0001127602-17-009209.txt : 20170301
0001127602-17-009209.hdr.sgml : 20170301
20170301153917
ACCESSION NUMBER: 0001127602-17-009209
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20170227
FILED AS OF DATE: 20170301
DATE AS OF CHANGE: 20170301
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Spectra Energy Corp.
CENTRAL INDEX KEY: 0001373835
STANDARD INDUSTRIAL CLASSIFICATION: NATURAL GAS TRANSMISSION & DISTRIBUTION [4923]
IRS NUMBER: 205413139
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 5400 WESTHEIMER COURT
CITY: HOUSTON
STATE: TX
ZIP: 77056
BUSINESS PHONE: 704-382-8160
MAIL ADDRESS:
STREET 1: 5400 WESTHEIMER COURT
CITY: HOUSTON
STATE: TX
ZIP: 77056
FORMER COMPANY:
FORMER CONFORMED NAME: Gas SpinCo, Inc.
DATE OF NAME CHANGE: 20060825
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Capps Allen C
CENTRAL INDEX KEY: 0001421157
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-33007
FILM NUMBER: 17653833
MAIL ADDRESS:
STREET 1: 5400 WESTHEIMER COURT
CITY: HOUSTON
STATE: TX
ZIP: 77056-5310
4
1
form4.xml
PRIMARY DOCUMENT
X0306
4
2017-02-27
1
0001373835
Spectra Energy Corp.
SE
0001421157
Capps Allen C
5400 WESTHEIMER COURT
HOUSTON
TX
77056
1
Vice President and Controller
Common Stock
2017-02-27
4
D
0
7364
D
0
D
Common Stock
2017-02-27
4
D
0
13042
D
0
I
Retirement Savings Plan
Performance Shares Feb 2015
2017-02-27
4
D
0
4150
D
2018-02-17
Common Stock
4150
0
D
Performance Shares Feb 2016
2017-02-27
4
D
0
4500
D
2019-02-16
Common Stock
4500
0
D
LTIP Phantom Stock Grant Feb 2015
2017-02-27
4
D
0
2650
D
2018-02-17
2018-02-17
Common Stock
2650
0
D
LTIP Phantom Stock Grant Feb 2016
2017-02-27
4
D
0
4200
D
2019-02-16
2019-02-16
Common Stock
4200
0
D
LTIP Phantom Stock Grant Feb 2017
2017-02-27
4
D
0
5550
D
2020-02-14
2020-02-14
Common Stock
5550
0
D
Includes shares acquired pursuant to dividend reinvestment.
At the effective time of the Merger, each issued and outstanding share of the common stock of the Issuer was converted into the right to receive 0.984 an Enbridge common share, with cash paid in lieu of
fractional shares, in accordance with the Merger Agreement (the "Merger Consideration").
The number of performance shares that vest is based on the achievement of a specified total shareholder return for Spectra Energy Corp Common Stock.
Expiration date not applicable.
Pursuant to the Merger Agreement, at the effective time of the Merger, each outstanding Post-2015 performance based unit of the Issuer were assumed by Enbridge and automatically converted into a
corresponding equity incentive award with respect to Enbridge common shares in accordance with the Merger Agreement.
Each share of phantom stock represents the right to receive the cash value of one share of Spectra Energy Corp Common Stock.
At the effective time of the Merger, each outstanding phantom unit denominated in the common stock of the Issuer was automatically adjusted to represent a phantom unit, on the same terms and conditions as
were applicable immediately prior to the effective time of the Merger, denominated in a number of Enbridge common shares in accordance with the Merger Agreement.
Converts to Common Stock on a 1-for-1 basis.
At the effective time of the Merger, each outstanding phantom unit denominated in the common stock of the Issuer was automatically adjusted to represent a phantom unit, on the same terms and conditions as were
applicable immediately prior to the effective time of the Merger, denominated in a number of Enbridge common shares in accordance with the Merger Agreement.
Each phantom unit represents the economic equivalent of one share of common stock. Upon settlement, the phantom units will be settled (i) 50% in cash and (ii) 50% in shares of the Company's common stock.
This Form 4 reports securities disposed pursuant to the terms of an Agreement and Plan of Merger (the "Merger Agreement"), dated as of September 5, 2016, a copy of which is filed as Exhibit 2.1 to the Issuer's Form 8-K filed withthe SEC on September 6, 2016, and by which the Issuer became a wholly owned subsidiary (the "Merger") of Enbridge Inc ("Enbridge") on February 27, 2017 (the "effective time").
/s/ Annachiara Jones, attorney-in-fact
2017-03-01