one post-consolidation share for each five pre-consolidation shares (the "Share Consolidation") and Ovintiv Inc. ultimately acquiring all of the issued and outstanding common shares of Encana in exchange for shares of Ovintiv on a one-for-one basis. The amount of securities beneficially owned reflect completion of the Reorganization, including the Share Consolidation.
- [F3]Each Restricted Share Unit (each, "RSU") is the economic equivalent of one share of Ovintiv Inc. common stock and attracts dividend equivalent RSUs.
- [F4]The RSUs settled in Canadian dollars at a price of CAD$17.11 per RSU. The price has been converted to U.S. dollars using the Bank of Canada exchange rate on the transaction date.
- [F5]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 Ovintiv Inc. common stock and attracts dividend equivalent PSUs.
- [F6]The PSU is settled in Canadian dollars at a price of CAD$17.11 per share and is determined based on the volume-weighted average price of one share of common stock of Ovintiv Inc. 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.
- [F7]Settlement of the PSUs was based on a performance criteria multiplier of 123 percent.
Issuer
Ovintiv Inc.
CIK 0001792580
Entity typeother
Related Parties
1- filerCIK 0001692879
Filing Metadata
- Form type
- 4
- Filed
- Feb 27, 7:00 PM ET
- Accepted
- Feb 28, 5:18 PM ET
- Size
- 24.2 KB