FORM 3 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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1. Name and Address of Reporting Person*
(Street)
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2. Date of Event Requiring Statement
(Month/Day/Year) 01/01/2018 |
3. Issuer Name and Ticker or Trading Symbol
ENBRIDGE INC [ ENB ] |
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4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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5. If Amendment, Date of Original Filed
(Month/Day/Year) |
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6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Beneficially Owned | |||
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1. Title of Security (Instr. 4) | 2. Amount of Securities Beneficially Owned (Instr. 4) | 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 4. Nature of Indirect Beneficial Ownership (Instr. 5) |
Common Shares | 93,970 | D | |
Common Shares | 13,169 | I | Held through Spectra Retirement Savings Plan |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||
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1. Title of Derivative Security (Instr. 4) | 2. Date Exercisable and Expiration Date (Month/Day/Year) | 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) | 4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 6. Nature of Indirect Beneficial Ownership (Instr. 5) | ||
Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
Non-Qualified Options (right to buy) | (1) | 02/16/2026 | Common Shares | 58,941 | $28.87 | D | |
Non-Qualified Options (right to buy) | (2) | 02/28/2027 | Common Shares | 56,580 | $41.64 | D | |
Phantom Stock Units | (3) | (3) | Common Shares | 7,822 | (3) | D | |
Phantom Stock Units | (4) | (4) | Common Shares | 8,118 | (4) | D | |
Phantom Stock Units | (5) | (5) | Common Shares | 17,908 | (5) | D | |
Restricted Stock Units | (6) | (6) | Common Shares | 19,975 | (6) | D | |
Performance Stock Units | (7) | (7) | Common Shares | 8,981.3326(8) | (7) | D | |
Performance Stock Units | (9) | (9) | Common Shares | 4,897.0345(8) | (9) | D |
Explanation of Responses: |
1. The options were granted on February 16, 2016 under the Spectra Energy Corp. Long Term Incentive Plan, as amended and restated (the "Spectra LTIP") and, in connection with the merger (the "Merger") of Spectra Energy Corp. ("Spectra") and Enbridge, Inc. ("Enbridge") in February 2017, were converted into options to purchase Enbridge Common Shares. The options vest ratably over 3 years. |
2. The options were granted on February 28, 2017 under the Enbridge Incentive Stock Option Plan. The options vest ratably over 4 years. |
3. The units were granted on February 17, 2015 under the Spectra LTIP and will vest on February 17, 2018. In connection with the Merger, the units were converted into an award denominated in Enbridge Common Shares. The units will be settled in cash, based on the price of Enbridge Common Shares. |
4. The units were granted on February 16, 2016 under the Spectra LTIP and will vest on February 16, 2019. In connection with the Merger, the units were converted into an award denominated in Enbridge Common Shares. The units will be settled in cash, based on the price of Enbridge Common Shares. |
5. The units were granted on February 14, 2017 under the Spectra LTIP and will vest on February 14, 2020. In connection with the Merger, 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. |
6. The units were awarded on February 16, 2016 under the Spectra LTIP as Performance Share Units. In connection with the Merger, the applicable level of performance achievement was determined and each unit was converted into a Restricted Stock Unit denominated in Enbridge Common Shares and subject to only service-based vesting conditions. These units will vest on December 31, 2018. |
7. The units were granted on February 28, 2017 under the Enbridge Performance Stock Unit Plan and will vest on December 31, 2018. Each unit represents 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. |
8. Total includes the reinvestment of dividends and is rounded down. |
9. The units were granted on February 28, 2017 under the Enbridge Performance Stock Unit Plan and will vest on December 31, 2019. Each unit represents 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. |
Remarks: |
Executive Vice President & President, Gas Transmission & Midstream |
/s/ Vas Antoniou, attorney-in-fact | 01/02/2018 | |
** 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 5 (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. |