FORM 5 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
|
|||||||||||||||
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). | |||||||||||||||||
Form 3 Holdings Reported. | |||||||||||||||||
|
Form 4 Transactions Reported. |
1. Name and Address of Reporting Person*
(Street)
|
2. Issuer Name and Ticker or Trading Symbol
Ovintiv Inc. [ OVV ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
|
||||||||||||||||||||||||
3. Statement for Issuer's Fiscal Year Ended
(Month/Day/Year) 12/31/2019 | ||||||||||||||||||||||||||
4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
|
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | |||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned at end of Issuer's Fiscal Year (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||||||
Amount | (A) or (D) | Price |
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | ||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
(A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | |||||||||
Rights (Deferred Share Unit)(1)(2) | (3) | 03/29/2019 | 4A | 694(4) | (3) | (3) | Common Stock(1) | 694(4) | $36.05(5) | 37,394 | D | |||
Rights (Deferred Share Unit)(1)(2) | (3) | 06/28/2019 | 4A | 1,001(4) | (3) | (3) | Common Stock(1) | 1,001(4) | $25(6) | 38,395 | D | |||
Rights (Deferred Share Unit)(1)(2) | (3) | 09/30/2019 | 4A | 1,084(4) | (3) | (3) | Common Stock(1) | 1,084(4) | $23.05(7) | 39,479 | D | |||
Rights (Deferred Share Unit)(1)(2) | (3) | 12/31/2019 | 4A | 1,088(4) | (3) | (3) | Common Stock(1) | 1,088(4) | $23(8) | 40,567 | D |
Explanation of Responses: |
1. Pursuant to Rule 12g-3(a) under the Exchange Act, Ovintiv Inc. ("Ovintiv") is the successor issuer to Encana Corporation ("Encana"). |
2. 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 preconsolidation 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. |
3. Each Deferred Share Unit (each, a "DSU") is the economic equivalent of one share of common stock of Ovintiv. DSUs are held until termination of employment. |
4. The amount of DSUs have been adjusted for the Share Consolidation. |
5. 3,648 DSUs were awarded at a pre-consolidation price of CAD$9.68 per DSU (CAD$48.40 following the Share Consolidation). The price has been converted to U.S. dollars using the Bank of Canada exchange rate on the transaction date and the number of DSUs and price have been adjusted for the Share Consolidation. |
6. 5,003 DSUs were awarded at a pre-consolidation price of CAD$6.54 per DSU (CAD$32.70 following the Share Consolidation). The price has been converted to U.S. dollars using the Bank of Canada exchange rate on the transaction date and the number of DSUs and price have been adjusted for the Share Consolidation. |
7. 5,419 DSUs were awarded at a pre-consolidation price of CAD$6.11 per DSU (CAD$30.55 following the Share Consolidation). The price has been converted to U.S. dollars using the Bank of Canada exchange rate on the transaction date and the number of DSUs and price have been adjusted for the Share Consolidation. |
8. 5,440 DSUs were awarded at a pre-consolidation price of CAD$6.04 per DSU (CAD$30.20 following the Share Consolidation). The price has been converted to U.S. dollars using the Bank of Canada exchange rate on the transaction date and the number of DSUs and price have been adjusted for the Share Consolidation. |
/s/Dawna Gibb, by Power of Attorney | 03/03/2020 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v). | ||
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |