ENBRIDGE INC — Director's Dealing 2019

Feb 25, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ENBRIDGE INC (ENB)
CIK: 0000895728
Period of Report: 2019-02-21

Reporting Person: Monaco Albert (Director, See Remarks)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-02-21	Common Shares	M	1058800	$39.34	Acquired	1775550	Direct
2019-02-21	Common Shares	F	902677	$48.81	Disposed	872873	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-02-21	Performance Stock Units	$	A	125580	Acquired		Common Shares (125580)	Direct
2019-02-21	Stock Option (right to buy)	$48.30	A	825740	Acquired	2029-02-21	Common Shares (825740)	Direct
2019-02-21	Performance Options	$39.34	M	1058800	Disposed	2020-08-15	Common Shares (1058800)	Direct

Footnotes

F1: 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.

F2: Exercise price is in Canadian dollars.

F3: The options will vest in four equal annual installments on each of the first through fourth anniversaries of grant.

F4: The options are fully vested.