Harden Hugh 4
4 · Kinder Morgan Canada Ltd · Filed Sep 5, 2018
Insider Transaction Report
Form 4
Harden Hugh
Vice President, Operations
Transactions
- Tax Payment
Restricted Voting Shares
2018-08-31$17.18/sh−21,764$373,906→ 23,577 total - Exercise/Conversion
Restricted Share Unit
2018-08-31−45,341→ 0 total→ Restricted Voting Shares (45,341 underlying) - Exercise/Conversion
Restricted Voting Shares
2018-08-31+45,341→ 45,341 total
Footnotes (4)
- [F1]Each restricted share unit represents the right to receive either (i) a number of restricted voting shares equal to the number of vested restricted share units or (ii) an amount in cash equal to the fair market value of the restricted voting shares otherwise issuable. These restricted share units vested and settled in restricted voting shares on August 31, 2018 as a result of the closing of the transactions contemplated by the share and unit purchase agreement, dated May 29, 2018, among Kinder Morgan Cochin ULC, Her Majesty in right of Canada, the issuer and Kinder Morgan, Inc.
- [F2]Represents shares withheld by the issuer to satisfy tax withholding obligations upon vesting of restricted share units.
- [F3]Closing price, in Canadian dollars, of the issuer's restricted voting shares on the date of vesting.
- [F4]The restricted share units were scheduled to vest on December 31, 2018.