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ENBRIDGE INC — Director's Dealing 2019
Jun 4, 2019
29858_dirs_2019-06-04_a1f8dbf1-6c89-41ed-8a3b-240bc8035ff3.zip
Director's Dealing
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SEC Form 3 — Initial Statement of Beneficial Ownership
Issuer: ENBRIDGE INC (ENB)
CIK: 0000895728
Period of Report: 2019-06-01
Reporting Person: Sayavedra Laura Buss (See Remarks)
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Shares | 23714 | Direct |
| Common Shares | 5754 | Indirect |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Stock Option (right to buy) | $33.97 | 2028-02-27 | Common Shares (15280.0) | Direct | |
| Stock Option (right to buy) | $36.71 | 2029-02-21 | Common Shares (42210.0) | Direct | |
| Phantom Stock Units | $ | Common Shares (4182.0) | Direct | ||
| Performance Stock Units | $ | Common Shares (2690.0) | Direct | ||
| Performance Stock Units | $ | Common Shares (8100.0) | Direct |
Footnotes
F1: The options were granted on February 27, 2018 and vest in four equal annual installments.
F2: The options were granted on February 21, 2019 and vest in four equal annual installments.
F3: The units were granted on February 14, 2017 under the Spectra Energy Corp. Long Term Incentive Plan, as amended and restated, and will vest on February 14, 2020. In connection with the merger of Spectra Energy Corp. and Enbridge Inc. in February 2017, the units were converted into an award denominated in Enbridge Common Shares. The units will be settled 50% in cash (based on the price of Enbridge Common Shares) and 50% in Enbridge Common Shares.
F4: The units were granted on February 1, 2018 and have a three year performance period commencing on January 1, 2018 and ending on December 31, 2020. The units represent a contingent right to receive in cash the value of one Enbridge Common Share based on pre-determined performance factors, with a maximum payment on settlement of 200% of the grant.
F5: The units were granted on February 21, 2019 and have a three year performance period commencing on January 1, 2019 and ending on December 31, 2021. The units represent a contingent right to receive in cash the value of one Enbridge Common Share based on pre-determined performance factors, with a maximum payment on settlement of 200% of the grant.