Hill David Glen 4

4 · Ovintiv Inc. · Filed Feb 28, 2020

Form 4

Period: 2020-02-27

EVP, Exploration & Land

Transactions

Disposition to Issuer
Common Stock
2020-02-27$12.68/sh−16,118$204,376→ 8,000 total
Exercise/Conversion
Common Stock
2020-02-27$12.68/sh+6,552$83,079→ 14,552 total
Disposition to Issuer
Common Stock
2020-02-27$12.68/sh−6,552$83,079→ 8,000 total
Exercise/Conversion
Common Stock
2020-02-27$12.68/sh+16,118$204,376→ 24,118 total
Exercise/Conversion
Rights (Restricted Stock Unit)
2020-02-27−6,552→ 0 total
From: 2020-02-27Exp: 2020-02-27→ Common Stock (6,552 underlying)
Exercise/Conversion
Rights (Performance Stock Unit)
2020-02-27−16,118→ 0 total
From: 2020-02-27Exp: 2020-02-27→ Common Stock (16,118 underlying)

Footnotes (5)

[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]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.
[F5]Settlement of the PSUs was based on a performance criteria multiplier of 123 percent.

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