SEC Form 4
FORM 4 | UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 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 |
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). |
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)
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3. Date of Earliest Transaction (Month/Day/Year) 03/31/2021 | ||||||||||||||||||||||||||
4. If Amendment, Date of Original Filed (Month/Day/Year) | 6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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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 Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
Code | V | Amount | (A) or (D) | Price | ||||||
Common Stock | 03/08/2022 | M(1) | 5,193 | A | (3) | 23,736 | D | |||
Common Stock | 03/08/2022 | F(2) | 2,550 | D | $47.28(4) | 21,186(10) | D |
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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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) | ||||
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Restricted Share Unit | (5) | 03/08/2022 | M | 5,193 | 03/08/2022 | 03/08/2022 | Common Stock | 5,193 | $0 | 21,678(6) | D | ||||
Deferred Share Unit | (7) | 03/31/2021(8) | A | 427 | (7) | (7) | Common Stock | 427 | $0 | 29,479(9) | D |
Explanation of Responses: |
1. Represents the settlement upon vesting of Restricted Share Units ("RSUs"). |
2. Reporting the withholding by Ovintiv Inc. ("Ovintiv") of Ovintiv common stock (from the shares of common stock issued upon settlement upon vesting of RSUs) to satisfy payment of tax withholding obligations. |
3. RSUs convert into Ovintiv common stock on a one-for-one basis. |
4. The RSUs settled in Canadian dollars at a price of CAD$60.84 per RSU. The price has been converted to U.S. dollars using the Bank of Canada exchange rate on the transaction date. |
5. Each RSU is the economic equivalent of one share of Ovintiv common stock and attracts dividend equivalent RSUs. |
6. Includes 1,656 RSUs acquired through reinvested dividends that were not previously reported due to an inadvertent administrative oversight as follows: 678 RSUs on March 30, 2020; 185 RSUs on June 30, 2020; 246 RSUs on September 30, 2020; 143 RSUs on December 31, 2020; 101 RSUs on March 31, 2021; 78 RSUs on June 30, 2021; 111 RSUs on September 30, 2021; and 114 RSUs on December 31, 2021. |
7. Each Deferred Share Unit (each, a "DSU") is the economic equivalent of one share of Ovintiv common stock and attracts dividend equivalent DSUs. DSUs are held until retirement from the Board. |
8. Represents grants of dividend equivalent DSUs from March 31, 2021 to December 31, 2021 that were not previously reported due to an inadvertent administrative oversight as follows: 104 DSUs on March 31, 2021; 82 DSUs on June 30, 2021; 118 DSUs on September 30, 2021; and 123 DSUs on December 31, 2021. |
9. Includes 1,273 DSUs acquired through reinvested dividends that were not previously reported due to an inadvertent administrative oversight as follows: 608 DSUs on March 30, 2020; 224 DSUs on June 30, 2020; 272 DSUs on September 30, 2020; and 169 DSUs on December 31, 2020. |
10. Includes Ovintiv common stock acquired through reinvested dividends. |
/s/Dawna Gibb by Power of Attorney | 03/09/2022 | |
** 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. |